Regular Meeting of the Board of Directors of Affordable Housing Ventures

17 September 2014, 6:30pm – 7:00pm

5300 East Paisano Drive
El Paso, Texas 79905

Meeting Agenda

Meeting Agenda

TAKE NOTICE THAT A JOINT REGULAR MEETING OF THE BOARD OF DIRECTORS OF AFFORDABLE HOUSING VENTURES, INC.  AND ITS WHOLLY-OWNED SUBSIDIARY CORPORATIONS (AS DESIGNATED ON THE LAST PAGE OF THIS AGENDA) WILL BE HELD AT 5300 EAST PAISANO, EL PASO, TEXAS WEDNESDAY, SEPTEMBER 17, 2014 AT 6:00 P.M. (OR IMMEDIATELY FOLLOWING THE HOUSING AUTHORITY OF THE CITY OF EL PASO REGULAR MEETING)

TO CONSIDER AND POSSIBLY ACT ON THE FOLLOWING:

1.  CALL TO ORDER.

2.  ESTABLISHMENT OF A QUORUM.

3.  APPROVAL OF MINUTES OF A REGULAR BOARD MEETING THAT TOOK PLACE ON APRIL 23, 2014.

4.  DISCUSSION AND ACTION TO APPROVE INTERLOCAL COOPERATION AGREEMENTS WITH THE FOLLOWING JURISDICTIONS FOR THE PURPOSES OF ACQUIRING AN INTEREST IN AND OPERATING A LOW INCOME HOUSING TAX CREDIT (LIHTC) OR HOME PROGRAM FUNDED RESIDENTIAL DEVELOPMENT WITHIN TERRITORIAL JURISDICTIONS IN EL PASO COUNTY, TEXAS YET OUTSIDE THE LIMITS OF THE CITY OF EL PASO, TEXAS.

  1. Town of Anthony, Texas

  2. Anthony Housing Authority (Anthony, Texas)

  3. El Paso County, Texas

  4. El Paso County Housing Authority (El Paso County, Texas)

  5. Town of Horizon City, Texas

  6. City of Socorro, Texas

  7. Town of Clint, Texas

5.  DISCUSSION AND ACTION TO APPROVE THE PURCHASE AND SALES AGREEMENTS AND THE CLOSING ON THE ACQUISITION OF PARTNERSHIP INTERESTS AND OTHER INTERESTS IN THE 25 LOW INCOME HOUSING TAX CREDIT (LIHTC) AND HOME PROGRAM FUNDED RESIDENTIAL DEVELOPMENTS LISTED BELOW TO BE ACQUIRED FROM INVESTMENT BUILDERS, INC. AND OR ITS AFFILIATES, AND TO AUTHORIZE THE CHIEF EXECUTIVE OFFICER TO EXECUTE ANY DOCUMENTS AND AGREEMENTS TO EFFECTUATE THE PURCHASE OF SUCH LIHTC PARTNERSHIP INTERESTS.

Development Name

Address and Location

Number of Units

Mountain Heights

3575 Lincoln Ave. El Paso, Texas 79930

31

Mission Pass

633 Dindinger Rd. Socorro, Texas 79927

36

Desert Breeze

14700 Cactus View Ct. El Paso, Texas 79928

36

NCDO I

5250 Wren Ave. El Paso, TX 79924

32

NCDO II

5250 Wren Ave. El Paso, TX 79924

16

Western Whirlwind

131 E Lake Dr. Horizon City, Texas 79928

36

Desert Villas

173 Coronado Rd El Paso, Texas 79915

94

Painted Desert

12682 Rio Negro Dr. Clint, Texas 79836

20

Notredame Hills

598 Peyton Horizon, Texas 79928

8

Patriot Hills

5725 Fairbanks Dr. El Paso, Texas 79924

22

Prado I

151 S Prado Rd El Paso, Texas 79907

64

Prado II

151 S Prado Rd El Paso, Texas 79907

16

Hillside Senior

770 Resler Drive El Paso, Texas 79912

25

Santa Lucia

596 Giles Rd. El Paso, Texas 79915

36

Tierra Socorro

560 Three Missions Dr. Socorro, Texas 79927

64

Whispering Sand

500 Omar St. Anthony, Texas 79821

36

Western Sunshine Pass

1421 Geronimo Dr. El Paso, Texas 79925

36

Cactus Rose

225 Poplar St. Anthony, Texas 79821

26

Mission Del Valle

621 Dindinger Rd. Socorro, Texas 79927

16

Arrowhead Place

5051 Trojan Dr. El Paso, Texas 79924

24

Spanish Creek 

610 Lee Trevino Dr. El Paso, Texas 79907

136

Woodchase Senior

8410 & 8411 Tigris Dr. El Paso, Texas 79907

128

Fonseca

627 Fonseca Dr. El Paso, Texas 79905

14

Geronimo Trail Townhomes

1404 Geronimo Dr. El Paso, Texas 79925

22

Canyon Square

8622 N Loop Dr.  El Paso, TX 79907

104

TOTAL  UNITS

 

1,078

6.  ADJOURNMENT.

THIS NOTICE HAS BEEN POSTED AT THE CENTRAL OFFICES OF AFFORDABLE HOUSING VENTURES, INC., 5300 EAST PAISANO DRIVE, AND NOTICE HAS BEEN PROVIDED TO THE EL PASO COUNTY CLERK MORE THAN 72 HOURS IN ADVANCE OF THE ABOVE MEETING, AS REQUIRED BY CHAPTER 551 OF THE TEXAS GOVERNMENT CODE. UPON REQUEST AFFORDABLE HOUSING VENTURES, INC. WILL PROVIDE AUXILIARY AIDS AND SERVICES SUCH AS INTERPRETERS FOR THE HEARING IMPAIRED, READERS, LARGE PRINT OR BRAILLE DOCUMENTS. THOSE REQUESTING AUXILIARY AIDS OR SERVICES MAY NOTIFY SERGIO VASQUEZ, EQUAL OPPORTUNITY COORDINATOR, AT (915) 849-3820, OR SVASQUEZ@HACEP.ORG AT LEAST 48 HOURS PRIOR TO THE MEETING. SIMULTANEOUS ENGLISH/SPANISH TRANSLATION IS PROVIDED AT ALL REGULAR MEETINGS OF THE BOARD OF DIRECTORS OF AFFORDABLE HOUSING VENTURES, INC.

NOTE:   THE WHOLLY-OWNED CORPORATIONS OF AFFORDABLE HOUSING VENTURES, INC. THAT WILL BE MEETING JOINTLY AND SIMULTANEOUSLY WITH THE BOARD OF DIRECTORS OF AFFORDABLE HOUSING VENTURES, INC. AT THIS MEETING ARE AS FOLLOWS:

Development Name

Affordable Housing Ventures as Sole Shareholder of the Following Corporations

Mountain Heights

Paisano Mountain Heights, INC.

Mission Pass

AHV Mission Pass, Inc.

Desert Breeze

AHV Desert Breeze, Inc.

NCDO I

AHV NCDO I, Inc.

NCDO II

AHV NCDO II, Inc.

Western Whirlwind

AHV Western Whirlwind, Inc.

Desert Villas

AHV Desert Villas, Inc.

Painted Desert

AHV Painted Desert, Inc.

Notredame Hills

AHV Notredame Hills, Inc.

Patriot Hills

AHV Patriot Hills, Inc.

Prado I

AHV Prado I, Inc.

Prado II

AHV Prado II, Inc.

Hillside Senior

AHV Hillside Senior, Inc.

Santa Lucia

AHV Santa Lucia, Inc.

Tierra Socorro

AHV Tierra Socorro, Inc.

Whispering Sand

AHV Whispering Sands, Inc.

Western Sunshine Pass

AHV Western Sunshine Pass, Inc.

Cactus Rose

AHV Cactus Rose, Inc.

Mission Del Valle

AHV Mission Del Valle, Inc.

Arrowhead Place

AHV Arrowhead Place, Inc.

Spanish Creek 

AHV Spanish Creek, Inc.

Woodchase Senior

AHV Woodchase Senior, Inc.

Fonseca

AHV Fonseca, Inc.

Geronimo Trail Townhomes

AHV Geronimo Trails Townhomes, Inc.

Canyon Square

AHV Canyon Square, Inc.

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Housing Authority of the City of El Paso

5300 East Paisano Drive
El Paso, TX 79905
United States

Monday-Friday, 8 a.m. – 5 p.m.

(915) 849-3742

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