December 1, 1998

November 24, 1998

The Agenda for the Special meeting of Oklahoma Housing Finance Agency's ("OHFA") Board of Trustees has been scheduled at 10:00 a.m. on December 1, 1998, at 1140 Northwest 63^rd, Room 403, Oklahoma City, Oklahoma. The agenda for this meeting will be as follows:

1. Consider a Resolution approving Minutes of the September 25, 1998 meeting of the Board of Trustees. APPROVED

2. Certification presentation

3. Consider a Resolution approving the selection of first and alternate choices for Underwriters for the OHFA 1999 Single Family Mortgage Revenue Bond Program, as a "Related Plan of Financing." APPROVED

4. Consider a Resolution approving the selection of first and alternate choices for Master Servicer for the OHFA 1999 Single Family Mortgage Revenue Bond Program, as a "Related Plan of Financing." APPROVED

5. Consider a Resolution approving the selection of first and alternate choices for Trustee Bank for the OHFA 1999 Single Family Mortgage Revenue Bond Program, as a "Related Plan of Financing." APPROVED

6. Consider a Resolution approving form of Request for Proposal ("RFP") for Financial Printer for the OHFA 1999 Single Family Mortgage Revenue Bond Program, as a "Related Plan of Financing." APPROVED

7. Consider a Resolution authorizing OHFA's Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 1999 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; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED

8. Consider a Resolution authorizing OHFA's Single Family Mortgage Revenue Bonds, Anticipation Series 1999; authorizing the preparation of various documents relating to such bonds; authorizing the sale of the bonds at negotiated sale and waiving competitive bidding for the bonds; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED

9. Consider a Resolution authorizing OHFA's Single Family Mortgage Revenue Refunding Bonds, Draw Down Series 1999; authorizing the various documents relating to such bonds; approving a bond purchase agreement; authorizing the sale of bonds at negotiated sale and waiving competitive bidding for the bonds; setting the price and the formula for the interest rate for such bonds; and authorizing OHFA officers staff and advisors to take certain actions with respect thereto. APPROVED

10. Consider a Resolution approving form of carryover allocation agreement for use in OHFA's tax credit program. APPROVED

11. Consider individually, pursuant to the Internal revenue Code of 1986, as amended and the rules and regulations promulgated pursuant thereto and Oklahoma Housing Finance Agency's ("OHFA's") Chapter 36: Low Income Housing tax Credit Program Rules, Resolutions approving [subject to certain terms, conditions and requirements of the Board of Trustees of OHFA (the "Trustees")] the request of each of the Owner/Applicants listed on Exhibit "A" for a Carryover Allocation of Oklahoma's 1998 Tax Credit Authority; authorizing the Executive Director, in his discretion, and after his determination that all terms, conditions and requirements of the Trustees set out in the Resolution have been satisfied, to execute, on behalf of OHFA and the Trustees, a Carryover Allocation Agreement, in the form previously approved by the Trustees or with such modifications as Staff and General Counsel may recommend and the Executive Director approve, with each of the Owner/Applicants approved for a Carryover Allocation. APPROVED

12. Consider individually, pursuant to the Internal Revenue Code of 1986, as amended and the rules and regulations promulgated pursuant thereto and Oklahoma Housing Finance Agency's ("OHFA's") Chapter 36: Low Income Housing Tax Credit Program Rules, Resolutions approving [subject to certain terms, conditions and requirements of the Board of Trustees of OHFA (the "Trustees")] the request of each of the Owner/Applicants listed on Exhibit "B" for a Final Allocation of Tax Credits; authorizing the Executive Director of OHFA, in his discretion, and after his determination that all terms, conditions and requirements of the Trustees set out in the Resolution have been satisfied, to execute, on behalf of OHFA and the Board of Trustees, Regulatory Agreements, in the form previously approved by the Trustees or with such modifications as Staff and General Counsel may recommend and the Executive Director approve, with each of the Owner/Applicants approved for a Final Allocation. APPROVED

13. Consider a Resolution approving the transfer of the ownership of tax credit development known as the Epic Project, consisting of scattered-site single family dwellings located in Tulsa, Oklahoma currently owned by Epic Properties, Inc. ("Transferor") to Thumper Properties, L.L.C., an Oklahoma limited liability company, subject to the transferor and transferee satisfying the terms conditions and requirements set fourth in this resolution; authorizing the executive director, after review and consultation with general counsel to execute on behalf of OHFA and its trustees, such documents as may be required to evidence the approval of said transfer. APPROVED

14. Consider approval of a Resolution authorizing the reservation of up to one hundred thousand dollars from the 1999 Low-Income Housing Set aside for rural developments for developments funded under Section 515 of the Housing Act of 1949 through funds made available for new construction in rural areas; and authorizing the Executive Director to enter into a Memorandum of Understanding or Agreement with Rural Housing Service as may be necessary to carry out the actions approved herein. APPROVED

15. Consider approval of a Resolution ratifying and approving the selection of contractors (and projects) for funding under the HOME Investment Partnerships Program for fiscal year 1998 and ratifying and approving the execution by the executive director of OHFA on behalf of the Board of Trustees, of HOME Program Contracts with each of said contractors. APPROVED

16. Consider approval of a Resolution authorizing the Executive Director of OHFA to approve the selection of service provider(s) to implement the Housing Opportunities for Persons with AIDS ("HOPWA") Program, subject to the acceptance of bids and the selection and approval of the service provider(s) so selected, by the Oklahoma Department of Central Services. APPROVED

17. Consider a Resolution approving the Consolidated Annual Contributions ("CACC's") to OHFA by the U.S. Department of Housing and Urban Development ("HUD"), and ratifying and approving 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

18. Consider a Resolution approving OHFA's Administrative Plan for the U.S. Department of Housing and Urban Developments ("HUD's") Section 8 Certificate and Voucher Housing Programs, as amended (the "Administrative Plan"), and authorizing and directing the staff of OHFA to submit said Administrative Plan to HUD for review and approval. APPROVED

19. Consider a Resolution approving OHFA's Chapter 50: Section 8 existing Housing Rules and authorizing and directing staff of OHFA and general counsel to take such steps as are necessary to develop and promulgate, pursuant to the Oklahoma Administrative Procedures Act, said Chapter 50 as permanent rules of OHFA for the administration of the Section 8 Certificate and Voucher Housing Programs. APPROVED

20. Consider approval of a Resolution establishing the date, time and place of Oklahoma Housing Finance Agency's meetings (including quarterly meetings) for calendar year 1999, and authorizing the filing of the date, time, and place with the Secretary of State, as required, by December 15, 1998. APPROVED

21. Report on 4^th Quarter Budget

22. Report on Section 8

23. Report on HOME Technical Assistance Grant

24. Report on Housing Trust Fund

25. Any business not known about or which could not have been reasonably foreseen prior to the time of posting of this Agenda.

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