December 12th, 2024

[Not discussed] To authorize the acquisition of the investor limited partner interests in Cambridge Villas Apartments Limited Partnership for an amount not to exceed [amount]; authorize the assignment of these interests to the General Partner or a newly formed limited liability company owned by the Corporation; and authorize the execution of all necessary documents related to the acquisition, as outlined in the resolution.

To authorize the issuance and sale of up to $50,000,000 in multifamily housing revenue bonds for the Ledgestone Apartments project; approve the form and substance of the agreement to issue bonds; authorize related agreements and actions necessary for financing the acquisition, construction, and equipping of the project; and authorize participation in the project's financing, development, and operation, including applying for low-income housing tax credits and leasing the property to the user, as outlined in the resolution and agreement to issue bonds.

To direct the Executive Director to develop and present a construction quality checklist and a construction monitoring report for new multifamily residential projects, incorporating requirements and incentives related to durability, energy efficiency, and eco-friendliness, as outlined in the resolution and appendices. The checklist and report are to be presented by June 2025.

To reaffirm the Board's commitment to implementing a Tenants Bill of Rights (TBOR); direct the Executive Director to develop an implementation plan, including potential modifications, additions, and incentives for adoption; integrate the plan with other tenant well-being initiatives; and require a progress update by June 2025 and a final implementation plan by December 2025, as outlined in the resolution.

To adopt the Board of Directors Manual, as attached or linked in Appendix A, and direct the Executive Director to publish the manual on the Corporation's website, as outlined in the resolution.

[Not discussed] To authorize the execution of an amended and restated ground lease and a second amended and restated agreement of limited partnership for the Silver Springs Apartments; authorize the execution of agreements related to the refinancing of the project; and contain other provisions related to participation in the multifamily residential development, as outlined in the resolution.