TEXAS DEPARTMENT of HOUSING and COMMUNITY AFFAIRS BOARD MEETING Friday, August 19, 2005 Waller Creek Office Building Room
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TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS BOARD MEETING Friday, August 19, 2005 Waller Creek Office Building Room 437 507 Sabine Austin, Texas 78701 BOARD MEMBERS: BETH ANDERSON KENT CONINE SHADRICK BOGANY NORBERTO SALINAS VIDAL GONZALEZ PATRICK GORDON EDWINA CARRINGTON, Executive Director ON THE RECORD REPORTING (512) 450-0342 2 I N D E X AGENDA ITEM PAGE CALL TO ORDER, ROLL CALL 9 CERTIFICATION OF QUORUM PUBLIC COMMENT 17 ACTION ITEMS Item 1 Presentation, Discussion and Possible 42 Approval of Minutes of the Board Meetings of June 27, 2005, July 14, 2005 Item 2 Presentation, Discussion and Possible 43 Approval of Housing Tax Credit Items: a) Housing Tax Credit Extensions for Construction Loan Closings for: 04005 Palacio Del Sol, San Antonio, Bexar 04100 O.W. Collins, Port Arthur, Jefferson 04151 Renaissance Courts, Denton, Denton 04157 Samaritan House, Fort Worth, Tarrant b) Discussion and Determination on 2005 47 Housing Tax Credit Appeals Consistent with §49.17(b)(4)(B) And Any Other Appeals Timely Filed c) Discussion on Letter dated June 10, 47 2005 from Munsch Hardt Kopf & Harr PC to The Honorable Robert Talton, Chairman of Urban Affairs Committee; Edwina Carrington, Executive Director of TDHCA; and Robert C. Kline, Executive Director of the Texas Bond Review Board Concerning Proposed 2006 Low Income Housing Tax Credit Qualified Allocation Plan and Chapter 1372 of the Texas Government Code d) Issuance of Determination Notice on 56 Tax-Exempt Bond Transaction with Other Issure and Award of HOME CHDO Funds: 05419 Sundance Apartments, Texas City, Galveston County, Texas Southeast Texas HFC is Issuer (Requested Credit Amount of $384,894, Requested HOME CHDO Amount of $1,500,000) ON THE RECORD REPORTING (512) 450-0342 3 e) Action on recommendations made following 77 alternative dispute resolution conference held on August 11, 2005 for: 05058 Green Briar Village Item 3 Presentation, Discussion and Possible Approval of Rules to be Published in the Texas Register for Public Comments: a) Housing Tax Credit Program Rules: 78 Proposed Repeal of Title 10, Part 1, Chapter 50 – 2004 Housing Tax Credit Program QAP and Rules; and Proposed New Title 10, Part 1, Chapter 50 – 2006 Housing Tax Credit Program Qualified Allocation Plan and Rules b) Home Investment Partnerships Program 140 (HOME) Rules: Proposed Repeal of Title 10, Part 1, Chapter 53 – 2004 HOME Program Rules; Proposed New Title 10, Part 1, Chapter 53 - 2005 HOME Program Rules c) Housing Trust Fund (HTF) Program Rules: 146 Proposed Repeal of Title 10, Part 1, Chapter 51 – 2004 Housing Trust Fund Program Rules; Proposed New Title 10, Part 1, Chapter 51 - 2005 Housing Trust Fund Program Rules d) Real Estate Analysis: Proposed Repeal 144 to Title 10, Part 1, Chapter 1, Subchapter B, Tex. Admin. Code – Underwriting, Market Analysis, Appraisal, Environmental Site Assessment, Property Condition Assessment and Reserve for Replacement Rules and Guidelines and Proposed New § 1.37 e) Compliance Monitoring: Proposed Repeal of Title 10, Part 1, Chapter 60, Subchapter A, Tex. Admin. Code – Compliance Monitoring, Section 60.1 Compliance Monitoring Policies and Procedures and Proposed New Title 10, Part 1, Chapter 60, Subchapter A, Tex. Admin. Code, Compliance Monitoring, Section 60.1 Compliance Monitoring Policies and Procedures Item 4 Presentation, Discussion and Possible 63 Approval to Publish in the Texas Register ON THE RECORD REPORTING (512) 450-0342 4 To Receive Public Comments for: a) Regional Allocation Formula for Housing Tax Credits and Housing Trust Fund b) Affordable Housing Needs Score for Housing Tax Credits and Housing Trust Fund Item 5 Presentation, Discussion and Possible 65 Approval of Multifamily Bond Program: a) Proposed Issuance of Multi-Family Mortgage Revenue Bonds and Four Percent (4%) Housing Tax Credits with TDHCA as the Issuer For: 1) Providence at Marine Creek, Fort Worth, Tarrant, Texas, in an Amount Not to Exceed $15,000,000 and Issuance of a Determination Notice (Requested Amount of $100,966) 2) Waxahachie Senior Apartments, Waxahachie, Ellis County, Texas, in an Amount Not to Exceed $10,100,000 and Issuance of a Determination Notice (Requested Amount of $442,401) b) Selection of Trustees for the 73 Multifamily Bond Program c) Inducement Resolution Declaring Intent to Issue Multifamily Housing Mortgage Revenue Bonds for Developments Throughout the State of Texas and Authorizing the Filing of Related Applications for the Allocation of Private Activity Bonds with the Texas Bond Review Board for Program Year 2005 2005-043 Willow Creek Apartments, Tomball, Texas 2005-045 Skyline at City Park, Houston, Texas Item 6 Presentation, Discussion and Possible Approval 148 of Programmatic Items: a) Discussion and Possible Action on Contract for Deed Conversions Recommendations: Application Applicant Region Activity Project Funds Admin. Funds Units Number Requested Requested Requested 2005-0208 The Latino Education Project, 10 CFD $500,000 $20,000 8 Incorporated (Corpus Christi) 2005-0212 Pecos County 12 CFD $500,000 $20,000 10 ON THE RECORD REPORTING (512) 450-0342 5 2005-0214 El Paso Collaborative for 13 CFD $500,000 $20,000 10 Community and Economic Development 2005-0215 The Housing Authority of the City 11 CFD $495,000 $19,800 9 of Del Rio 2005-0216 Alianza Para El Desarrollo 13 CFD $495,000 $19,800 9 Comunitario, Inc. (El Paso) $2,490,000 $99,600 46 b) Discussion and Possible Action on Disaster Relief Program Recommendations: 149 Application Applicant Region Activity Project Funds Admin. Funds Units Number Requested Requested Requested DR2005-0001 Wharton County 6 OCC $500,000 $20,000 9 DR2004-0207 Newton County 5 OCC $479,000 $19,160 13 DR2004-0209 Hardin County 5 OCC $303,500 $12,140 5 DR2004-0210 City of Wharton 6 OCC $495,000 $19,800 9 DR2004-0211 City of El Campo 6 OCC $500,000 $20,000 9 $2,277,500 $ 91,100 45 c) Presentation, discussion and possible approval of 2005 Single Family HOME Investment 150 Partnerships Program Recommendations: Application Applicant Region Activity Project Funds Admin. Funds Units Number Requested Requested Requested 2005-0008 Christian Community 3 Urban/E TBRA 500,000.00 76.00 $500,000.00 41 2005-0015 Tri-County MHMR 6 Urban/E TBRA 500,000.00 90.66 $343,209.00 34 2005-0141 Affordable Housing of 3 Rural TBRA 494,232.00 78.00 $217,857.00 15 2005-0035 Housing Authority of 3 Urban/E TBRA 250,000.00 73.00 $205,265.00 22 2005-0087 Buckner Children & 5 Rural TBRA 200,000.00 88.50 $200,000.00 20 2005-0014 Tri-County MHMR 6 Rural TBRA 250,000.00 91.00 $165,249.00 17 2005-0191 Bluebonnet Trails 7 Rural TBRA 450,000.00 90.00 $106,154.00 11 2005-0194 Bluebonnet Trails 7 Urban/E TBRA 450,000.00 90.00 $101,178.00 11 2005-0199 Marble Falls Housing 9 Rural TBRA 500,000.00 77.00 $97,601.00 3 2005-0113 El Paso Community 13 Urban/E TBRA 193,666.00 62.33 $93,793.00 10 2005-0005 Burke Center 5 Rural TBRA 491,375.00 66.66 $62,907.00 6 2005-0195 Bluebonnet Trails 9 Rural TBRA 50,000.00 91.00 $50,000.00 5 2005-0196 Bluebonnet Trails 9 Urban/E TBRA 50,000.00 91.00 $50,000.00 5 2005-0213 Alpha Concepts, Inc. 5 Urban/E TBRA 45,216.00 83.00 $43,155.00 4 2005-0006 Ellis Townhomes, Inc. 9 Urban/E TBRA 500,000.00 82.00 $29,477.00 3 2005-0041 City of McKinney 3 Urban/E OCC 500,000.00 77.00 $500,000.00 10 2005-0056 City of Groesbeck 8 Rural OCC 500,000.00 94.00 $500,000.00 9 2005-0067 CDC of Brownsville 11 Urban/E OCC 500,000.00 67.50 $500,000.00 10 2005-0081 City of San Benito 11 Urban/E OCC 500,000.00 78.00 $500,000.00 16 2005-0096 City of Venus 3 Rural OCC 500,000.00 96.00 $500,000.00 9 2005-0098 City of Splendora 6 Rural OCC 500,000.00 97.00 $500,000.00 9 2005-0114 Laredo-Webb N'hood 11 Rural OCC 495,000.00 81.00 $495,000.00 9 ON THE RECORD REPORTING (512) 450-0342 6 2005-0144 City of Taft 10 Rural OCC 495,000.00 95.00 $495,000.00 9 2005-0145 City of Amherst 1 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0147 City of Nome 5 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0148 City of Turkey 1 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0150 City of Lone Oak 3 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0151 City of Malakoff 4 Rural OCC 495,000.00 96.00 $495,000.00 9 2005-0152 City of Kemp 3 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0153 City of Berryville 4 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0155 City of Princeton 3 Urban/E OCC 495,000.00 86.00 $495,000.00 9 2005-0156 City of Bronte 12 Rural OCC 495,000.00 95.00 $495,000.00 9 2005-0159 Institute of Rural 3 Urban/E OCC 495,000.00 78.00 $495,000.00 9 2005-0162 City of Hitchcock 6 Urban/E OCC 495,000.00 83.00 $495,000.00 9 2005-0163 City of Bells 3 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0164 City of Bandera 9 Rural OCC 495,000.00 95.00 $495,000.00 9 2005-0167 City of Miles 2 Rural OCC 495,000.00 95.00 $495,000.00 9 2005-0172 City of Garrison 5 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0173 City of Odem 10 Rural OCC 495,000.00 96.00 $495,000.00 9 2005-0174 City of Rising Star 2 Rural OCC 495,000.00 97.00 $495,000.00 9 2005-0184 City of Van 4 Rural OCC 495,000.00 94.00 $495,000.00 9 2005-0186 City of El Cenizo 11 Rural OCC 495,000.00 92.00 $495,000.00 9 2005-0187 City of Asherton 11 Rural OCC 495,000.00 96.00 $495,000.00 9 2005-0189 City of Wickett 12 Rural OCC 495,000.00 95.00 $495,000.00 9 2005-0190 City of Carrizo Springs 11 Rural OCC 495,000.00 90.00 $495,000.00 9 2005-0192 City of Encinal 11 Rural OCC 495,000.00 87.00 $495,000.00 9 2005-0200 Housing Authority of the 11 Rural OCC 495,000.00 81.00 $495,000.00 9 2005-0028 City of Nash 4 Urban/E OCC 495,000.00 93.00 $492,463.00 9 2005-0178 City of Marble Falls 7 Rural OCC 500,000.00 95.00 $424,616.00 8 2005-0083 City of San Marcos 7 Urban/E OCC 500,000.00 72.00 $404,712.00 8 2005-0097 City of Willis 6 Rural OCC 500,000.00 95.00 $396,397.00 7 2005-0149 Wharton County 6 Rural OCC 495,000.00 95.00 $392,433.00 7 2005-0175 City of Yoakum 10 Rural OCC 500,000.00 92.00 $364,039.00 7 2005-0007 City of New Braunfels 9 Urban/E OCC 500,000.00 77.00 $317,909.00 16 2005-0169 City of Ingleside 10 Urban/E OCC 275,000.00 92.00 $275,000.00 5 2005-0055 City of Whitney 8 Rural OCC 500,000.00 93.00 $266,675.00 5 2005-0036 Ebenz Inc.