Agenda — original pdf

Agenda

PUBLIC NOTICE OF A MEETING TAKE NOTICE OF A BOARD OF DIRECTORS REGULAR MEETING OF THE AUSTIN AFFORDABLE HOUSING CORPORATION TO BE HELD AT 1124 S IH 35 Frontage Rd, Join Zoom Meeting https://bit.ly/43Hh0Cp Meeting ID: 889 0331 8599; Passcode: 189097 Austin, TX (512.477.4488) Thursday, July 10, 2025 12:00 PM CALL TO ORDER, ROLL CALL CERTIFICATION OF QUORUM PUBLIC COMMUNICATION (NOTE: THERE WILL BE A THREE-MINUTE TIME LIMITATION) CONSENT AGENDA Items on the Consent Agenda may be removed at the request of any Commissioner and considered at another appropriate time on this agenda. Placement on the Consent Agenda does not limit the possibility of any presentation, discussion, or action at this meeting. Under no circumstances does the Consent Agenda alter any requirements under Chapter 551 of the Texas Government Code, Texas Open Meetings Act. 1. Presentation, Discussion, and Possible Action regarding the Approval of the Board Minutes Summary for the Board Meeting held on May 29, 2025 ACTION ITEMS 2. Presentation, Discussion, and Possible Action on Resolution No. 00272 by the Board of Directors of Austin Affordable Housing Corporation (“AAHC”) authorizing AAHC to execute any and all documents, or take any other action, that is necessary or desirable to: (i) facilitate the acquisition and development of Ovetta Rosedale (the “Development”), which will consist of multifamily housing units and associated amenities to be built upon land to be ground-leased from the Housing Authority of the City of Austin (“HACA”); (ii) cause AAHC’s affiliate limited liability company to execute an amended and restated operating agreement of Ovetta Rosedale, LLC (the “Company”) and other related documents, including any development agreement, purchase option, and right of first refusal agreement; (iii) cause the Company to own the Development; (iv) cause the Company to enter into acquisition and development financing for the Development; and (v) cause AAHC, its affiliates, and/or the Company to execute any such further documentation as necessary or desirable to allow the consummation of the transactions described herein 3. Presentation, Discussion, and Possible Action on Resolution No. 00273 by the Board of Directors of Austin Affordable Housing Corporation (“AAHC”) authorizing AAHC to execute any and all documents, or take any other action, that is necessary or desirable to: (i) facilitate the construction of Vargas Apartments Phase I (the “Development”), which will consist of multifamily housing units and associated amenities to be built upon land in Austin, Texas ground-leased from the Housing Authority of the City of Austin (“HACA”); (ii) cause Riverside — Vargas QOZB Condo 1, LLC (the “Owner”), of which the managing member is wholly owned by AAHC, to own the Development; (iii) cause the Owner to enter into acquisition and construction financing for the Development; and (iv) cause AAHC, its affiliates, and/or the Owner to execute any such further documentation as necessary or desirable to allow the consummation of the transactions described herein EXECUTIVE SESSION If there is an Executive Session, the Board will return to Open Session for discussion, consideration and possible action of matters discussed in Executive Session. OPEN SESSION REPORTS The Board will receive program updates from the President/CEO and other senior staff. ADJOURNMENT "Pursuant to 30.06, Penal Code, (trespass by holder of license with a concealed handgun), a person licensed under Subchapter H, Chapter 411, Government Code (handgun licensing law), may not attend this meeting with a concealed handgun." "Pursuant to 30.07, Penal Code (trespass by holder of license with an openly carried handgun), a person licensed under Subchapter H, Chapter 411, Government Code (handgun licensing law), may not attend this meeting with a handgun that is carried openly." "En virtud del 30.06, Codigo Penal, (traspaso titular de licencia con una pistola), una persona bajo el subcapitulo H, capitulo 411, codigo de gobierno (Ley de licencia de arma or pistola), no se permiten en este reunion con una arma o pistola. "En virtud de 30.07, Codigo Penal (prevaricacion por titular de la licencia con un arma o pistola abiertamente llevado), una persona bajo el subcapitulo H, capitulo 411, codigo de gobierno (Ley de licencia de arma o pistola), no se permiten en esta reunion con un arma o pistola que lleva abiertamente. *The Housing Authority of the City of Austin (HACA) Board of Commissioners reserves the right to discuss and consider items out of order on the agenda on an as-needed basis. The Housing Authority of the City of Austin is committed to compliance with the Americans with Disability Act. Reasonable modifications and equal access to the communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Nidia Hiroms at HACA at 512.477.4488, for additional information; TTYusers route through Relay Texas at 711. For more information on HACA, please contact Nidia Hiroms at 512.477.4488 x 2104.