March 24, 2005

 A meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 10:30 a.m. on March 30, 2005 at 100 Northwest 63rd, Will Rogers Conference Room, 2nd floor, Oklahoma City, Oklahoma.  The agenda for this meeting will be as follows:  

  1. Consider a Resolution approving Minutes of the January 26, 2005 meeting of the Board of Trustees.  APPROVED
  2. Certification and award presentation.
  3. 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
  4. Report on the Housing Choice Voucher Program
  5. Report on the Oklahoma African-American Homeownership Initiative Housing Fair
  6. 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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket:   APPROVED

6.1     Consider approval of a Resolution authorizing the Chairman and Secretary to take all necessary steps to ensure continued Public Officials/Employees Liability and Employment Related Practices Liability Insurance coverage. 

6.2     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.

  1. Consider a Resolution authorizing OHFA's Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2005 Series B (the “2005B 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 
  2. Consider a Resolution relating to a portion of the outstanding bonds issued for the 1994 and 1995 Single Family Mortgage Revenue Bond and Mortgage Loan Program of the OHFA; directing the staff to develop the documentation for and approving parameters for the sale of all or a portion of the GNMA Mortgage-backed securities securing those bonds combined with a refinancing and/or redemption of such bonds; and authorizing staff and OHFA officers to take such other actions as may be necessary or desirable for such purpose.  APPROVED
  3. 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
  4. Consider individually Resolutions approving the application of the borrowers set forth on Exhibit “B” for loans from the Housing Trust Fund in the maximum amounts set forth on Exhibit “B” and establishing conditions, contingencies and terms thereon.   APPROVED
  5. Consider a Resolution approving, subject to certain terms and conditions precedent, the extension of the time for commencing initial construction by Oklahoma County Home Finance Authority under its previously approved Housing Trust Fund loan.  APPROVED
  6. Consider a Resolution approving, subject to certain terms and conditions precedent the substitution of Sayre Industrial Authority for Sayre Industrial Authority-Aspen Ridge, L.L.C. as the borrower for a previously approved Housing Trust Fund loan and approving the extension of the time for commencing initial construction by the borrower.  APPROVED
  7. Consider a Resolution authorizing litigation to collect a 2002 Housing Trust Fund construction loan made to Roger Owens.  APPROVED
  8. Consider a Resolution approving and adopting amendments to OHFA’s Chapter 70. Performance Based Contract Administration Rules; authorizing the Executive Director and staff to proceed with the promulgation of said amendments as permanent rules of OHFA pursuant to the permanent rulemaking requirements of the Oklahoma Administrative Procedures Act.    APPROVED
  9. Consider a Resolution approving and adopting amendments to OHFA’s Affordable Housing Tax Credit Program Rules [OAC 330:36]; authorizing the Executive Director and staff to proceed with the promulgation of said amendments as permanent rules of OHFA pursuant to the permanent rulemaking requirements of the Oklahoma Administrative Procedures Act.  04-03-26  APPROVED
  10. Consider a Resolution approving and adopting amendments to OHFA’s Chapter 60. Oklahoma Housing Trust Fund Rules [OAC 330:60] authorizing the Executive Director and staff to proceed with the promulgation of said amendments as permanent rules of OHFA pursuant to the permanent rulemaking requirements of the Oklahoma Administrative Procedures Act.  04-03-28  APPROVED
  11. Consider a Resolution authorizing and approving annual increases of the amount of employer contributions to OHFA’s Prudential Retirement Plan in a percentage amount to equal the percentage increases in annual employer contributions to the OPERS Retirement Plan mandated by the legislature, to take effect in July, 2005 and continuing through 2010.  APPROVED
  12. Report on Program Update
  13. 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