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The TDHCA Board convened their board meeting on December 10, 2020. This meeting was held in a virtual format as authorized by Executive Order of the Governor. See below for a summary of the board actions.

Item 3: BOND FINANCE:

Presentation, discussion, and possible action regarding the Issuance of a Multifamily Note (Legacy Riverside Senior Living Community) Series 2020 Resolution No. 21-007, and a Determination Notice of Housing Tax Credits

  • Board Approved staff recommendation to issue bonds to Legacy Riverside Senior Living Community, a proposed 264-unit development in Fort Worth

ITEM 4: MULTIFAMILY FINANCE

  1. a) Presentation, discussion, and possible action regarding the issuance of Determination Notices for 4% Housing Tax Credit Applications
  • Board approves recommendation to issue 4% credits to 5 developments located in Dallas, Waxahachie, Woodlands, and Austin for a total of 913 units
  1. b) Presentation, discussion, and possible action regarding a waiver of 10 TAC §11.101(b)(1)(A)(ii) of the Qualified Allocation Plan (QAP) and the issuance of a Determination Notice for 4% Housing Tax Credits for Wildhorse Flats (#20488)
  • Waiver is for elevator requirement for multistory buildings. This Building is on a slope so that there is ground floor access to all floors.
  • Board approved recommendation to issue 4% housing tax credits for Wildhorse Flats, a proposed 310-unit rental community in southeast Austin.
  1. c) Presentation, discussion, and possible action on a Determination Notice for 4% Housing Tax Credits and an Award of Direct Loan Funds (#20464, Pine Terrace, Mount Pleasant)
  • Board approved recommendation to issue award of 4% housing tax credits and Direct Loan Funds for Pine Terrace, an acquisition-rehabilitation transaction for an existing 76-unit development in Mount Pleasant.
  1. d) Presentation, discussion and possible action regarding an Award of Direct Loan Funds from the 2020-1 Multifamily Direct Loan Notice of Funding Availability 20329 Fishpond at Huntsville Huntsville 20501 Samano Brownsville 20504 Burnet Place Austin Marni Holloway Director of Multifamily Finance
  • Fishpond at Hunstville: $350,000 award and not assess penalty. Board approved recommendation
  • Samano Brownsville: grant award of $2 million. Board approved recommendation
  • Burnet Place Austin. $3 million loan national housing trust fund award, with less than10% equity. Board approved recommendation.
  1. e) Presentation, discussion, and possible action regarding the approval for publication in the Texas Register of the 2021-1 Multifamily Direct Loan Notice of Funding Availability
  • Board approved recommendation to issue $40M notice of funding availability for Multifamily Direct Loan Funds culled from approximately $31M in HOME funds and $9M in National Housing Trust Funds
  1. f) Presentation, discussion and possible action on a request for return and reallocation of tax credits under10 TAC §11.6(5) related to Credit Returns Resulting from Force Majeure Events for Application 19315, Hammack Creek
  • Board approved recommendation to return and reallocate of tax credits resulting from a force majeure event for Hammack Creek, a proposed 112-unit new construction deal

ITEM 5: AUDIT a) Report on the meeting of the Internal Audit and Finance Committee Sharon Thomason Chair of Audit & Finance Committee b) Presentation, discussion, and possible approval of the Annual Internal Audit Plan for Fiscal Year 2021 Mark Scott Director of Internal Audit

  • Board approved staff recommendation

ITEM 6: RULES Presentation, discussion, and possible action on the draft 2021 State of Texas Low Income Housing Plan and Annual Report; proposed repeal of 10 TAC Chapter 1, Subchapter A, General Policies and Procedures, §1.23 concerning State of Texas Low Income Housing Plan and Annual Report; proposed new 10 TAC Chapter 1, Subchapter A, General Policies and Procedures, §1.23 concerning State of Texas Low Income Housing Plan and Annual Report; and directing their publication for public comment in the Texas Register Elizabeth Yevich Director of Housing Resource Center

  • Board approves draft State Low Income Housing Plan (SLIHP)

ITEM 7: TEXAS HOMEOWNERSHIP Presentation, discussion, and possible action on the Participating Lender List for the Single Family Mortgage Loan and Mortgage Credit Certificate Programs Cathy Gutierrez Director of Texas Homeownership

  • Board approves staff rec to approve the Participating Lender List

ITEM 8: COMMUNITY AFFAIRS

  1. a) Presentation, discussion, and possible action regarding authorization to release a Notice of Funding Availability for 2021 Community Services Block Grant Discretionary funds for education and employment initiatives for Native American and migrant seasonal farm worker populations Michael De Young Director of Community Affairs
  • Board approves recommendation to issue funding notice for 2021 Community Services Block Grant Discretionary funds for education and employment initiatives for Native American and migrant seasonal farm worker population
  1. b) Presentation, discussion, and possible action regarding termination of Galveston County Community Action Council, Inc.’s Low Income Home Energy Assistance Program Comprehensive Energy Assistance Program contracts and future funding; award of 24.99% of the 2020 Comprehensive Energy Assistance Program awards for the service area covered by Galveston County Community Action Council, Inc., to alternate provider(s); and the authorization of staff to identify a provider(s), through release and subsequent award of a Request for Application or through a direct designation, to temporarily and permanently administer the Comprehensive Energy Assistance Program in Brazoria, Fort Bend, Galveston, and Wharton counties (the areas served by Galveston County Community Action Council, Inc.)

Pulled from agenda

  1. c) Presentation, discussion, and possible action on initiation of proceedings to remove the eligible entity status of Galveston County Community Action Council, Inc. and terminate Community Services Block Grant contracts and future funding

 

 

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