The Strategic Housing Finance Corporation is committed to transparency and ensuring that our community stays informed about our board's decisions and resolutions. This page provides access to our board resolutions, which are formal actions taken by our board of directors to address important matters related to our affordable housing goals. We believe in open communication and want to keep you informed about the decisions that shape our organization. We encourage you to explore the board resolutions to gain insight into the thoughtful actions taken by our board. It is through these resolutions that we continuously work to improve our services, provide affordable housing opportunities, and serve the needs of our community.
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Resolution No. SHFC-2023-08- Interim ED Job Description
October 4, 2023
To approve the Strategic Housing Finance Corporation of Travis County Interim Executive Director job description to be used for recruitment and selection of an interim Executive Director given the importance of leadership for the organization's mission of producing and preserving affordable housing.
To approve the prescription of form and substance of an Agreement to Issue Bonds for up to $60 million in Multifamily Housing Revenue Bonds for the proposed 321-unit Blue Ridge Apartments affordable housing development to be located at 9825 Wildhorse Ranch Trail in Austin, Travis County, and to authorize related documents and applications.
To approve development of a solicitation for a one-time Restorative Rent Support Program for former Rosemont at Oak Valley residents using $1.2 million of sale proceeds, and allocation of remaining sale proceeds to a Housing Supply Fund for affordable housing initiatives.
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.
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.
Resolution No. SHFC 2023-05 Social Housing Pilot Plan
August 3, 2023
To direct the Executive Vice President to develop a proposal for an initial pilot of social housing in Travis County using public ownership and operation of mixed-income properties to enable permanent affordability, along with recommendations for creating a social housing division within SHFC.
To adopt key performance indicators for housing management, financial management, and organizational development to guide data-driven decision making, incorporate into staff reporting, and align with executive evaluation.
Resolution No. SHFC 2023-03 Executive VP Evaluation Form
August 3, 2023
To approve a new performance evaluation form for the Executive Vice President with scoring categories for housing management, financial management, and organizational development, along with quantitative evaluation breakpoints.
To authorize the sale of the Rosemont at Oak Valley Apartments by SHFC Oak Valley LLC and the execution and delivery of documents and instruments necessary to carry out the contemplated transaction, and to take other actions related to the subject.