What is the Role of the AHFC Board Member and how does it differ from the City Councils role?
• To oversee AHFCs ability to issue housing bonds, to receive transfers of City surplus property, to buy and sell property, to act as a non-profit developer and development partner, to develop public and private housing partnerships. The strategy is to find other ways to make AHFC an entrepreneurial extension of the City as a key player in the financing, development and production of affordable housing for low- and moderate-income households in the dynamic Austin economy. • To approve specific contracts beyond the General Managers contract limit, and awards, loans or grants for gap financing from Federal and City Housing Trust Funds. • To develop and establish criteria for local housing bond programs which promote the mission of AHFC and keep AHFC competitive with other local issuers.
