January 25, 2005

A regularly scheduled and 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 26, 2005 at 100 Northwest 63rd, Will Rogers Room, 2nd floor, Oklahoma City, Oklahoma.  The amended agenda for this meeting will be as follows:  

1.      Consider a Resolution approving Minutes of the November 17, 2004 meeting of the Board of Trustees.    APPROVED

2.      Certification and award presentation. 

3.      Report on 2005 Housing Choice Voucher Congressional appropriation. 

4.      Report on Housing Choice Voucher-Family Self Sufficiency/Home Ownership Program. 

5.      Report on SEMAP. 

6.      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

7.      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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket: APPROVED

7.1    Consider approval of a Resolution authorizing OHFA to reserve of up to One Hundred Thousand Dollars ($100,000) from the 2005 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. 

7.2    Consider a Resolution approving the substitution of Green Companies Development Group, Inc. as the general partner of Park View Apartments, A Limited Partnership, the owner of the 24 unit RD senior family community known as Park View Apartments, Gore, County of Sequoyah, Oklahoma Wildwood Apartments, Owasso, County of Tulsa.   

7.3    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

8.      Consider a Report relating to OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2005 Series A (The “2005A Bonds”); and authorizing OHFA officers, staff and advisors to take any additional actions with respect thereto.

 

9.      Consider a Resolution approving and ratifying the selection of a financial printer for the OHFA 2005A Single-Family Mortgage Revenue Bond Program, and selecting and approving a financial printer for remaining OHFA 2005 Single-Family Mortgage Revenue Bond Program, a "related plan of financing".  APPROVED

 

10.  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

 

11.  Consider, individually, Resolutions approving modifications to the Resolutions approving an allocation of tax credits for Rockwell Villa Associates, LP and London Square Associates, LP related to requirement for Internal Revenue Code Section 42(m) letter. APPROVED

 

12.  Consider a resolution approving amendments to the By-Laws of OHFA and adopting Amended and Restated By-Laws of OHFA. APPROVED

 

13.  Consider a Resolution appointing two Trustees to the Advisory Audit Committee of OHFA. APPROVED

 

14.  Consider a Resolution approving the real estate lease agreement for the OHFA Annex Office/Warehouse building located at 127 N.W. 62; approving and ratifying the executive director’s actions taken in association with the execution of said lease agreement. APPROVED

 

15.  Report on Oklahoma Quality Award

 

16.  Report on 1st Quarter Budget 

 

17.  Report on Program Update

 

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

 

FOR THE CHAIRMAN

Dennis Shockley
Executive Director