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Texas Residential Rental Lease Agreement

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Texas Residential Rental Lease Agreement Powered By Docstoc
					                                                                List of Applications for Projects requesting funding through Affordable Housing General Obligation Bonds
                                                                                                  (Most Recent Applications at Top of List)

                                                                                                                                                                                                               Housing Bond
                                                                                                                GO Bond                                                                                           Review
                                                                                                Number of       Funding                                                                   GO Bond Funding        Committee
            Project Name             Builder/Developer            Location           Zip Code     Units         Amount              Type                    Description                      Category           review date              Status

    Children's HOME Initiative &                                                                                                   Rental/      Refinance debt on property to
    VLI Unit Expansion @                                                                                                         Transitional   create 14 permanently affordable
1   Crossroads Apartments          Foundation Communities 8801 McCann                 78757        14       $    900,000         Supportive     units                                       Competitive             TBD         Under review by staff.

                                                                                                                                                Infrastructure to support 150 units
                                                                                                                                                of housing for homeless individuals.
                                                                                                                                   Rental/      Housing units will consist of
                                   Mobile Loaves and                                                                             Transitional   Recreational Vehicles, Cottages,
2   Habitat on Wheels              Fishes                   Harold Ct.                78721        150      $1,774,500           Supportive     and site built Park Homes.                  Competitive         June 2, 2008    Application withdrawn.

                                   Guadalupe                                                                                                 Acquire 4 acres on Tillery Street to
                                   Neighborhood                                                                                              be developed for affordable                                                        Approved by AHFC Board
3   Tillery Ownership Project      Development Corp.        1126 Tillery              78702        28       $1,000,000         Homeownership homeownership.                                 Competitive         June 2, 2008    on July 24, 2008

                                                                                                                                   Rental/      Acquisition & rehabilitation of
    St. Louise House Transitional                                                                                                Transitional   apartments to serve homeless                                                    Approved by AHFC Board
4   Housing & Supportive Services VinCare Services          2104 Berkett Drive        78745        24       $1,765,294           Supportive     women & children below 30% MFI              Competitive        March 13, 2008   April 10, 2008

                                                                                                                                                Buy-down of rents in 10% of units
                                                                                                                                                to make them affordable to
                                                                                                                                                households at 50% of Median                                                     Approved by AHFC Board
5   Sunnymeade Apartments          Kaplan Acquisitions, LLC 501 East Oltorf Street    78704        33       $1,170,737             Rental       Family Income.                             Council Priority   February 25, 2008 April 10, 2008


                                                                                                                                                Refinance debt on property to
    Children's HOME Initiative &                                                                                                                "bring on-line" 46 affordable units -
    VLI Unit Expansion @                                                                                                                        18 serving 30% MFI & 28 serving
6   Crossroads Apartments          Foundation Communities 8801 McCann                 78757        46       $1,237,325             Rental       50% MFI.                                    Competitive        March 13, 2008   Application withdrawn.

                                                                                                                                                Acquire & rehabilitate/increase ADA
                                   United Cerebral Palsy                                                                                        accessibility/visitability of 1 single-
                                   Texas/ Accessible                                                                                            family home serving families with                                               Approved for Rapid
7   Carol's House                  Housing Austin!, Inc.    1805 Heatherglen          78758         1       $    100,000           Rental       special needs below 30% MFI.              Rapid Acquisition    March 13, 2008   Acquisition funding.



                                                                                                                                                                                                                                Approved for Rapid
                                     Blackshear             1705 Rosewood Ave.,                                                                                                                                                 Acquisition funding along
                                     Neighborhood           1905 E. 9th, 2412 &                                                                 Acquire 2 lots, & construction of 6                                             with other non-G. O.
                                     Development            2414 Bryan St., 2503                                                                units serving 30-60% MFI with                                                   Bond funding by AHFC
8   Blackshear Infill Rental Project Corporation            E. 9th                    78702         6       $    100,000           Rental       G.O. Bond & HOME funding.                 Rapid Acquisition    March 13, 2008   Board April 10, 2008

                                   Austin Children's                                                                               Rental/      Construction of 2 "cottages" - 14
                                   Shelter/Southwest                                                                             Transitional   units each for boys & girls 8-17,                                               Approved by AHFC Board
9   Austin Children's Shelter      Constructors, Inc.       4800 Manor Road           78723        28       $1,000,000           Supportive     with supportive services offered.           Competitive        March 13, 2008   April 10, 2008




                                                                                                                           1
                                                                                                                                                                                                      Housing Bond
                                                                                                             GO Bond                                                                                     Review
                                                                                             Number of       Funding                                                             GO Bond Funding        Committee
           Project Name              Builder/Developer           Location         Zip Code     Units         Amount             Type                 Description                    Category           review date               Status


   Sendero Hills, Phase IV - Part   Austin Neighborhood    Sendero Hills, Phase                                                           Infrastructure construction for 15.3                                          Approved by AHFC Board
10 2; Infrastructure Construction   Alliance for Habitat   IV                      78724       50-65     $1,000,000          Homeowner    acres of affordable housing.             Competitive        March 13, 2008    April 10, 2008

                                    Guadalupe                                                                                            Acquire property to add to GNDC's
   Expansion of proposed            Neighborhood                                                                            Homeowner or proposed 7-acre Goodwin Avenue                                                 Approved for Rapid
11 Goodwin Ave. Development         Development Corp.      0 Goodwin Avenue        78702         1       $     20,000          Rental    development.                            Rapid Acquisition   January 28, 2008   Acquisition Funding.


                                    Guadalupe                                                                                            Acquire property to add to GNDC's
   Expansion of proposed            Neighborhood                                                                            Homeowner or proposed 7-acre Goodwin Avenue                                                 Approved for Rapid
12 Goodwin Ave. Development         Development Corp.      1 Goodwin Avenue        78702         2       $     90,000          Rental    development.                            Rapid Acquisition   January 28, 2008   Acquisition funding.




                                    Austin Neighborhood    Sendero Hills, Phase                                                           Acquisition and infrastructure           October 2007                       Approved by AHFC Board
13 Sendero Hills, Phase IV          Alliance for Habitat   IV                      78724       50-65      #######            Homeowner    development for 15.3 acres             Competitive NOFA    December 4, 2007 January 10, 2008



                                                                                                                                          Provide additional rehab funding
                                                                                                                                          for waterproofing and green
                                                                                                                                          building features at this hotel being
                                                           1212 W. Ben White                                                              converted to single-room                October 2007                        Approved by AHFC Board
14 Skyline Terrace                  Foundation Communities Blvd                    78704        100       #######              Rental     occupancy.                            Competitive NOFA     December 4, 2007 February 14, 2008.
                                                                                                                                          Either: 1) refinance existing debt;
                                                                                                                                          or 2) propose AHFC acquire                                                  Application either
                                                                                                                                          property and lease back to              October 2007                        incomplete or did not
15 Children's HOME Initiative       Foundation Communities 8801 McCann Dr.
                                    Guadalupe                                      78757        18        #######              Rental     applicant                             Competitive NOFA     December 4, 2007 meet threshold score.
                                    Neighborhood                                                                                          Construction of one new single-          October 2007                       Approved by AHFC Board
16 GNDC-Lydia Alley Flat            Development Corp.      904 Lydia               78702         1       $     60,000          Rental     family rental.                         Competitive NOFA    December 4, 2007 January 10, 2008
                                                                                                                                                                                                                      Application either
                                                           0, 1127 and 1145                                                               Acquisition of 8 completed housing       October 2007                       incomplete or did not
17 GNDC-SOL Rental Project          KRDB, LLC              Perry Road              78721         8       $ 900,000             Rental     units.                                 Competitive NOFA    December 4, 2007 meet threshold score.


                                                                                                                                          Demolish two apartment buildings
                                                           1330 Lamar Square                                                              and replace with 4-story, 64-unit     October 2007                          Approved by AHFC Board
18 The Willows                      Mary Lee Community     Dr.                     78704        64        #######              Rental     complex.                            Competitive NOFA       December 4, 2007 January 10, 2008
                                                                                                                                          Land acquisition to CLT and provide                                         Application either
                              Perry Equity Partners,       0, 1127 and 1145                                                               homebuyer assistance to 8             October 2007                          incomplete or did not
                              LLC
19 GNDC-SOL Homeownership Project                          Perry Road              78721         8       $ 640,000           Homeowner    homebuyers                          Competitive NOFA       December 4, 2007 meet threshold score.




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                                                                                                                                                                                                       Housing Bond
                                                                                                                  GO Bond                                                                                 Review
                                                                                                  Number of       Funding                                                         GO Bond Funding        Committee
           Project Name              Builder/Developer          Location               Zip Code     Units         Amount           Type                 Description                  Category           review date              Status
                                                          Robert Mueller                                                                                                                                               Application either
                                                          Municipal Airport                                                                  Construction of one new single-        October 2007                       incomplete or did not
20 Austin Children's Shelter       Southwest Constructors Redevelopment                 78723        28        #######             Rental    family rental.                       Competitive NOFA    December 4, 2007 meet threshold score.

                                                                                                                                             Buy-down of rents to make units
                                                                                                                                             affordable for households at 50%
   Stoneridge Apts.                                                                                                                          of Median Family Income.                                                    Approved by AHFC Board
21 Redevelopment                   Ardent Residential, Inc.     1500 S. Lamar Blvd.     78704        30       $    710,350         Rental    Affordability Period: 40 years.       Council Priority    April 16, 2007    April 19, 2007.
                                                                1702 E. 21st; 2106
                                                                Chicon; 2203 and                                                             Rehab of four existing single-family                                        Application either
                                   Blackland Community          2110 Salina; 1900 E.                                                         rental units and new construction       August 2007                         incomplete or did not
22 Rehab and New Construction      Development Corp.            22nd                    78722         6       $    260,000         Rental    of one duplex.                        Competitive NOFA   October 22, 2007   meet threshold score.
                                                                                                                                             Provide additional rehab funding
                                                                                                                                             for waterproofing and green
                                                                                                                                             building features at this hotel being                                       Application either
                                                          1212 W. Ben White                                                                  converted to single-room                August 2007                         incomplete or did not
23 Skyline Terrace                 Foundation Communities Blvd                          78704        100      $1,400,000           Rental    occupancy.                            Competitive NOFA   October 22, 2007   meet threshold score.
                                                                                                                                             Either: 1) refinance existing debt;
                                                                                                                                             or 2) propose AHFC acquire                                                  Application either
   Children's HOME Initiative at                                                                                                             property and lease back to              August 2007                         incomplete or did not
24 Crossroads Apartments           Foundation Communities 8801 McCann Dr.               78757        18       $1,245,645           Rental    applicant                             Competitive NOFA   October 22, 2007   meet threshold score.



                                   Guadalupe
                                   Neighborhood                                                                                                                                                                          Application either
   GNDC-SOL Rental Housing         Development                  0, 1127 and 1145                                                             Acquisition of 8 completed housing     August 2007                          incomplete or did not
25 Project                         Corp./KRDB                   Perry Road              78721         8       $    930,000         Rental    units.                               Competitive NOFA    October 22, 2007   meet threshold score.
                                   Guadalupe
                                   Neighborhood                                                                                                                                                                          Application either
                                   Development                                                                                               Construction of one new single-        August 2007                          incomplete or did not
26 904-B Lydia Alley House         Corp./KRDB                   904 Lydia               78702         1       $     60,000         Rental    family rental.                       Competitive NOFA    October 22, 2007   meet threshold score.

                                                                                                                                                                                                                         AHFC Board authorized
                                                                                                                                                                                                                         negotiation and
                                                                                                                                             Demolish two apartment buildings                                            execution of a loan
                                                                1330 Lamar Square                                                            and replace with 4-story, 64-unit      August 2007                          agreement on December
27 The Willows                     Mary Lee Community           Dr.                     78704        64       $2,250,000           Rental    complex.                             Competitive NOFA    October 22, 2007   6, 2007.
                                                                                                                                                                                                                         Application either
                                   Austin Neighborhood          Sendero Hills, Phase                                                         Acquisition and infrastructure         August 2007                          incomplete or did not
28 Sendero Hills Phase IV          Alliance for Habitat, Inc.   IV                      78721       50-65     $1,000,000         Homeowner   development for 15.3 acres           Competitive NOFA    October 22, 2007   meet threshold score.
                                   Guadalupe
                                   Neighborhood
                                   Development                                                                                               Land acquisition to CLT and provide                                         Application either
   GNDC-SOL Housing                Corp./Perry Equity           0, 1127 and 1145                                                             homebuyer assistance to 8             August 2007                           incomplete or did not
29 Homeownership Project           Partners, LLC                Perry Road              78721         8       $    697,600       Homeowner   homebuyers                          Competitive NOFA     October 22, 2007   meet threshold score.




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