January 13, 2004

 A Quarterly meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 10:30 a.m. on January 21, 2004 at 100 Northwest 63rd, Will Rogers Room, 2nd floor, Oklahoma City, Oklahoma.  The agenda for this meeting will be as follows:

 

  1. Consider a Resolution approving Minutes of the November 12, 2003 meeting of the Board of Trustees.  APPROVED
  1. Certification and award presentation.
  1. Report on Housing Choice Voucher Home Ownership Program
  1. 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
  1. 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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket: APPROVED

5.1    Consider approval of a Resolution authorizing OHFA to reserve of up to One Hundred Thousand Dollars from the 2004 Affordable Housing Tax Credit Program Rural Development Set-aside for qualified owners of new construction rural developments funded under Section 515 of the Housing Act of 1949; authorizing the executive director to take such steps as may be required to carry out the actions approved herein.    

5.2    Consider a Resolution authorizing and approving the release of the Regulatory Agreement for Low-Income Housing Tax Credits creating restrictive covenants filed of record respecting the Bryant Court Apartments, 2103-2123 N. Norwood Place, City of Tulsa, Tulsa County, Oklahoma (AHTC No. 92-44). 

5.3    Consider a Resolution pertaining to the Oklahoma Housing Trust Fund Program participation construction loan previously approved for Twin Peaks, Limited Liability Company, approving an extension of the initial construction period, subject to certain terms and conditions precedent. 

5.4    Consider a Resolution pertaining to the Oklahoma Housing Trust Fund Program participation construction loan previously approved for The Housing Authority of the City of Broken Bow, approving and authorizing the establishment of OHFA bank account at 1st Bank & Trust, Broken Bow, Oklahoma to receive and disburse funds for said loan and approving an extension of the initial construction period, subject to certain terms and conditions precedent. 

  1. Consider approval of a Resolution relating to OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2003 Series A (The “2003A Bonds”); authorizing use of OHFA funds; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED
  1. Consider a Resolution approving the selection of a financial printer for the OHFA 2004 Single-Family Mortgage Revenue Bond Program, a "related plan of financing".
  1. Consider approval of a Resolution authorizing OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2004 Series A (The “2004A Bonds”) consisting of one or more series or two or more subseries; waiving competitive bidding for the sale thereof; authorizing the various documents relating to such bonds; approving the distribution of the Preliminary Official Statement; setting parameters for the price and interest rates for such bonds; providing for the funding of loans on newly constructed residences and down payment assistance and other purposes; authorizing use of OHFA funds; designating a trustee, registrar and paying agent; designating a book-running co-senior manager; establishing purchase price limits for homes financed under the Program; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED
  1. Consider a Resolution approving the transfer of the tax credit development known as Milton Terrace Apartments, Edmond, Oklahoma County, Oklahoma (AHTC No. 91-00-43), subject to certain terms and conditions precedent; authorizing and providing for the execution of documents and agreements related to said transfer. APPROVED
  1. Consider, individually, the applications for funding from the State of Oklahoma’s HOME Investment Partnership Program filed by each of the Applicants identified in Exhibit “A”, attached hereto and made a part hereof by reference, and in connection therewith: (a) make such preliminary and/or intermediate rulings as may be necessary and/or appropriate in regard to the conduct of the proceedings; (b) receive and hear the reports and recommendations of the Staff of OHFA, the evidence and arguments of the Applicants and their representatives; and (c) at the conclusion of all testimony and evidence, consider individual Resolutions approving, subject to any contingencies, conditions or requirements established by the Trustees, or disapproving the application of each of said Applicants for funding from the State of Oklahoma’s HOME Investment Partnership Program. APPROVED
  1. Consider a Resolution authorizing an Oklahoma Housing Trust Fund loan to Central Urban Development, Inc., in an amount not to exceed $245,000.00, for a period of eighteen months to construct single family house in Oklahoma County and subject to certain conditions and restrictions. APPROVED
  1. Report on 1st Quarter Budget  
  1. Report on Program Update
  1. Any business not known about or which could not have been reasonably foreseen prior to the time of posting of this Agenda.