September 7th, 2023

To authorize the issuance, sale and delivery of Multifamily Housing Revenue Bonds for the Daffan Flats Apartments project in Austin, in an amount not to exceed $45 million, approving bond documents including a loan agreement, regulatory agreement and bond purchase agreement; and authorizing officers to execute documents and take actions necessary to deliver the bonds, including conversion to permanent financing.

To authorize Strategic Housing Finance Corporation's participation in developing the proposed 247-unit Daffan Flats Apartments affordable housing project in Austin, including acquisition of land to lease to the developer partnership, providing financing through bond proceeds, additional loans as needed, and permanent financing and serving as general contractor. Authorizes officers to execute all relevant documents.