November 21, 2001

A Quarterly meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 9:00 a.m. on November 28, 2001, at 100 Northwest 63^rd, Will Rogers Room, Oklahoma City, Oklahoma.  The agenda for this meeting will be as follows:  

1. Ribbon Cutting Ceremony of OHFA’s new office building.

3. Announcement of the appointment of Leslie Pierce as Trustee of OHFA to serve a term ending May 1, 2005 succeeding Stephen P. Friot.

4. Consider approval of a Resolution commending Jack W. Graves for his services as Trustee of Oklahoma Housing Finance Agency. APPROVED

5. Consider approval of a Resolution commending Stephen P. Friot for his services as Trustee of Oklahoma Housing Finance Agency and Vice Chairman of the Board of Trustees of OHFA. APPROVED

6. Election of Vice Chairman JAN COLLINS

7. Consider a Resolution approving Minutes of the September 26, 2001 meeting of the Board of Trustees. APPROVED

9. Consent Docket – The following items of business may be voted upon by a single vote of the Trustees without discussion, unless and except for any item which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket:

9.1 Consider approval of a Resolution establishing the date, time, and place of OHFA’s meetings (including quarterly meetings) for calendar year 2002, and authorizing the filing of the date, time, and place with the Secretary of State, as required by December 15, 2001. APPROVED

9.2   Consider, individually, Resolutions approving the applications of each of the Owners listed on Exhibit 1 for a Final Allocation of Housing Tax Credits; authorizing the Executive Director to execute Regulatory (Extended Use) Agreements with each of the Owners approved and providing for filing and reporting of actions taken. APPROVED

9.3   Consider, individually, Resolutions approving the applications of each of the Owners listed on Exhibit 2 for a Carryover Allocation of Oklahoma’s 2001 Housing Tax Credit Authority; authorizing the execution of Carryover Allocation Agreements with each of the Owners approved. APPROVED

9.4   Consider, individually, Resolutions correcting prior Resolutions pertaining to final allocations of Northfork Village, Limited Partnership (OHFA No. 00-02-09) and Rush Creek Village, Limited Partnership (OHFA No. 00-02-10) to accurately reflect the Credit allocation year. APPROVED

9.5   Consider approval of a Resolution authorizing the Chairman to execute amendments to certain regulatory agreements pertaining to tax credit developments owned by ERC, Inc. or affiliated entities as may be required by the refinancing of said developments. APPROVED

9.6   Consider approval of a Resolution renewing and continuing the contract for legal services with the firm of Lawrence & Eason, a Professional Association, Oklahoma City, Oklahoma, to provide legal advice and representation as general counsel to the trustees of Oklahoma Housing Finance Agency, and fixing their duties and compensation. APPROVED

9.7   Consider approval of a Resolution authorizing and directing certain trustees and employees of the Oklahoma Housing Finance Agency as signatories of OHFA Bank Accounts and superseding all prior authorizations. APPROVED

9.8   Consider a Resolution approving the Consolidated Annual Contributions Contracts (“CACCs”) to OHFA by the U.S. Department of Housing and Urban Development (“HUD”), and approving and ratifying the execution of said CACC Contracts, along with any and all additional documents relating to amendments of said contracts, by the Executive Director of OHFA. APPROVED

9.9   Consider a Resolution approving the renewal and extension of contracts with service providers for OHFA’s Housing Opportunities for Persons with AIDS (“HOPWA”) Program through calendar year 2002. APPROVED

11. Consider a Resolution approving the selection of first and alternate choices of Master Servicer for the OHFA 2002 Single Family Mortgage Revenue Bond Program, as a “Related Plan of Financing;” approving form of Master Servicing Agreement and authorizing execution on behalf of the trustees and OHFA. APPROVED

12. Consider a Resolution approving the selection of first and alternate choices of Trustee Bank for the OHFA 2002 Single Family Mortgage Revenue Bond Program, as a “Related Plan of Financing.” APPROVED

13. Consider approval of a Resolution relating to OHFA’s Single Family Mortgage Revenue Refunding Bonds, Draw Down Series 2001; authorizing amendment No. 1 to Trust Indenture and other documents relating to such bonds; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED

14. Presentation of 2001C Report

15. 2002 Plan Update Report

16. Consider approval of a Resolution authorizing OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2002 Series A; authorizing the preparation of various documents relating to such bonds; approving the preparation of a Preliminary Official Statement; authorizing development of program documents; authorizing requests for proposals, if necessary; waiving competitive bidding for the bonds and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED

18. Consider individually, Resolutions approving the Applications of the Applicants (contractors and projects) described on Exhibit “A” for funding under the Fiscal Year 2001 HOME Investment Partnerships Program [Owner Occupied Rehabilitation] and authorizing contracts with said Applicants. APPROVED

20. Consider individually, Resolutions ratifying and approving the denial of the Applications of the Applicants (contractors and projects) described on Exhibit “C” for funding under the Fiscal Year 2001 HOME Investment Partnerships Program [Owner Occupied Rehabilitation]. APPROVED

21. Consider and conduct individual proceedings [pursuant to, and in accordance with, Article II of the Oklahoma Administrative Procedures Act, the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder and OHFA’s Chapter 1 and Chapter 36 Rules (OAC 330:1 and 330:36)], to consider the application for a Reservation of a portion of the State of Oklahoma’s 2001 Housing Tax Credit Authority filed by each of the Owner/Applicants identified in Exhibit “3”, attached hereto and made a part hereof by reference, and in connection therewith: (a) to make such preliminary and/or intermediate rulings as may be necessary and/or appropriate in regard to the conduct of said proceedings, including reassignment of available credits among the various set-asides;  (b) receive and hear the reports and recommendations of the Staff, the evidence and arguments of the Applicants and their representatives and, pursuant to the Oklahoma Open Meeting Act, the comments of members of the public present; and (c) at the conclusion of all testimony and evidence, consider Resolutions approving, (subject to any conditions or requirements of the Trustees) or disapproving the applications of each of said Owners/Applicants for a Reservation of a portion of the State of Oklahoma’s 2001 Tax Credit Authority; and (d) at the sole discretion of the Trustees, consider Resolutions approving binding commitments of the State’s 2002 Housing Tax Credit Authority for any of the Cycle Two Applications disapproved by this meeting.

23. Consider a Resolution approving and adopting amendments to OHFA’s Chapter 36, Affordable Housing Tax Credit Program Rules and declaring an emergency; authorizing the Executive Director to take such steps as are necessary to cause the proposed amendments, as approved to be promulgated as emergency and permanent rules of OHFA pursuant to the Oklahoma Administrative Procedures Act; authorizing certain revisions and providing for the execution of attestations and other documents as required by the Oklahoma Administrative Procedures Act and/or the office of the Administrative Rules. APPROVED

25. Report on Program Update