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The TDHCA Board convened their board meeting on September 3, 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.

  • October 2020 designated Energy Awareness month
  • Consent Agenda Report Items 1(i) and 1(j) which have been moved to the Action Item agenda
    • 1 (i) related to extension of CARES Act funds approved. About $3.3 million allocated for an eviction diversion pilot program
    • 1(j) to begin inducement of multifamily bonds for four proposed affordable rental communities: two in Dallas, one in Denton, and one in Rowlett approved
  • ITEM 3: INTERNAL AUDIT a) Report on the meeting of the Internal Audit and Finance Committee
    • Report on meeting of Internal Audit and Finance Committee accepted
  • ITEM 4: HOUSING RESOURCE CENTER
    a) Presentation, discussion and possible action of a substantial amendment to the 2019 State of Texas Consolidated Plan: One-Year Action Plan and approval of programming for ESG CARES II and CDBG CARES funding
    Removed
  • ITEM 5: RULES
    • Presentation, discussion, and possible action on the proposed repeal of 10 TAC Chapter 13, Multifamily Direct Loan Rule, the proposed new 10 TAC Chapter 13, Multifamily Direct Loan Rule, and directing their publication for public comment in the Texas Register
      • Board approves recommendation to repeal the existing Direct Loan rules and publish for public comment the draft rules for 2021
  • ITEM 6: ASSET MANAGEMENT
  • Report on six-month extension to the placed-in-service deadline for 2018 9% Housing Tax Credit developments
    • Construction work has been delayed due to COVID-19, so the extension will help those developments in need of extra time to place in service
    • No further action
  • ITEM 7: BOND FINANCE
    • a) Presentation, discussion, and possible action regarding the Issuance of Multifamily Housing Revenue Bonds (Fish Pond at Corpus Christi) Resolution No. 21-002, a Determination Notice of Housing Tax Credits and an Award of Direct Loan Funds
      • Fish Pond at Corpus Christi, once finished, will provide 112 units of affordable housing
      • Board approves recommendation to issue the bonds and award the tax credits and Direct Loan funds for the Corpus Christi transaction
  • ITEM 8: MULTIFAMILY FINANCE
    • a) Presentation, Discussion and Possible Action regarding a waiver of §10.402(b) relating to Determination Notices for Gala at Central Park (#20406)
      • Vote to grant waiver for Gala at Central Park
  • b)Presentation, discussion, and possible action on the proposed repeal of 10 TAC Chapter 11 concerning the Housing Tax Credit Program Qualified Allocation Plan, and a proposed new 10 TAC Chapter 11 concerning the Housing Tax Credit Program Qualified Allocation Plan and directing its publication for public comment in the Texas Register
    • Board approves recommendation to repeal the existing QAP and publish for public comment in the Texas Register the draft 2021 QAP.
  • c) Presentation, discussion, and possible action on timely filed scoring appeals under the Department’s Multifamily Program Rules for Application 20116 Dian Street Villas, Houston
    • Board denies recommendation by 3-1 vote. Issue considered an administrative deficiency and remands back to the TDHCA Real Estate Analysis the underwriting on the Dian Street Villas
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