RBA AGENDA ITEM NO.: AHFC-1 AUSTIN HOUSING FINANCE CORPORATION AGENDA DATE: Thu 06/09/2005 RECOMMENDATION FOR BOARD ACTION FAGE: 1 of 1 SUBJECT; Approve the minutes of the May 12, 2005 Board meeting of the Austin Housing Finance Corporation. AMOUNT & SOURCE OF FUNDING: N/A FISCAL NOTE: There is no unanticipated fiscal impact. A fiscal note is not required. REQUESTING Austin Housing Finance DIRECTOR'S DEPARTMENT: Corporation AUTHORIZATION: Paul Hilgers FOR MORE INFORMATION CONTACT: Paul Hilgers, Director, Neighborhood Housing and Community Development, 974-3108. PRIOR BOARD ACTION: N/A BOARD AND COMMISSION ACTION: N/A The meeting minutes will be attached when they become available. RCA Serial*: 8799 Dtte: 06/09/05 Original: Yea Published: Disposition: Adjusted vcraion published: RUSTIN HOUSING FINflNCE CORPORflTION BOARD OF DIRECTORS' MEETING AUSTIN HOUSING FINANCE CORPORATION SPECIAL CALLED MEETING MINUTES THURSDAY, May 12,2005 The Board of Directori of the Austin Housing Finance Corporation (AHFC) was convened on Thursday, May 12,2005, in the Council Chambers of City Hall, 301 W. 2M> Street, Austin, Texas. The following were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors. President Wynn called the meeting to order at 11:34 a.m. AHFC-1 Approve the minutes of the April 7, 2005 Board meeting of the Austin Housing Finance Corporation. The minutes for the Austin Housing Finance Corporation meeting of April 7, 2005 were approved on Board Member McCracken'i motion, Vice President Goodman's second on a 7-0 vote. AHFC-2 Authorize the negotiation and execution of a Community Housing Development Organization loan under the Acquisition and Development Program in an amount not to exceed $160,000 to NEIGHBORHOOD HOUSING SERVICES OF AUSTIN, INC, Austin TX, a non-profit community-housing provider, to provide loans to first-time homebuyers. (Funding is available in HOME grant funds allocated in the Fiscal Year 2004-2005 Austin Housing Finance Corporation budget.) The motion authorizing the negotiation and execution of a Community Housing Development was approved on Board Member Dunkerley*! motion, Board Member Thomas' second on a 7-0 vote. The meeting was adjourned without objection at 11:39 a.m.