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August Board Meeting To be held at the offices of

Texas State Affordable Housing Corporation 2200 East Martin Luther King Jr. Blvd.

Austin, TX 78702

Thursday, August 20, 2015 10:30 a.m.

BOARD MEETING TEXAS STATE AFFORDABLE HOUSING CORPORATION

To be held at the offices of Texas State Affordable Housing Corporation

2200 East Martin Luther King Jr. Blvd Austin, Texas 78702

August 20, 2015 at 10:30 am CALL TO ORDER, ROLL CALL Bob Jones CERTIFICATION OF QUORUM Chair The Board of Directors of Texas State Affordable Housing Corporation will meet to consider and possibly act on the following: PUBLIC COMMENT AUDIT COMMITTEE REPORT Bill Dietz Committee Chair PRESIDENT’S REPORT David Long

Tab A: Homeownership Finance Report Tab B: Development Finance Report Tab C: Quarterly Compliance and Resident Services reports Tab D: Monthly Budget and Investment Reports

ACTION ITEMS IN OPEN MEETING: Tab 1 Presentation, Discussion and Possible Approval of Minutes of the Board Meeting held on July 9, 2015. Tab 2 Presentation, Discussion and Possible Approval of the Fiscal Year 2016 Operating Budget. Tab 3 Presentation, Discussion and Possible Approval of the Audit Committee Guidelines. Tab 4 Presentation, Discussion and Possible Approval of the Corporation’s Loan Program Policies for the Texas Housing

Impact Fund. CLOSED MEETING: Consultation with legal counsel on legal matters – Texas Government Code § 551.071 Deliberation regarding purchase, exchange, lease, or value of real property – Texas Government Code § 551.072 Deliberation regarding prospective gift or donation to the state or Texas State Affordable Housing Corporation – Texas Government Code § 551.073 Personnel Matters – Texas Government Code § 551.074 Implementation of security personnel or devices – Texas Government Code § 551.076 Other matters authorized under the Texas Government Code OPEN MEETING: Action in Open Meeting on Items Discussed in Closed Meeting ADJOURN: Individuals who require auxiliary aids or services for this meeting should contact Laura Ross, ADA Responsible Employee, at 512-477-3560 or Relay Texas at 1-800-735-2989 at least two days before the meeting so that the appropriate arrangements can be made. Texas State Affordable Housing Corporation reserves the right to recess this meeting (without adjourning) and convene at a later stated time, if and to the extent allowed by law. If Texas State Affordable Housing Corporation adjourns this meeting and reconvenes at a later time, the later meeting will be held in the same location as this meeting. Texas State Affordable Housing Corporation also reserves the right to proceed into a closed meeting during the meeting in accordance with the Open Meetings Act, Chapter 551 of the Texas Government Code. If permitted by the Open Meetings Act, Chapter 551 of the Texas Government Code, any item on this Agenda to be discussed in open meeting may also be discussed by the Board (and any other authorized persons) in closed meeting.

PRESIDENT’S REPORT

Homeownership Program with Downpayment AssistanceJanuary 1, 2015 to July 31, 2015

Month Originated # of Loans % Total At a Glance January $11,182,199 93 9% Total Amount Originated $133,248,573February $15,040,357 124 12% Average Annual Income $43,306March $16,277,422 137 13% Average Purchase Price $127,372April $17,159,421 139 13% Average Loan Amount $124,183May $20,741,034 165 15% Average Household Size 2June $23,032,300 185 17% Average Interest Rate 4.900%July $29,815,840 230 21% Program %Totals $133,248,573 1073 100% Home Sweet Texas (80% AMFI) 63.56%

Homes for Texas Heroes 36.44%Lender Originated # of Loans % Total Teacher 24.98%

PrimeLending $14,602,219 123 11% Peace Officer 2.98%Cornerstone Home Lending, Inc. $13,058,302 103 10% Corrections Officer 2.52%NTFN, Inc. $12,246,501 97 9% Fire Fighter 1.96%Everett Financial, dba Supreme Lending $11,806,020 82 8% Veteran 1.77%Guild Mortgage Corporation $7,560,098 65 6% Teacher's Aide 0.37%Fairway Independent Mortgage Corporation $5,306,807 51 5% School Counselor 0.37%First Community Mortgage $4,685,539 44 4% County Jailer 0.37%WR Starkey Mortgage, LLP $4,645,007 39 4% Professional Nursing Faculty 0.28%Gateway Mortgage Group, LLC $4,046,731 33 3% EMS Personnel 0.28%SFMC, LP (Service First Mortgage) $3,844,015 32 3% School Nurse 0.19%Highlands Residential Mortgage $3,836,583 28 3% Public Security Officer 0.19%Nations Reliable Lending, LLC $3,519,117 26 2% Allied Health Faculty 0.19%Georgetown Mortgage, LLC $3,132,394 21 2% School Librarian 0.00%Hometrust Mortgage Company $2,452,703 19 2% New/Existing HomeWells Fargo Bank, N.A. $2,316,261 23 2% Existing 88.26%Rocky Mountain Mortgage Company $2,305,853 19 2% New 11.74%Primary Residential Mortgage, Inc. $2,061,025 18 2% Type of LoanDHI Mortgage Company, Ltd. $2,013,764 14 1% FHA Purchase 85.55%Cendera Funding, Inc. $1,963,403 17 2% Conventional Purchase 10.81%SWBC Mortgage Corporation $1,742,494 15 1% VA Purchase 2.42%Houstonian Mortgage Group, Inc. $1,696,704 14 1% USDA RHS Purchase 1.03%Academy Mortgage Corporation $1,667,384 15 1% FHA Refinance 0.19.%Castle and Cooke Mortgage $1,616,638 12 1% EthnicityArk La Tex Financial (Benchmark Mtg.) $1,541,777 12 1% White 44.72%Northstar Bank Mortgage $1,380,550 10 1% Hispanic 37.74%Pulte Mortgage LLC $1,363,387 9 1% Black 15.24%New American Funding (Broker Solutions) $1,143,008 9 1% Asian/Pacific Islander 1.07%loanDepot $1,060,185 7 1% Not Defined 0.70%Mortgage Financial Services, LLC $982,594 7 1% American Indian/Alaskan Native 0.38%Bay Equity LLC $765,012 6 1% Other 0.14%Legacy Mortgage, LLC $725,829 7 1% Top 20 Originating Counties # of LoansAspire Financial, Inc. $703,219 5 0% Tarrant 122Interlinc Mortgage Services, LLC $682,969 6 1% Dallas 121Affiliated Bank $667,674 6 1% El Paso 119American Financial Network, Inc. $642,153 5 0% Harris 115Network Funding, LP $632,893 4 0% Bexar 101Home Community Mortgage $585,734 4 0% Bell 42First National Bank $538,268 6 1% Denton 41Stonegate Mortgage Corporation $534,340 5 0% Travis 36First California Mortgage Co (FirstCal) $482,918 4 0% Cameron 35V.I.P. Independent Mortgage, Inc. $428,101 3 0% Williamson 26Community Trust Bank $427,542 3 0% Hidalgo 26Fidelity Bank $399,922 4 0% Collin 23Open Mortgage LLC $395,698 3 0% Montgomery 17Resmac, Inc. $391,672 3 0% Webb 15Evolve Bank & Trust $378,025 2 0% Johnson 14Movement Mortgage, LLC $313,411 3 0% Hays 12Universal American Mortgage Company, LLC $307,958 2 0% Grayson 12Sente Mortgage Inc. $307,680 2 0% McLennan 11Loan Simple, Inc. $251,808 2 0% Brazoria 10First Choice Loan Services, Inc. $250,355 1 0% Taylor 10City Bank Mortgage $236,044 2 0%Texas Bank Mortgage Company $232,308 2 0%

Homeownership Program with Downpayment AssistanceJanuary 1, 2015 to July 31, 2015

Lender Originated # of Loans % TotalColonial Savings, F.A. $221,906 2 0%Summit Funding, Inc. $211,105 2 0%K Hovnanian American Mortgage, LLC $190,018 1 0%HomeBridge Financial Services $171,830 1 0%Residential Bancorp $167,226 1 0%Willow Bend Mortgage Company, LLC $163,975 1 0%BancorpSouth Bank $156,750 1 0%Stearns Lending, Inc. $137,464 1 0%Tri State Mortgage Company $137,464 1 0%The Home Lending Group, LLC $136,383 1 0%The Lending Partners, LLC $132,712 2 0%IberiaBank Mortgage Company $129,200 1 0%New Penn Financial, LLC $127,645 1 0%Americash dba AC Residential Lending $119,790 1 0%1st Preference Mortgage Corporation $104,900 1 0%Jefferson Bank $61,609 1 0%Total Committed $133,248,573 1073 100%

2014A Mortgage Credit Certificate ProgramMarch 17, 2014 to June 30, 2015

Month Originated # of Loans % Total At a Glance March 14 $1,758,328 14 3% Total Amount Originated $60,972,956April 14 $2,977,835 22 5% Average Annual Income $42,923May 14 $3,500,608 25 5% Average Purchase Price $136,981June 14 $4,480,109 35 8% Average Loan Amount $132,262July 14 $4,414,724 34 7% Average Household Size 2August 14 $3,646,487 28 6% Average Interest Rate 4.579September 14 $5,061,803 39 8% Program %October 14 $5,255,449 41 9% Home Sweet Texas (80% AMFI) 69.41%November 14 $3,739,450 28 6% Homes for Texas Heroes 30.59%December 14 $2,603,788 19 4% Teacher 19.31%January 15 $2,989,486 22 5% Peace Officer 2.82%February 15 $3,877,794 28 6% Corrections Officer 2.60%March 15 $3,975,218 31 7% Veteran 2.60%April 15 $4,971,146 38 8% Fire Fighter 1.74%May 15 $4,192,900 30 7% Professional Nursing Faculty 0.65%June 15 $3,527,831 27 6% EMS Personnel 0.43%

Totals $60,972,956 461 100% Teacher's Aide 0.22%Public Security Officer 0.22%

Lender Originated # of Loans % Total School Counselor 0.00%Cornerstone Home Lending, Inc. $10,298,244 77 17% Allied Health Faculty 0.00%Everett Financial, dba Supreme Lending $4,583,969 32 7% County Jailer 0.00%DHI Mortgage Company, Ltd. $3,419,094 23 5% School Librarian 0.00%WR Starkey Mortgage, LLP $3,242,463 29 6% School Nurse 0.00%PrimeLending $2,965,015 21 5% New/Existing HomeGuild Mortgage Corporation $2,717,263 22 5% Existing 71.15%Home Community Mortgage $2,021,729 13 3% New 28.85%Fairway Independent Mortgage Corporation $2,012,241 18 4% Type of LoanNTFN, Inc. $2,001,128 14 3% FHA Purchase 75.92%Wells Fargo Bank, N.A. $1,961,957 17 4% Conventional Purchase 11.28%Northstar Bank Mortgage $1,959,990 15 3% USDA RHS Purchase 9.54%Houstonian Mortgage Group, Inc. $1,531,533 13 3% VA Purchase 3.25%Nations Reliable Lending, LLC $1,504,874 9 2% EthnicityUniversal American Mortgage Company, LLC $1,436,719 10 2% White 39.76%SFMC, LP (Service First Mortgage) $1,217,021 10 2% Hispanic 35.52%Gateway Mortgage Group, LLC $1,189,315 9 2% Black 20.03%Pulte Mortgage LLC $1,187,637 8 2% Asian/Pacific Islander 2.65%Highlands Residential Mortgage $1,068,770 8 2% Not Defined 1.42%Sun West Mortgage Company, Inc. $1,012,066 7 2% American Indian/Alaskan Native 0.32%Network Funding, LP $968,764 7 2% Other 0.30%Open Mortgage LLC $878,460 6 1% Top 20 Originating Counties # of LoansInterlinc Mortgage Services, LLC $874,751 6 1% Harris 109Primary Residential Mortgage, Inc. $744,412 7 2% Dallas 57First California Mortgage Co (FirstCal) $700,896 7 2% Bexar 41Sente Mortgage Inc. $669,160 5 1% Tarrant 40Georgetown Mortgage, LLC $647,105 5 1% Travis 36Hometrust Mortgage Company $548,823 4 1% Williamson 22Republic State Mortgage Co. $531,518 4 1% Collin 17Aspire Financial, Inc. $524,324 4 1% Fort Bend 17Affiliated Bank $523,939 5 1% Grayson 11SWBC Mortgage Corporation $483,894 3 1% Hays 11Nationstar Mortgage LLC $469,762 3 1% Denton 10Texas Bank Mortgage Company $459,427 4 1% Bell 9Movement Mortgage, LLC $399,396 4 1% Cameron 8Academy Mortgage Corporation $365,485 2 0% El Paso 7American Financial Network, Inc. $285,728 2 0% McLennan 5New American Funding (Broker Solutions) $280,798 2 0% Hidalgo 5Cendera Funding, Inc. $274,829 2 0% Ellis 5Castle and Cooke Mortgage $260,409 2 0% Webb 5Wallick and Volk, Inc. $248,660 2 0% Comal 4BancorpSouth Bank $248,572 2 0% Bastrop 4Bank of America, N.A. $236,624 3 1%

2014A Mortgage Credit Certificate ProgramMarch 17, 2014 to June 30, 2015

Lender Originated # of Loans % TotalW.J. Bradley Mortgage Capital, LLC $226,716 2 0%Bay Equity LLC $225,833 2 0%First Choice Loan Services, Inc. $200,527 2 0%loanDepot $182,460 1 0%The Home Lending Group, LLC $180,175 1 0%Palm Lending LLC $177,175 1 0%First National Bank $154,106 1 0%Community Trust Bank $152,618 1 0%The Lending Partners, LLC $151,210 1 0%Willow Bend Mortgage Company, LLC $135,050 1 0%One Mortgage, Inc. $115,862 1 0%Legacy Mortgage, LLC $114,460 1 0%Total Committed $60,972,956 461 100%

Total Allocation $62,500,000Remaining to Commit $1,527,044

2014A Mortgage Credit Certificate ProgramJune 1, 2015 to August 12, 2015

Month Originated # of Loans % Total At a Glance June $2,159,756 16 17% Total Amount Originated $13,267,876July $8,274,540 60 63% Average Annual Income $36,281August $2,833,580 20 21% Average Purchase Price $144,711Totals $13,267,876 96 100% Average Loan Amount $138,207

Average Household Size 2Lender Originated # of Loans % Total Average Interest Rate 4.708

Cornerstone Home Lending, Inc. $2,064,375 14 15% Program %PrimeLending $1,438,660 12 13% Home Sweet Texas (80% AMFI) 76.04%Nations Reliable Lending, LLC $853,222 5 5% Homes for Texas Heroes 23.96%Primary Residential Mortgage, Inc. $812,941 7 7% Teacher 15.63%WR Starkey Mortgage, LLP $675,548 5 5% Peace Officer 2.08%SFMC, LP (Service First Mortgage) $663,102 5 5% Veteran 2.08%Georgetown Mortgage, LLC $657,901 4 4% Fire Fighter 2.08%NTFN, Inc. $526,581 3 3% Corrections Officer 1.04%First California Mortgage Co (FirstCal) $519,511 3 3% Professional Nursing Faculty 1.04%Home Community Mortgage $458,789 3 3% EMS Personnel 0.00%Fairway Independent Mortgage Corporation $440,934 4 4% Teacher's Aide 0.00%First Choice Loan Services, Inc. $433,472 3 3% Public Security Officer 0.00%Open Mortgage LLC $423,304 3 3% School Counselor 0.00%Everett Financial, dba Supreme Lending $377,787 3 3% Allied Health Faculty 0.00%Sente Mortgage Inc. $321,564 2 2% County Jailer 0.00%Highlands Residential Mortgage $299,755 2 2% School Librarian 0.00%Gateway Mortgage Group, LLC $270,538 2 2% School Nurse 0.00%Northstar Bank Mortgage $266,910 2 2% New/Existing HomeNew American Funding (Broker Solutions) $218,900 1 1% Existing 76.04%Aspire Financial, Inc. $192,449 2 2% New 23.96%Movement Mortgage, LLC $159,030 1 1% Type of LoanCendera Funding, Inc. $146,301 1 1% FHA Purchase 78.13%Hometrust Mortgage Company $139,918 1 1% Conventional Purchase 12.50%Bay Equity LLC $139,650 1 1% USDA RHS Purchase 7.29%Houstonian Mortgage Group, Inc. $129,609 1 1% VA Purchase 2.08%Wells Fargo Bank, N.A. $128,000 1 1% EthnicityAffiliated Bank $117,826 1 1% Hispanic 41.49%Interlinc Mortgage Services, LLC $110,953 1 1% White 37.72%Republic State Mortgage Co. $106,150 1 1% Black 17.82%Guild Mortgage Corporation $95,645 1 1% Asian/Pacific Islander 1.71%Mortgage Financial Services, LLC $78,551 1 1% Other 1.25%Total Committed $13,267,876 96 100% Not Defined 0.00%

American Indian/Alaskan Native 0.00%Total Allocation $125,000,000 Top 20 Originating Counties # of Loans

Remaining to Commit $111,732,124 Harris 15Dallas 9Travis 7Bexar 7Denton 7El Paso 6Hays 5Bell 4Collin 4Fort Bend 4Tarrant 4Montgomery 3Williamson 3Kaufman 2Hidalgo 2Webb 2Hopkins 1Ector 1Titus 1Nueces 1

Texas State Affordable Housing CorporationDevelopment Finance Programs Report

August 2015

Affordable Communities of Texas Program On August 13th TSAHC donated our final home through the ACT Veteran�s Initiative to a disabled Veteran in Killeen, Texas. We now have completed eleven donation ceremonies and sold nearly seventy homes to low and moderate income veteran families through this program. We have nine more homes under contract or available for sale. Since new homes will not be available from Bank of America in the foreseeable future, the program will likely conclude by the end of 2015. The ACT program received its first property donation from a private individual. The property, located in Cleburne, Texas will be considered for redevelopment or re-sale to generate program income for ACT. The transaction also provides us with a template to encourage additional donations from individuals and private entities in the future. Staff is also laying the groundwork for utilizing a $500,000 equity equivalent investment provided by Texas Community Bank. Staff is having conversations with existing partners in San Antonio and Harlingen about utilization of funds, and new relationships are being nurtured in Laredo, Texas. Staff anticipates having the first project home identified before the end of 2015. Finally, staff is very busy processing contracts for NSP homes that are ready for sale. Although the process of selling these properties continues to be challenging, we have seen an up-tick in interest from qualified homebuyers in recent months.

Program Portfolio as ofJuly 1, 2015 Acquired Sold Current

Portfolio Current Portfolio Value

ACT Land Bank 84 1 0 85 $1,369,154.67ACT Land Trust 60 0 0 60 $650,000.00Texas NSP 251 0 1 250 $4,738,338.66Veteran's Initiative 10 0 1 9 $710,410.00Totals 405 1 2 404 $7,467,903.33 Lending Programs The new Texas Housing Impact Fund policy is scheduled to be reviewed at this board meeting. If approved, the new policy will be followed up with a significant re-branding campaign and updates to several key documents for the program with the hope of generating more interest and loan activity. Multifamily Bond Programs The Woodside Village Apartments project is moving forward . The applicant and staff have started drafting the application to the Texas Bond Review Board for reservation of bonds, and we anticipate submitting the reservation request before August 24. Once the reservation is granted, a public hearing will be scheduled in Palestine, Texas. Additionally, staff attended the 2015 Texas Association of Affordable Housing Providers conference to network and promote our bond programs.

Compliance Report QTR 2 - 2015

Pine Club (Beaumont) Ridgewood (Huntsville) Saddlewood Club (Bryan)LI Occupancy 100.0% 100.0% 100.0%Total (100% Required) 100.0% 100.0% 100.0%

Tealwood Club (Wichita Falls) Willowgreen (Houston) Woodglen Park (Dallas)LI Occupancy 100.0% 100.0% 100.0%Total (100% Required) 100.0% 100.0% 100.0%

Commonwealth Cezar Chavez Foundation White Rock (San Antonio) Aguila Oaks (San Antonio)

VLI Occupancy (20% Required) 21.4% VLI Occupancy (20% Required) 20.8%LI Occupancy 77.4% LI Occupancy 77.2%Total (75% Required) 77.4% Total (75% Required) 77.2%

Odyssey Properties Mary Lee FoundationMarshall Meadows (San Antonio) The Willows

LI Occupancy 63.2% VLI Occupancy (20% Required) 89.0%Total (40% Required) 63.2% LI Occupancy 100.0%

Total (100% Required) 100.0%GESC

Rita BlancaVLI Occupancy (20% Required) 39.30%LI Occupancy 100%Total (100% Required) 100%

Chaparral Village (Odessa) Cove Village (Copperas Cove) El Nido (El Paso)LI Occupancy 100.0% 100.0% 100.0%Total (100% Required) 100.0% 100.0% 100.0%

Garden (Lubbock) High Plains (Lubbock) Jose Antonio Escajeda (El Paso)LI Occupancy 100.0% 100.0% 100.0%Total (100% Required) 100.0% 100.0% 100.0%

Los Ebanos (Brownsville) River Park (Lampasas Peppertree (Fort Worth)LI Occupancy 100.0% 100.0% 100.0%Total (100% Required) 100.0% 100.0% 100.0%

Salem Village (Victoria) Sierra Vista (El Paso) Spring Terrace (Amarillo)LI Occupancy 100.0% 100.0% 100%Total (100% Required) 100.0% 100.0% 100.0%

Win-Lin Village (Amarillo)LI Occupancy 100.0%Total (100% Required) 100.0%

Quarterly Compliance Status for TSAHCAs of the 2nd Quarter Ending June 30, 2015.

DALCOR

Rainbow

Notes:

1 of 1

Resident Services Report QTR 2 2015

Pine Club (Beaumont) Ridgewood (Huntsville) Saddlewood Club (Bryan)Number of Services

Required 6 6 6Number of Services

Provided 17 16 15

Tealwood Club (Wichita Falls) Willowgreen (Houston) Woodglen Park I & II (Dallas)Number of Services

Required 6 6 6Number of Services

Provided 14 15 16

Commonwealth Cesar Chavez Foundation GESCWhite Rock (San Antonio) Aguila Oaks (San Antonio) Rita Blanca (Dalhart)

Number of Services Required 6 6 6

Number of Services Provided 41 15 13

Odyssey Properties Mary Lee FoundationMarshall Meadows (San Antonio) The Willows

Number of Services Required 6 5

Number of Services Provided 14 43

Chaparral Village (Odessa) Cove Village (Copperas Cove) El Nido (El Paso) Garden Apartments (Lubbock) Number of Services

Required 5 5 5 5Number of Services

Provided 21 23 23 23

High Plains (Lubbock) Jose Antonio Escajeda (El Paso) Los Ebanos (Brownsville) Peppertree (Fort Worth)Number of Services



River Park (Lampasas) Salem Village (Victoria) Sierra Vista (El Paso) Spring Terrace (Amarillo)Number of Services



Win-Lin Village (Amarillo)Number of Services

Required 5Number of Services

Provided 23

Notes:

TSAHC - Quarterly Resident Services SummaryAs of the 2nd Quarter Ending June 30, 2015.

DALCOR

Rainbow Housing

1 of 11


Property Type of Service Description ProviderNumber of Attendees

Date Provided

Points Assigned

After School Program School Care program will be opened daily with the exception of holidays and special school day observances. The After School Program will run 180 days per year following the regular school days calendar. Program will run from 3:15 pm to 5:45 pm, Monday through Friday. Students in grade Kindergarten through 5th may participate. Families must register each of their students into the program. Students will be required to sign in and out each day they attend.Cesar Chavez Foundation 16 4/6/2015 2Computer Literacy Activities include basic to proficient computer skills, web browsing and informational searches, email account creation, typing and document formatting. Classes will be offered from 3:30 pm to 4:15 pm to resident youth from grades Kindergarten through 5th. Students will be required to sign in and out of program including their apartment number.Cesar Chavez Foundation 16 4/2/2015 1Health & Nutrition Educational activities that promote understanding, attitudes, and practices consistent with individual, family and community health needs. They may include environmental health, physical health, social health, emotional health, intellectual health, spiritual health and nutrition. The Health & Nutrition classes are offered every Thursday from 3:30 pm to 4:15 pm. Students in grade Kindergarten through 5th may participate. Families must register each of their students into the program. Students will be required to sign in and out each day they attend.Cesar Chavez Foundation 11 4/10/2015 1Onsite Library A children€™s library will be available within the properties SSPLC. Student€™s ages 5 to 18 years of age will be able to check out book for their reading pleasure, school assignments, etc. Library books held within the SSPLC will be grade level appropriate and range from fiction, nonfiction, science fiction, etc. The Onsite Children€™s Library will be available within the properties SSPLC. Children ages 5 to 18 years of age may come to the SSPLC Monday through Friday between the hours of 3:15 pm and 5:45 pm to check out books. Children will be able to check out up to two books for a period of seven days when they will be due back to the SSPLC. library. Students may recheck out books as long as they continue to keep their account in good standing. Parents will be required to sign a permission slip allowing their child this responsibility and service.Cesar Chavez Foundation 10 4/2/2015 1

Career Svcs Outreach- Job Readiness Workforce Center,Womens Christian Job Corps, Cory Learning Center80 4/3/2015 1Career Svcs RHAC 80 4/9/2015 0Personal Development Outreach- Adult Education Odessa College, Cory Learning Center 80 4/3/2015 1Domestic Skills RHAC 80 4/16/2015 1Medical & Health Svcs RHAC 80 4/23/2015 1Community Awareness RHAC 80 4/30/2015 1Children's SVcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 30 4/6/2015 1Direct Support Rent Assistance Catholic Charities 2 4/8/2015 1Direct Support Utility Assistance Salvation Army/Mission Odessa 2 4/10/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Lampasas Higher Education 50 4/3/2015 1Personal Development Outreach- Adult Education Central Texas College, Ministerial Alliance 50 4/3/2015 1Domestic Skills Housing RHAC 50 4/16/2015 1Medical & Health Svcs Housing RHAC 50 4/23/2015 1Community Awareness Housing RHAC 50 4/30/2015 1Children's SVcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 17 4/6/2015 1Direct Support Rent Assistance Benevolence House 1 4/7/2015 1Direct Support Utility Assistance Salvation Army 1 4/13/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 104 4/3/2015 1Personal Development Outreach Adult Education San Jacinto Learning Center, El Paso Community College104 4/3/2015 1Domestic Skills RHAC 104 4/16/2015 1Medical & Health Svcs RHAC 104 4/23/2015 1Community Awareness RHAC 104 4/30/2015 1Children's SVcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 43 4/6/2015 1Direct Support Rent Assistance El Paso- General Assistance 2 4/8/2015 1Direct Support Utility Assistance Catholic Charities 2 4/10/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Goodwill Industries 62 4/3/2015 1Personal Development Outreach- Adult Education Region 17, Catholic Charities, Goodwill Industries 62 4/3/2015 1Domestic Skills presented by Rainbow Housing RHAC 62 4/16/2015 1Medical & Health Svcs presented by Rainbow Housing RHAC 62 4/23/2015 1Community Awareness presented by Rainbow Housing RHAC 62 4/30/2015 1Children's SVcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 58 4/6/2015 1Direct Support Rent Assistance Catholic Charities 1 4/9/2015 1Direct Support Utility Assistance Salvation Army 2 4/15/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Goodwill Industries 100 4/3/2015 1Personal Development Outreach- Adult Education Region 17, Catholic Charities, Goodwill Industries 50 4/3/2015 1Domestic Skills Housing RHAC 50 4/16/2015 1Medical & Health Svcs Housing RHAC 50 4/23/2015 1Community Awareness Housing RHAC 50 4/30/2015 1Children's Svcs. RHAC 17 4/6/2015 1Children's Svcs. Youth- Bus Ministry: Every Sunday Faith Baptist Church 10 4/5/2015 1Direct Support Rent Assistance Catholic Charities 1 4/10/2015 1Direct Support Utility Assistance Salvation Army/Redbud Baptist Church 2 4/14/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 94 4/3/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso Community College, Project Bravo94 4/3/2015 1Domestic Skills Housing RHAC 94 4/16/2015 1Medical & Health Svcs Housing RHAC 94 4/23/2015 1Community Awareness Housing RHAC 94 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 17 4/6/2015 1Direct Support Rent Assistance Catholic Charities 1 4/9/2015 1Direct Support Utility Assistance Project Bravo, El Paso General Assistance 2 4/13/2015 1

Career Svcs Outreach- Job Readiness Cameron Works, Brownsville Literacy Council 65 4/3/2015 1Personal Development Outreach- Adult Education Cameron Works, Brownsville Literacy Council 65 4/3/2015 1Domestic Skills Housing RHAC 65 4/16/2015 1Medical & Health Svcs Housing RHAC 65 4/23/2015 1Community Awareness Housing RHAC 65 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 73 4/6/2015 1Direct Support Utility Assistance Catholic Charities 2 4/10/2015 1Direct Support Emergency Food Assistance Neighborhood House 2 4/17/2015 1

Garden Apartments

High Plains Apartments

April Resident Services

Chaparral Village

Aguila Oaks Apartments

Cove Village Apartments

El Nido Apartments

Jose Antonio Escajeda

Apartments

Los Ebanos Apartments

2 of 11



Date Provided

Points Assigned

Case Management Resident Intake HCS 4 4/21/2015 1Community Resident Easter Social HCS 50 4/21/2015 1Homework Assistance After School Program HCS 3 4/7/2015 2

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 148 4/3/2015 1Personal Development Outreach- Adult Education Ft. Worth ISD, Cornerstone Network, Tarrant County College, Ladder Alliance148 4/3/2015 1Domestic Skills Housing RHAC 148 4/16/2015 1Medical & Health Svcs Housing RHAC 148 4/23/2015 1Community Awareness Housing RHAC 148 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 45 4/6/2015 1Direct Support Rent Assistance Catholic Charities 1 4/9/2015 1Direct Support Utility Assistance Storehouse 2 4/17/2015 1

Fax / Copy Svc resident using machine to fax and make copies Pine Club 5 4/1/2015 1Neighborhood Watch monthly meeting with residents Pine Club/Det. Sanders 0 4/23/2015 1Valet Trash pick up door to door trash Pine Club 232 4/1/2015 1Nutrition Class teaching residents how to cook healthy without using a stove Nutrition Svcs 0 4/14/2015 1Afterschool program serve each person a meal; assist with homework; games and crafts YYAFA 50 4/1/2015 2

Fax/Copy Services Provide Copy and Fax services to all applicants and residents Ridgewood Staff 8 4/1/2015 1Business Center Computer Resource Center Ridgewood Staff 21 4/1/2015 1Notary Services Notarize documents to applicants and residents Daniel Nelson 8 4/1/2015 1Community Safety Meeting Personal Safety Tips- Simple But Often Ignored Ridgewood Staff 2 4/23/2015 1Blood Pressure Health Screenings Provide Blood Pressure and Health Screenings Huntsville Health Care Center 4 4/17/2015 1

Notary Frances Frances 28 4/1/2015 1Library Frances Frances 28 4/1/2015 1WIC WIC Educational class Wic 5 4/15/2015 1Exercise Exercise class Frances 4 4/17/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Lampasas Higher Education 100 4/3/2015 1Personal Development Outreach- Adult Education Central Texas College, Lampasas ISD 50 4/3/2015 1Domestic Skills Housing RHAC 50 4/16/2015 1Medical & Health Svcs Housing RHAC 50 4/23/2015 1Community Awareness Housing RHAC 50 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 21 4/6/2015 1Direct Support Rent Assistance Lampasas Mission 1 4/8/2015 1Direct Support Utility Assistance Salvation Army 1 4/10/2015 1

Fax/Copy Services Provide fax and copy services to all residents and applicants Saddlewood Staff 4 5/1/2015 1Notary Services Provide notary service to all applicants and residents Lee Ann Rodgers & Maria Rios 8 5/1/2015 1Notary Services Provide notary service to all applicants and residents Maria Rios 7 5/1/2015 0Business Center Computer Resource Center Saddlewood Staff 11 5/1/2015 1Valet Trash Service Door to door pickup Saddlewood Maintenance 232 5/1/2015 1

Salem Village Career Svcs Outreach- Job Readiness Workforce Center, Victoria College 210 4/3/2015 1Personal Development Outreach- Adult Education Victoria College, Victoria Literacy Council 105 4/3/2015 1Domestic Skills Housing RHAC 105 4/16/2015 1Medical & Health Svcs Housing RHAC 105 4/23/2015 1Medical & Health Svcs Victoria Co.- Cooperative Extension Services 5 4/29/2015 1.Community Awareness Housing RHAC 105 4/30/2015 1Children's Svcs After School Tutoring Program: Mon.- Thurs. Midcoast Family Svcs. 15 4/1/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 25 4/6/2015 1Direct Support Rent Assistance Victoria Comm. Action Agency 2 4/10/2015 1Direct Support Utility Assistance Salvation Army 1 4/13/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 212 4/3/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso Community College, Project Bravo106 4/3/2015 1Domestic Skills Housing. RHAC 106 4/16/2015 1Medical & Health Svcs Housing. RHAC 106 4/23/2015 1Community Awareness Housing. RHAC 106 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 34 4/6/2015 1Direct Support Rent Assistance El Paso-General Assistance 1 4/7/2015 1Direct Support Utility Assistance Project Bravo 1 4/14/2015 1

Ridgewood

Rita Blanca

Saddlewood Club

Peppertree Acres Apartments

River Park Village

Marshall Meadows

Pine Club

Sierra Vista Apartments

3 of 11



Date Provided

Points Assigned

Spring Terrace Career Svcs Outreach- Job Readiness Workforce Center, Amarillo College, Goodwill Industries100 4/3/2015 1Personal Development Outreach- Adult Education Amarillo College, Region 16 Adult Education Center50 4/3/2015 1Domestic Skills Housing RHAC 50 4/16/2015 1Medical & Health Svcs Housing RHAC 50 4/23/2015 1Community Awareness Housing RHAC 50 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 24 4/6/2015 1Direct Support Rent Assistance West Texas Family & Community Svcs 2 4/8/2015 1Direct Support Utility Assistance Panhandle Comm. Action 2 4/10/2015 1

Valet Trash Service Door to door pickup- twice a week Tealwood Apartments 180 4/1/2015 1Business Center Computer Resource Tealwood Apartments 180 4/1/2015 1Fax, Copy, Notary Fax, Copy and Notarize documents for applicants and residents Tia Meeker/Tealwood Apartments 8 4/1/2015 1Crime Free Meeting Crime Free Meeting provided by Tealwood WFPD/Tealwood Apartments 11 4/23/2015 1

Budgeting Caseworker met with tenant to pay bill & plan spending MLF 1 4/3/2015 1Personal Protection Caseworker applied for Assurance " free phone for tenant" MLF 1 4/1/2015 1Food Bank Provided food bank services every Tuesday to tenants weekly on 4/7/15,4/17/15,4/21/15 & 4/28/15MLF 156 4/7/2015 1Food Bank Caseworker shopped for & delivered food bank items to tenants on 4/10/15 & 4/21/15MLF 2 4/10/2015 1Food Stamps Caseworker renewed tenants application on 4/6/15, 4/10/15 checked tenants balanceMLF 2 4/6/2015 1Direct Support Caseworker delivered M.O.W. to tenants on 4/7/15, 4/15/15, 4/20/15, 4/22/15 & 4/28/15, on 4/15/15 , 4/28/15 delivered Rx prescription, 4/22/15 delivered mail, 4/14/15 spoke with visiting physician about deaf tenant meds. & blood pressure, 4/15/15 ordered enuresis supplies for tenant with intellectual disability, 4/7/15 talked with deaf tenant's family about his status, 4/8/15 got info. on treatment of eating disorder for tenant, 4/17/15 verified tenants Dr. appt.MLF 12 4/7/2015 1Direct Support 4/24/15; MLF 6 4/1/2015 1Direct Support 4/2/15 arranged for tenants cable TV service, 4/14/15 helped tenant with MLF 10 4/2/2015 1Other Support Caseworker helped tenant with TBI with a maintenance problem on 4/9/15, 4/10/15 responded online to jury summons for deaf tenant,4/13/15 obtained store info for paraplegic tenant, 4/24/15 helped paraplegic tenant with wheelchair cushions, 4/8/15 ordered H2O delivery for tenant, 4/20/15 got driving directions for tenant, 4/21/15 coordinated with tenants brother regarding left behind belongings, 4/21/15 prepared maintenance request for tenants, 4/23/15 called lawyer for tenant, MLF 9 4/9/2015 1Medicaid & Medicare Caseworker reviewed letter from SSI Medicare for tenant 4/15/15, 4/21 applied for Social Security Medicare Savings Plan for tenant, 4/24/15 uploaded docs. to Medicare for tenant, 4/29/15 assisted with Medicare application for tenantMLF 1 4/1/2015 1Social Security Caseworker helped tenant with SSI & IRS work on 4/3/15, 4/6/15 completed forms for DHHS for tenant, 4/7/15 did Social Security update for tenant, 4/10/15 did Social Security change of address for tenant, 4/13/15 called DHHS for woman, 4/15/15 created log on for urtxbenes.com for tenant. 4/20/15 changed address for Social Security for tenant, 4/20/15 completed Social Security work report on behalf of tenantMLF 8 4/1/2015 1Personal Development Caseworker counseled tenants regarding various issues on 4/1/15, 4/2/15, 4/6/15,4/7/15,4/8/15, 4/9/15, 4/10/15, 4/13/15, 4/15/15, 4/16/15, 4/20/15, 4/22/15, 4/23/15, 4/27/15, 4/28/15, 4/29/15, 4/30/15 MLF 27 4/1/2015 1Computer Facility Tenant watched exercise video on 2 occasions, 4/9/15 tenant checked out 3 films, 4/14/15 tenant checked out a bookMLF 3 4/9/2015 1Tia Chi Classes Tenants attended weekly Tia Chi class MLF 3 4/1/2015 1Metro Access Caseworker completed renewal application for tenant MLF 1 4/23/2015 1STS Caseworker provided route information to tenant on 4/10/15, made reservations for tenants on 4/17/15,4/20/15 & 4/24/15MLF 4 4/10/2015 1MLF Transportation Caseworker drove tenant to bank on 4/1/15, to pharmacy on 4/9/15, 4/10/15 to Social Security office , to tax assessor office on 4/16/15, took tenant to cash check, 4/16/15 took tenant to store, 4/23 drove tenant to Dr.'s appoint,4 /24/15 took tenant to outpatient surgery, 4/27/15 drove tenant to work, & 4/27/15 took tenant to ATCIC MLF 2 4/1/2015 1

Budgeting Money Matters 365 Learn TV 380 4/1/2015 1Public Service Service Requests 365 Learn TV 4 4/1/2015 1Environmental Education Green Living 365 Learn TV 232 4/1/2015 1Educational/Tutoring Education Scholastic Tutoring 365 Learn TV 214 4/1/2015 1Kids Zone Kids Zone 365 Learn TV 251 4/1/2015 1Kids Crafts Once a month we have activities for kids. These activities change every month and might be educational or working on crafts.White Rock Staff 12 4/17/2015 1Health Health and Fitness 365 Learn TV 279 4/1/2015 1Fitness 24 hour fitness center available to residents White Rock Fitness Center 54 4/1/2015 1Technology Technology 365 Learn TV 260 4/1/2015 1Travel Travel 365 Learn TV 199 4/1/2015 1Library Assistant Provide books and magazines for residents. You can bring in books and magazines and take a book or magazine to read.White Rock Library Asst. 12 4/1/2015 1Coffee Club Provide residents with coffee, fruit and pastries. This gives the residents an opportunity to interact with management and other residents.White Rock Staff 11 4/3/2015 1Parenting Parenting 365 Learn TV 290 4/1/2015 1Business Center White Rock Business Center available during business hours White Rock Business Center 26 4/1/2015 1

FAX /SCAN fax scan and copies Willowgreen Staff 16 4/30/2015 1Notary services Notary services Gayle Harris 3 4/30/2015 1Crime Prevention Domestic violence - flyers to resident doors willow green staff 336 4/30/2015 1Weight Loss weight loss/ Work Out class Willow Green staff 0 4/30/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Amarillo College, Goodwill Industries100 4/3/2015 1Personal Development Outreach- Adult Education Amarillo College, Region 16 Adult Education Center50 4/3/2015 1Domestic Skills Housing RHAC 50 4/16/2015 1Medical & Health Svcs Housing RHAC 50 4/23/2015 1Community Awareness Housing RHAC 50 4/30/2015 1Children's Svcs. Outreach/Registration- 2015-2016 Backpack Drive RHAC 19 4/6/2015 1Direct Support Rent Assistance West Texas Family & Community Svcs 1 4/6/2015 1Direct Support Utility Assistance Salvation Army 1 4/15/2015 1

Trash Service Trash Pick up Service - Tues/Fri Woodglen Park 232 4/30/2015 1Bingo Bingo Night Woodglen Park 5 4/9/2015 1Crime Watch Meeting Crime Watch Meeting Dallas Police Dept. 2 4/8/2015 1Gift Basket Giveaway Gift Basket Giveaway Woodglen Park 50 4/3/2015 1Community Garage Sale Community Garage Sale Woodglen Park 60 4/18/2015 1

Willow Green

Win Lin Village Apartments

Woodglen Park I & II

Tealwood Club

The Willows

White Rock Apartments

4 of 11



Date Provided

Points Assigned

After School Program School Care program will be opened daily with the exception of holidays and special school day observances. The After School Program will run 180 days per year following the regular school days calendar. Program will run from 3:15 pm to 5:45 pm, Monday through Friday. Students in grade Kindergarten through 5th may participate. Families must register each of their students into the program. Students will be required to sign in and out each day they attend.Cesar Chavez Foundation 15 5/1/2015 2Computer Literacy Activities include basic to proficient computer skills, web browsing and informational searches, email account creation, typing and document formatting. Classes will be offered from 3:30 pm to 4:15 pm to resident youth from grades Kindergarten through 5th. Students will be required to sign in and out of program including their apartment number.Cesar Chavez Foundation 15 5/7/2015 1Health & Nutrition Educational activities that promote understanding, attitudes, and practices Cesar Chavez Foundation 15 5/5/2015 1Onsite Library A childrens library will be available within the properties SSPLC. Studentâ€™s ages 5 to 18 years of age will be able to check out book for their reading pleasure, school assignments, etc. Library books held within the SSPLC will be grade level appropriate and range from fiction, nonfiction, science fiction, etc. The Onsite Childrenâ€™s Library will be available within the properties SSPLC. Children ages 5 to 18 years of age may come to the SSPLC Monday through Friday between the hours of 3:15 pm and 5:45 pm to check out books. Children will be able to check out up to two books for a period of seven days when they will be due back to the SSPLC. library. Students may recheck out books as long as they continue to keep their account in good standing. Parents will be required to sign a permission slip allowing their child this responsibility and service.Cesar Chavez Foundation 10 5/1/2015 1Parent Education A course or class that can be followed to correct and improve a personâ€™s parenting skills. Such classes may be general, covering the most common issues parents may encounter, or specific, for infants, toddlers, children and teenagers. Cesar Chavez Foundation 6 5/5/2015 1

Career Svcs Outreach- Job Readiness Workforce Center,Womens Christian Job Corps, Cory Learning Center, Goodwill Industries, Job Corps80 5/1/2015 1Personal Development Outreach- Adult Education Odessa College, Cory Learning Center 80 5/1/2015 1Domestic Skills Housing RHAC 80 5/14/2015 1Medical & Health Svcs Housing RHAC 80 5/21/2015 1Medical & Health Svcs Housing RHAC 80 5/28/2015 1Direct Support Rent Assistance Catholic Charities 1 5/8/2015 1Direct Suppport Utility Assistance Salvation Army 1 5/11/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Lampasas Higher Education 50 5/1/2015 1Personal Development Outreach- Adult Education Central Texas College, Ministerial Alliance 50 5/1/2015 1Domestic Skills Housing RHAC 50 5/14/2015 1Medical & Health Svcs Housing RHAC 50 5/21/2015 1Medical & Health Svcs Housing RHAC 50 5/28/2015 1Direct Support Rent Assistance Benevolence House 1 5/7/2015 1Direct Suppport Utility Assistance Salvation Army 1 5/13/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 104 5/1/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso 104 5/1/2015 1Domestic Skills Housing RHAC 104 5/14/2015 1Medical & Health Svcs Housing RHAC 104 5/21/2015 1Medical & Health Svcs Housing RHAC 104 5/28/2015 1Direct Support Rent Assistance El Paso General Assistance 1 5/6/2015 1Direct Suppport Utility Assistance Catholic Charities 2 5/12/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Goodwill Industries 62 5/1/2015 1Personal Development Outreach- Adult Education Region 17 Adult Education Center, Catholic Charities, Goodwill Industries62 5/1/2015 1Domestic Skills Housing RHAC 62 5/14/2015 1Medical & Health Svcs Housing RHAC 62 5/21/2015 1Medical & Health Svcs Housing RHAC 62 5/28/2015 1Direct Support Rent Assistance Lubbock General Assistance/Catholic Charities 2 5/8/2015 1Direct Suppport Utility Assistance Salvation Army/Across the Street Ministries 2 5/15/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Goodwill Industries 50 5/1/2015 1Personal Development Outreach- Adult Education Region 17 Adult Education Center, Catholic Charities, Goodwill Industries50 5/1/2015 1Domestic Skills Housing. RHAC 50 5/14/2015 1Medical & Health Svcs Housing. RHAC 50 5/21/2015 1Medical & Health Svcs Housing. RHAC 50 5/28/2015 1Children's Services Youth- Bus Ministry: Every Sunday Faith Baptist Church 12 5/3/2015 1Direct Suppport Rent Assistance Catholic Charities 1 5/8/2015 1Direct Suppport Utility Assistance Salvation Army 1 5/13/2015 1

Career Svcs Outreach - Job Readiness Workforce, Job Corps, Goodwill Industries 94 5/1/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso 94 5/1/2015 1Domestic Skills Housing. RHAC 94 5/14/2015 1Medical & Health Svcs Housing. RHAC 94 5/21/2015 1Medical & Health Svcs Housing. RHAC 94 5/28/2015 1Direct Support Rent Assistance Catholic Charities 1 5/8/2015 1Direct Suppport Utility Assistance Project Bravo 1 5/11/2015 1

Career Svcs Outreach- Job Readiness Cameron Works, Brownsville Literacy Council 65 5/1/2015 1Personal Development Outreach- Adult Education Cameron Works, Brownsville Literacy Council 65 5/1/2015 1Domestic Skills Housing. RHAC 65 5/14/2015 1Medical & Health Svcs Housing. RHAC 65 5/21/2015 1Medical & Health Svcs Housing. RHAC 65 5/28/2015 1Direct Support Utility Assistance Catholic Charities 2 5/14/2015 1Direct Suppport Emergency Food Neighborhood Housing 1 5/12/2015 1

Community Out Reach Meet and Greet/ Mothers Day HCS 28 5/8/2015 1After After school Program After School Program for the residents, three days week to help with home work HCS 1 5/4/2015 2Vocational Training On line job assistance HCS 1 5/13/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 148 5/1/2015 1Personal Development Outreach- Adult Education Ft. Worth ISD, Tarrant Co. College, Ladder Alliance, Cornerstone Network148 5/1/2015 1Domestic Skills Housing. RHAC 148 5/14/2015 1Medical & Health Svcs Housing. RHAC 148 5/21/2015 1Medical & Health Svcs Housing. RHAC 148 5/28/2015 1Direct Support Rent Assistance Catholic Charities 1 5/8/2015 1


Garden Apartments



Apartments


Marshall Meadows

May Resident Services


Chaparral Village


El Nido Apartments

5 of 11



Date Provided

Points Assigned

Direct Suppport Utility Assistance Salvation Army 2 5/18/2015 1

6 of 11



Date Provided

Points Assigned

Nutrition Class instructions on how to cook healthy on budget Nutrition Services 0 5/12/2015 1Fax/Copy Services use fax and copy machine Pine Club 6 5/1/2015 1Neighborhood Watch Mtg discuss resident issues Pine Club/Det. Sanders 12 5/20/2015 1Afterschool services services all residents with dinners; assist with homework YYAFA 150 5/1/2015 2Valet Trash Service Door to Door Pickup trash Pine Club Maintenance 232 5/1/2015 1

Safety Meeting Pool Safety & Emergency Preparedness + Pool Passes issued Ridgewood Staff 9 5/21/2015 1Notary Notary Services for all residents and applicants Cathy Newvine 5 5/1/2015 1Fax/Copy Fax and Copy services to all residents Ridgewood Staff 4 5/1/2015 1Valet Trash Service Door to Door trash pickup Ridgewood Maintenance 232 5/1/2015 1Business Center Computer Resource Center for all residents and applicants (use to pull paystubs, etc during application process)Ridgewood Staff 27 5/1/2015 1

Notary Notary services Frances 28 5/1/2015 1Library Library in the community room Frances 28 5/1/2015 1Class WIC class WIC 4 5/13/2015 1Class Excersize class Frances 4 5/15/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Lampasas Higher Education 50 5/1/2015 1Personal Development Outreach- Adult Education Central Texas College, Lampasas ISD 50 5/1/2015 1Domestic Skills Housing RHAC 50 5/14/2015 1Medical & Health Svcs Housing RHAC 50 5/21/2015 1Medical & Health Svcs Housing RHAC 50 5/28/2015 1Direct Support Rent Assistance Lampasas Mission 1 5/6/2015 1Direct Support Utility Assistance Salvation Army 1 5/15/2015 1

Notary Services for May Notarize documents for Residents and Applicants Lee Ann Rodgers 3 5/1/2015 0Notary Services for May Notarize documents for Residents and Applicants Maria Rios 5 5/1/2015 1Summer Pool Party Kick Off Summer Pool Party for all Residents Saddlewood Staff 48 5/30/2015 1Valet Trash Service Door to Door trash pickup Saddlewood Maintenance 232 5/1/2015 1Safety and Health Awareness Disposing of Syringes from Households- Do's and Don'ts- Delivered to all doorsSaddlewood Staff 232 5/21/2015 1Fax/Copy Services Fax/Copy available to all residents and applicants Saddlewood Staff 10 5/1/2015 1Business Center Computer Resource center for applicant and residents Saddlewood Staff 12 5/1/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Victoria College 105 5/1/2015 1Personal Development Outreach- Adult Education Victoria College, Victoria Literacy Council 105 5/1/2015 1Domestic Skills Housing. RHAC 105 5/14/2015 1Medical & Health Svcs Housing. RHAC 105 5/21/2015 1Medical & Health Svcs Housing. RHAC 105 5/28/2015 1Children's Services After School Tutoring Program: Mon -Thurs. Midcoast Family Svcs. 12 5/4/2015 1Childrens Svcs. Outreach/Registration- Headstart Program Goldent Crescent Headstart Program 5 5/27/2015 1Direct Suppport Rent Assistance Victoria Comm. Action Agency 1 5/8/2015 1Direct Support Utility Assistance Salvation Army 2 5/13/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 106 5/1/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso 106 5/1/2015 1Domestic Skills Housing. RHAC 106 5/14/2015 1Medical & Health Svcs Housing. RHAC 106 5/21/2015 1Medical & Health Svcs Housing. RHAC 106 5/28/2015 1Direct Support Rent Assistance El Paso General Assistance 1 5/8/2015 1Direct Suppport Utility Assistance Catholic Charities 2 5/14/2015 1

Career Svcs Outreach-Job Readiness Workforce Center, Amarillo College, Goodwill Industries50 5/1/2015 1Personal Development Outreach- Adult Education Amarillo College, Region 16 Adult Education Center50 5/1/2015 1Domestic Skills Housing. RHAC 50 5/14/2015 1Medical & Health Svcs Housing. RHAC 50 5/21/2015 1Medical & Health Svcs Housing. RHAC 50 5/28/2015 1Direct Support Rent Assistance Panhandle Community Svcs 1 5/8/2015 1Direct Suppport Utility Assistance West Texas Family & Comm. Svcs. 2 5/12/2015 1

Valet Trash Service Door to door pickup- twice a week Tealwood Apartments 180 5/1/2015 1Business Center Computer Resource Tealwood Apartments 180 5/1/2015 1Fax, Copy, Notary Fax, Copy and Notarize documents for applicants and residents Tia Meeker/Tealwood Apartments 9 5/1/2015 1Job/Resume Workshop Resume Workshop provided by Tealwood Texas Workforce/Tealwood Apartments 5 5/22/2015 1

Pine Club

Ridgewood

Rita Blanca

River Park Village

Saddlewood Club

Salem Village


Spring Terrace

Tealwood Club

7 of 11



Date Provided

Points Assigned

Budgeting Caseworker met with tenant to pay bills and plan spending MLF 1 5/4/2015 1Food Bank Provided food bank services every Tuesday to 40 tenants weekly on 5/5/15, 5/12/15, 5/19/15 & 5/26 /15MLF 161 5/5/2015 1Food Stamps Caseworker got SNAP replacement card for tenant on 5/1/15, 5/11/15 renewed tenants SNAP benefit MLF 2 5/1/2015 1Direct Support Caseworker delivered M.O.W. to tenant on 5/13/15, 5/13/15 received Rx for tenant on 5/13, 5/15/15 ordered enuretic supplies for tenant with TBI, 5/14/15 did welfare check on tenant with TBI at family's request, 5/20/15 helped tenant with TBI with med. box, 5/20/15 called in 2 wheelchair repairs requestMLF 6 5/13/2015 1Other Support Appointments Caseworker reminded deaf tenant about cable appointment on 5/4/15, 5/13/15 made P.T appt. for paraplegic tenant, 5/19/15 reminded tenant with TBI about appt.,MLF 3 5/4/2015 1Other Support Business Caseworker faxed docs. to DHHS for tenant on 5/6/15, 5/11/15 helped tenant with TBI to connect with DADS , 5/11/15 called Section 8 and 5/12/15 accessed Housing Authorities system online for tenant with TBI, 5/13/15 talked with representative payee for deaf tenant, MLF 4 5/6/2015 1Other Support Caseworker prepared maintenance request for tenants on 5/8/15 & 5/11/15, 5/13/15 let water delivery rep. into tenant's apt., 5/20/15, got jump for tenant's carMLF 4 5/8/2015 1Medicaid & Medicare Caseworker setup my benefits" on website for tenant on 5/5/15 MLF 5 5/5/2015 1Personal Development Caseworker counseled tenants regarding various issues on 5/5/15, 5/6/15, 5/7/15, 5/11/15, 5/12/15, 5/14/15, 5/15/15, 5/18/15, 5/19/5, 5/20/15MLF 18 5/5/2015 1Computer Facility 3 Tenants checked out books & movies, 2 tenants used room to meet with caseworkers, 1 child tenant worked on a puzzle MLF 6 5/1/2015 1Tia Chi Classes 1 Tenant attended weekly Tia Chi Class, 1 tenant attended one time only MLF 2 5/6/2015 1STS Caseworker made reservations for tenants on 5/1/15 & 5/15/15 MLF 2 5/1/2015 1MLF Transportation Caseworker dove tenant to ATCIC on 2nd St. on 5/1/15, 5/1/15 drove tenant to bank, 5/4/15 drove tenant to pay bills, 5/6/15 drove tenant to bank, 5/7/15 drove tenant to work, 5/7/15 drove tenant to bank, 5/8/15 drove tenant to day surgery, 5/8/15 drove tenant to pharmacy, 5/13/15 drove tenant to Cap. Metro office, 5/14/15 dove tenant to optometrist, 5/20/15 drove tenant to Social Security MLF 10 5/1/2015 1

Budgeting Money Matters 365 Learn TV 282 5/1/2015 1Public Service Service Requests 365 Learn TV 11 5/1/2015 1Environmental Education Green Living 365 Learn TV 206 5/1/2015 1Educational/Tutoring Education Scholastic Tutoring 365 Learn TV 233 5/1/2015 1Kids Zone Kids Zone 365 Learn TV 228 5/1/2015 1Kids Crafts Once or twice a month we have activities for kids. These activities change every month and might be educational or working on crafts.White Rock Staff 8 5/7/2015 1Health Health and Fitness 365 Learn TV 213 5/1/2015 1Fitness 24 hour fitness center available to residents White Rock Fitness Center 61 5/1/2015 0Technology Technology 365 Learn TV 205 5/1/2015 1Travel Travel 365 Learn TV 184 5/1/2015 1Library Assistant Provide books and magazines for residents. You can bring in books and magazines and take a book or magazine to read.White Rock Library Assistant 16 5/1/2015 1Coffee Club Provide residents with coffee, fruit, and pastries. This gives the residents an oppurtunity to interact with management and other residents.White Rock Staff 12 5/1/2015 1Parenting Parenting 365 Learn TV 189 5/1/2015 1

Valet Trash Service Door to Door Trash pick up Willowgreen Staff 336 5/1/2015 1Book Club Provide books and reading to all children Willowgreen Staff 0 5/1/2015 1Crime Prevention Be Careful of Guests- Crime Prevention letter to all residents- delivered door to doorGayle Harris 336 5/14/2015 1Fax/Copy Services Fax and copy services to all applicants and residents Willowgreen Staff 26 5/1/2015 1Notary Services Notarize documents for applicants and residents Gayle Harris 6 5/1/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Amarillo College, Goodwill Industries50 5/1/2015 1Personal Development Outreach- Adult Education Amarillo College, Region 16 Adult Education Center50 5/1/2015 1Domestic Skills Housing. RHAC 50 5/14/2015 1Medical & Health Svcs Housing. RHAC 50 5/21/2015 1Medical & Health Svcs Housing. RHAC 50 5/28/2015 1Direct Support Rent Assistance Panhandle Community Svcs 1 5/7/2015 1Direct Suppport Utility Assistance Salvation Army 1 5/13/2015 1

Job Fair Staffmark Job Fair 10am-12pm Staffmark 15 5/8/2015 1Crime Watch Meeting Crime Watch Dallas Police Dept 4 5/13/2015 1Bingo Night Bingo Night Woodglen Park 5 5/14/2015 1Free HIV testing Aids Arms Free HIV testing Aids Arms 5 5/20/2015 1Wellness Program Wellness Program and Total Call Assistance Wellcare 10 5/26/2015 1Trash Service Tuesdays and Fridays Woodglen Park 232 5/31/2015 1Fax, Copy & Notary Service Fax, Copy and Notary Services Woodglen Park 17 5/31/2015 1

The Willows


Willow Green

Win Lin Village Apartments

Woodglen Park I & II

8 of 11



Date Provided

Points Assigned

After School Program School Care program will be opened daily with the exception of holidays and special school day observances. The After School Program will run 180 days per year following the regular school days calendar. Program will run from 3:15 pm to 5:45 pm, Monday through Friday. Students in grade Kindergarten through 5th may participate. Families must register each of their students into the program. Students will be required to sign in and out each day they attend.Cesar Chavez Foundation 15 6/1/2015 2Computer Literacy Activities include basic to proficient computer skills, web browsing and informational searches, email account creation, typing and document formatting. Classes will be offered from 3:30 pm to 4:15 pm to resident youth from grades Kindergarten through 5th. Students will be required to sign in and out of program including their apartment number.Cesar Chavez Foundation 10 6/4/2015 1Onsite Library A childrenâ€™s library will be available within the properties SSPLC. Studentâ€™s ages 5 to 18 years of age will be able to check out book for their reading pleasure, school assignments, etc. Library books held within the SSPLC will be grade level appropriate and range from fiction, nonfiction, science fiction, etc. The Onsite Childrenâ€™s Library will be available within the properties SSPLC. Children ages 5 to 18 years of age may come to the SSPLC Monday through Friday between the hours of 3:15 pm and 5:45 pm to check out books. Children will be able to check out up to two books for a period of seven days when they will be due back to the SSPLC. library. Students may recheck out books as long as they continue to keep their account in good standing. Parents will be required to sign a permission slip allowing their child this responsibility and service.Cesar Chavez Foundation 0 6/1/2015 1

Career Svcs Outreach- Job Readiness Workforce Center,Womens Christian Job Corps, Cory Learning Center80 6/5/2015 1Personal Development Outreach- Adult Education Odessa College, Cory Learning Center 80 6/5/2015 1Personal Development Outreach-Online Resident Training: Webinar presented by Rainbow HousingLearning Module: Effec�ve Communica�onRHAC 80 6/4/2015 1Domestic Skills Outreach-Online Resident Training: Webinar presented by Rainbow HousingLearning Module: Financial Literacy- Pay Yourself FirstRHAC 80 6/11/2015 1Medical & Health Svcs Outreach-Online Resident Training: Webinar presented by Rainbow HousingLearning Module: Nutri�on Educa�on- Five (5) Daily Nutri�onal NeedsRHAC 80 6/18/2015 1Community Awareness Outreach-Online Resident Training: Webinar presented by Rainbow HousingLearning Module: Water SafetyRHAC 80 6/25/2015 1Direct Suppport Rent Assistance Catholic Charities 1 6/10/2015 1Direct Suppport Utility Assistance Salvation Army 1 6/12/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Lampasas Higher Educatio 50 6/5/2015 1Personal Development Outreach- Adult Education Central Texas College, Ministerial Alliance 50 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/25/2015 1Direct Suppport Rent Assistance Benevolence House/Refuge Corp. 1 6/9/2015 1Direct Suppport Utility Assistance Salvation Army 1 6/11/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 104 6/5/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso 104 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 104 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 104 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 104 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 104 6/25/2015 1Direct Suppport Rent Assistance El Paso County- General Assist. 1 6/8/2015 1Direct Support Utility Assistance Catholic Charities 1 6/12/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Goodwill Industries 62 6/5/2015 1Personal Development Outreach- Adult Education Region 17 Adult Education Center, Catholic Charities, Goodwill Industries62 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 62 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 62 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 62 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 62 6/25/2015 1Direct Suppport Rent Assistance Lubbock Co- General Assist 1 6/8/2015 1Direct Suppport Utility Assistance Across the Street Ministries 2 6/12/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Goodwill Industries 50 6/5/2015 1Personal Development Outreach- Adult Education Region 17 Adult Education Center, Catholic Charities, Goodwill Industries50 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/25/2015 1Direct Suppport Rent Assistance Catholic Charities 1 6/8/2015 1Direct Suppport Utility Assistance Salvation Army 2 6/15/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 94 6/5/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso 94 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 94 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 94 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 94 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 94 6/25/2015 1Direct Suppport Rent Assistance Catholic Charities 1 6/9/2015 1Direct Suppport Utility Assistance Project Bravo 1 6/16/2015 1

Career Svcs Outreach- Job Readiness Cameron Works, Brownsville Literacy Council 65 6/5/2015 1Personal Development Outreach- Adult Education Cameron Works, Brownsville Literacy Council 65 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 65 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 65 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 65 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 65 6/25/2015 1Direct Suppport Rent Assistance Catholic Charities 2 6/9/2015 1Direct Suppport Utility Assistance Neighborhood House 1 6/12/2015 1

June Resident Services


El Nido Apartments



Apartments

Garden Apartments


Chaparral Village Apartments


9 of 11



Date Provided

Points Assigned

Summer Program Summer l program HCS 4 6/1/2015 2Summer Splash/ Safety Intervention Community get together Summer Splash. Hand out pool passes. Code 3 Investigation came and spoke about summer safety and how to stay safe in the eat. HCS 82 6/5/2015 1SA Food Lunch Program Feed Lunch to school- age kids up to 18 years of age. HCS 20 6/8/2015 1SA Youth Snack Program Feed Snack to school- age kids up to 18 years of age. HCS 7 6/8/2015 1Food Pantry Took six people to the food bank at the Casinos Apartments HCS 6 6/11/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 148 6/5/2015 1Personal Development Outreach- Adult Education Ft. Worth ISD, Tarrant Co. College, Ladder Alliance, Cornerstone Network148 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 148 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 148 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 148 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 148 6/25/2015 1Direct Suppport Rent Assistance Catholic Charities 1 6/10/2015 1Direct Suppport Utility Assistance Salvation Army 2 6/16/2015 1

Pine Club Fax/Copy Service resident utilize the fax/copy services Pine Club 5 6/1/2015 1Nutrition Class learn about how to cook on a limited budget and healthier Nutrition services 0 6/9/2015 1Valet Trash Service door to door trash pick up Pine Club 200 6/1/2015 1Neighborhood Watch Mtg hold meeting with residents to address issues on the property Pine Club/Det Sanders 2 6/18/2015 1Lunch program YYAFA feeds the children daily (breakfast and lunch) YYAFA 150 6/1/2015 1

Ridgewood Notary Service Provide Notary Service to all applicants and residents Daniel Nelson 8 6/1/2015 1Business Center Computer Resource Center for applicants and residents Ridgewood Staff 24 6/1/2015 1Fax/Copy Service Provide copies to all residents and applicants (during application process) Ridgewood Staff 6 6/1/2015 1Job Resume Workshop Career Center- Resume Writing and Job Interview Preparedness Texas A&M University 1 6/16/2015 1Community Meeting Meeting to Introduce New Courtesy Officer and discuss property rules Ridgewood Staff + Caleb Perkins 6 6/17/2015 1Home/Personal Safety Seminar Safety First- Do and Don'ts with Household Goods, How to Properly Manage HH Hazardous Materials Walker County Sheriff Dept 7 6/10/2015 1

Rita Blanca Notary Public Notary services for the property Frances 28 6/1/2015 1Library Library available for residents Frances 28 6/1/2015 1ESL Testing English Class Frances 11 6/7/2015 1WIC Class Child Nutrition Frances 3 6/18/2015 1Exercise Exercise Class Frances 2 6/27/2015 1

Career Svcs Outreach- Job Readiness Workforce Center/Lampasas Higher Education 50 6/5/2015 1Personal Development Outreach- Adult Education Central Texas College, Lampasas ISD 50 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/25/2015 1Direct Suppport Rent Assistance Lampasas Mission 1 6/8/2015 1Direct Suppport Utility Assistance Salvation Army 1 6/17/2015 1

Fax/Copy Services Provide copy and fax service to all resident and applicants Saddlewood Staff 9 6/1/2015 1Business Center Computer Resource Center for all residents and applicants Saddlewood Staff 90 6/1/2015 1Notary Service Provide Notary service to applicants and residents Maria Rios 7 6/1/2015 1Crime Prevention Provided Info and meeting on Burglary of Motor Vehicles Bryan P.D. 11 6/23/2015 1Job Resume/Workshop 15 Tips for Getting (and Staying) Job Search Ready Saddlewood Staff 11 6/23/2015 1

Salem Village Career Svcs Outreach- Job Readiness Workforce Center, Victoria College 105 6/5/2015 1Personal Development Outreach- Adult Education Victoria College, Victoria Literacy Council 105 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 105 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 105 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 105 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 105 6/25/2015 1Direct Suppport Rent Assistance Victoria Community Action Agency 2 6/11/2015 1Direct Suppport Utility Assistance Salvation Army 1 6/17/2015 1

Career Svcs Outreach- Job Readiness Workforce, Job Corps, Goodwill Industries 106 6/5/2015 1Personal Development Outreach- Adult Education San Jacinto Learning Center, El Paso 106 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 106 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 106 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 106 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 106 6/25/2015 1Direct Suppport Rent Assistance El Paso County- General Assist. 1 6/9/2015 1Direct Suppport Utility Assistance St. Vincent du Paul/Catholic Charities 2 6/15/2015 1

Sprin Terrace Career Svcs Outreach- Job Readiness Workforce Center, Amarillo College, Goodwill Industries50 6/5/2015 1Personal Development Outreach- Adult Education Amarillo College, Region 16 Adult Education Center50 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/25/2015 1Direct Suppport Rent Assistance Panhandle Comm. Svcs. 1 6/9/2015 1Direct Suppport Utility Assistance West Texas Family & Community Svcs 1 6/15/2015 1



Marshall Meadows

River Park Village

Saddlewood Club

10 of 11



Date Provided

Points Assigned

Tealwood Club Valet Trash Service Door to door pickup- twice a week Tealwood Apartments 180 6/1/2015 1Business Center Computer Resource Tealwood Apartments 180 6/1/2015 1Fax, Copy, Notary Fax, Copy and Notarize documents for applicants and residents Tia Meeker/Tealwood Apartments 12 6/1/2015 1Valet Trash Service Door to door pickup- twice a week Tealwood Apartments 180 6/1/2015 1Business Center Computer Resource Tealwood Apartments 180 6/1/2015 1Fax, Copy, Notary Fax, Copy and Notarize documents for applicants and residents Tia Meeker/Tealwood Apartments 12 6/1/2015 1

The Willows Budgeting Caseworker met with tenant to pay bills and plan spend MLF 1 6/3/2015 1Food Bank Provided food bank services every Tuesday to tenants weekly on 6/2/15, 6/9/15, 6/16, 6/23/15 & 6/30/15MLF 163 6/2/2015 1Food Stamps Caseworker complete renewal for tenants on 6/915 & 6/23/15, 6/15 did phone interview for tenant, submitted correction of personal information for tenant MLF 4 6/9/2015 1Direct Support Caseworker received Rx for tenant on 6/15/15, 6/16/15 & 6/25/15, U.S.P. for tenants on 6/23/15, M.O.W. on 6/17/15, 6/18/15, 6/23/15, 6/24/15 & 6/27/15MLF 11 6/15/2015 1Other Support Business Caseworker followed up on tenant's SEC 8 on 6/1/15 & spoke to traumatically brain injured tenant's family about rent, 6/5/15 handle jury summons for tenant with COPD,, 6/5/15 & 6/16/15 helped tenants to pay cable bills MLF 5 6/1/2015 1Direct Support Medical Caseworker helped trauma�cally brain injured tenant with Rx on 6/3/15, 6/5/15 & 6/19/15 helped TBI tenant with med box setup, 6/9/15 ordered enuresis supplies for tenant, 6/9/15 down loaded & printed medical records for tenant, 6/12/15 reminded deaf tenant to take meds., MLF 9 6/3/2015 1Social Security Caseworker responded to Social Security regarding tenants over-payment, 6/9/15 rescheduled tenant Social Security interview, 6/12/15 assisted tenant with social security paperwork, 6/24/15 helped tenant with social security card replacement,MLF 4 6/4/2015 1Medicaid & Medicare Caseworker talked with Medicare & hospital about improper billing of tenant with COPD, 6/15/15 looked into tenants Medicare payments, 6/22/15 helped tenant with Medicare problems MLF 3 6/8/2015 1Personal Development Caseworker counseled tenants regarding various issues on 6/1/15, 6/3/15, 6/4/15, 6/5/15, 6/8/15, 6/11/15,6/15/11, 6/16/15, 6/17/15, 6/18/15, 6/19/15, 6/23/15, 6/24/15, 6/25/15, 6/29/15, & 6/30/15MLF 23 6/1/2015 1Computer Facility 3 tenants checked out books & films, 1 child & 2 adults worked on puzzles MLF 6 6/1/2015 1Tia Chi Classes I Tenant attended weekly Tia Chi class MLF 1 6/3/2015 1Metro & STS Caseworker made STS reservation for tenant on 6/12/15, 6/19/15 & 6/27/15, 6/15/15 submitted request for discount Metro ticketsMLF 4 6/12/2015 1MLF Transportation Caseworker drove tenant to bank on 6/1/15, 6/10/15 & 6/29/15, drove tenant to check cashing place 6/5/15, 6/17/15, 6/23/15 & 6/27/15, 6/11/15 & 6/12/15 drove tenants to Dr. office for appointment, 6/12/15 drove tenant to day surgery, 6/18/15, 6/19/15 & 6/29/15 drove tenants to food store, 6/22/15 drove tenant to YMCAMLF 14 6/1/2015 1

Budgeting Money Matters 365 Learn TV 152 6/1/2015 1Public Service Service Requests 365 Learn TV 7 6/1/2015 1Environmental Education Green Living 365 Learn TV 121 6/1/2015 1Educational/Tutoring Education Scholastic Tutoring 365 Learn TV 151 6/1/2015 1Kids Zone Kids Zone 365 Learn TV 137 6/1/2015 1Kids Crafts Once a month we have activities for kids. These activities change every month and might be educational or working on crafts.White Rock Staff 7 6/19/2015 1Health Health and Fitness 365 Learn TV 142 6/1/2015 1Fitness 24 hour fitness center available to residents White Rock Fitness Center 71 6/1/2015 1Technology Technology 365 Learn TV 145 6/1/2015 1Travel Travel 365 Learn TV 135 6/1/2015 1Library Assistant Provide books and magazines for residents. You can bring in books and magazines and take a book or magazine to read.White Rock Library Assistant 12 6/1/2015 1Parenting Parenting 365 Learn TV 140 6/1/2015 1Sundae School End of school build your own sundae and summer reading activities White Rock Staff 14 6/4/2015 1Blood Drive Blood Drive San Antonio Blood Bank 10 6/30/2015 1

Willow Green Fax/Copy Provide copy and fax services to Residents and applicants Willowgreen Staff 33 6/1/2015 1Valet Trash Service Door to Door pickup Willowgreen Maintenance 336 6/1/2015 1Notary Service Provide Notary to applicant and residents Gayle Harris 0 6/1/2015 1Business Center Computer resource for residents and applicants (during app process) Willowgreen Staff 15 6/1/2015 1Crime Safety Brochures were delivered by Houston P.D. on How to Stay Safe at the Park"- delivered to all units"Willowgreen Staff 336 6/1/2015 1Job Resume Workshop Meeting provided on How to Dress for the Job and Resume workshop Sherena Porter 6 6/30/2015 1

Career Svcs Outreach- Job Readiness Workforce Center, Amarillo College, Goodwill Industries50 6/5/2015 1Personal Development Outreach- Adult Education Amarillo College, Region 16 Adult Education Center50 6/5/2015 1Personal Development Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/4/2015 1Domestic Skills Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/11/2015 1Medical & Health Svcs Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/18/2015 1Community Awareness Outreach- Online Resident Training: Webinar presented by Rainbow Housing RHAC 50 6/25/2015 1Direct Suppport Rent Assistance Panhandle Comm. Svcs. 1 6/10/2015 1Direct Suppport Utility Assistance Salvation Army 1 6/15/2015 1

Crime Watch Meeting Crime Watch Meeting City of Dallas Police 3 6/10/2015 1Summer Lunch Program Free summer breakfast and lunch program Woodglen Park 50 6/30/2015 1Trash Service Free trash service Tuesdays and Fridays Woodglen Park 232 6/30/2015 1Free Copy/Notary/Fax Service Free Copy/Notary/Fax Services Woodglen Park 3 6/30/2015 1


Win-Lin Village Apartme

Woodglen Park I&II

11 of 11

TEXAS STATE AFFORDABLE HOUSING CORPORATIONSTATEMENT OF NET ASSETS (unaudited)As of June 30, 2015

ASSETSCurrent Assets

Cash and Cash Equivalents $ 661,248Restricted Assets Held by Bond Trustee:

Cash and Cash Equivalents 4,607,859Accrued Interest 211,061

Custodial Cash and Cash Equivalents 308,245Investments, at Fair Market Value 4,603,167Accounts Receivable & Accrued Revenue, Net of uncollectible amts. of $40,829 182,916Accrued Interest Receivable 55,497Loans Receivable, Current Portion 65,000Notes Receivable, Current Portion 121,699Downpayment Assistance, Current Portion 2,514,980Prepaid Expenses 69,564

Total Current Assets: 13,401,236

Noncurrent AssetsLoans Receivable, Net of uncollectible amounts of $91,726 635,480Notes Receivable 5,539,299Investments, at Fair Market Value 4,121,493Mortgage Servicing Rights, Net of Accumulated Amortization of $2,521,022 207,039Fixed Assets, Net of Accumulated Depreciation of $578,113 1,482,701Owned Real Estate, Federal & Other Programs Net of Accum Amort $91,781 10,231,095Downpayment Assistance 1,961,835Restricted Investments Held by Bond Trustee, at Fair Market Value 121,374,379

Total Noncurrent Assets: 145,553,321

TOTAL ASSETS $ 158,954,557

(continued)

TEXAS STATE AFFORDABLE HOUSING CORPORATIONSTATEMENT OF NET ASSETS - Continued (unaudited)As of June 30, 2015

LIABILITIES Current Liabilities

Accounts Payable and Accrued Expenses $ 146,603Notes Payable, Current Portion 714,967Custodial Reserve Funds 308,245Other Current Liabilities 237,459Payable from Restricted Assets Held by Bond Trustee:

Bonds Payable, Current Portion 1,984,680Accrued Interest on Bonds 1,025,568

Total Current Liabilities: 4,417,522Noncurrent Liabilities

Notes Payable 3,044,237Revenue Bonds Payable 118,248,020Due to Federal Programs 3,805,237Unearned Revenue 134,821

Total Noncurrent Liabilities: 125,232,315

Total Liabilities: 129,649,837

DEFERRED INFLOWS OF RESOURCESDeferred Revenue 226,484

Total Deferred Inflows of Resources 226,484

NET POSITIONInvested in Capital Assets 1,482,701Restricted for:

Debt Service 9,429,038Other Purposes 38,514

Unrestricted 18,127,983

Total Net Position: $ 29,078,236

TEXAS STATE AFFORDABLE HOUSING CORPORATIONSTATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS (unaudited)for the 10 months ending June 30, 2015

Operating Revenues Interest and Investment Income $ 5,205,138 Net Increase (Decrease) in Fair Value of Investments (2,851,117) Single Family Income 3,182,631 Asset Oversight and Compliance Fees 222,531 Loan Servicing Fees 99,981 Multifamily Income 216,630 Land Bank Income 274,405 Public Support Federal & State Grants 27,400 Contributions 410,692 Other Operating Revenue 166,968 Total Operating Revenues $ 6,955,259

Operating Expenses Interest Expense on Bonds and Notes Payable $ 4,672,009 Salaries, Wages and Payroll Related Costs 1,787,353 Professional Fees and Services 292,702 Amortization 366,986 Office and Equipment Rental and Maintenance 40,747 Travel and Meals 87,410 Depreciation 155,168 Program and Loan Administration 1,199,483 Grant Expenditures 78,164 Foundation Fund Grants 343,000 Other Operating Expenses 255,635 Total Operating Expenses $ 9,278,657

Net Income (2,323,398)

Total Net Position, Beginning 31,401,634

Total Net Position, Ending $ 29,078,236

Monthly Investment Report

June 30, 2015

Volatility Overshadows Underlying Growth

It has been an internationally fixated month. As if a fall of 20% in

their $72 billion debt can not be paid. Puerto Rico has turned to 35 hedge funds to re-capitalize this very risky island.

The main focus however this month has been Greece and not its magical vistas but on its leaders inflexibility to take the proverbial olive branch from the ECB and the IMF. Greece has been unwilling to load more austerity measures on its already burdened populace and now has called for a referendum (decidedly a political move on Tsiprasbanks and imposed capital controls to avert a bank collapse.

The ECB is busy buying bonds and contemplating direct purchases to stave off illiquidity. But the ramifications of a

remain unclear even if a temporary fix is accomplished.

The volatility from these international events is clearly visible on the benchmark Treasury 2-year to the right. Despite the cash flows in and out, the Treasuries continue their slow crawl upward. This is due in large part to the improvement in US economic conditions since the first quarter.

A modest but very positive revision to 1Q GDP shows growth was down only -0.2% rather than the prior -0.7% revision. The

business and residential investment grew. Questions remain on the impact of 1Q oil and the dollar and port closures but estimates now see 2Q closer to a 2.5% growth rate.

Growth Peeks Around the Corner

On the balance, indications throughout the month of June have been tipped towards good news on the domestic front.

The headline drop in durable goods was due largely to aircraft, while orders for business equipment climbed nicely, which may indicate a stabilizing after the energy shock. Naturally US exports remain prisoners of the strong dollar.

Sales of new homes showed its highest level in 7 years giving momentum to the second half of 2015. A pickup adds to construction jobs and ultimately GDP.

If the employment gains from May, which showed a broad base outside of energy and mining, continue into June hourly earnings will also continue to rise.

The job gains buoyed consumer confidence and spending climbed the most in almost 6 years. Tied to higher income this adds a needed hike to growth, disposable income grew by 0.2% even with inflation which remains low.

which shows where the 16 members think the Fed Funds will be at year end. (March dots are green and the June dots are purple.) July Fed events will make this even more important as an indicator.

Rates

The Greek stand-off situation has dominated bond rates the world over this month. Rates have been volatile, swinging the 10 year Treasury from 2.18% to 2.485% and the 30 year from 2.934% to 3.24%. Huge swings on uncertainty and international money flows.

The Federal Reserve has continued to indicate that the first quarter weakness may have been transitory, but the volatility caused by

The Fed has however left the door open materially for a rise in rates in September.

Rates in the short-end have plummeted as international investors rush into the safety and liquidity of the US Treasuries. The long end however has crept up as German bonds rates have also risen and investors decide that a 2.5% 30 year is not a good long-term investment as conditions improve in the US. The short-end should continue its move upwards once some, even temporary, closure comes to Greece.

With multiple Fed-related events in July, the market implied probability of a September hike could jump.

End of Month Rates - Full Yield Curve Fed Funds to 30yr

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

3mo 6mo 1yr 2yr 5yr 10yr 30yr

Jun-15Mar-15Dec-14Oct-14Jun-14

Percent

Your Portfolio As of June 30, 2015

DDA6.8%

MM3.5%

CD's30.1%

Agency Notes56.9%

GNMA0.1%

Neg. CDs2.5%

TPS

P&A constantly reviews your portfolio for optimal asset allocation and a controlled average maturity because a diversified portfolio can better adjust to volatile market conditions.

The extremely low short-term rates make diversification difficult and they are reasonably expected to continue now at least through 2015. Longer term rates have moved lower and do not provide reward for extension risks.

Banks remain uninterested in new deposits and although state and local bonds continue to add value they have been discovered and are declining in yields.

Portfolios are cash heavy as we struggle to find value with a flat yield curve which provides little value under six months. Going too long has its risks if rates do rise quickly on news.

The non-cash portion of your portfolio is yielding 0.64%.

Texas State Affordable HousingPortfolio Management

June 30, 2015

Patterson & Associates901 S. MoPac

Suite 195Austin, TX 78746

-Portfolio Summary

% ofPortfolio

BookValueInvestments

MarketValue

ParValue

Days toMaturityTerm

YTM365 Equiv.

CD's - Interest at Maturity 735,000.00 3657.61 0.50055735,287.40735,000.00Federal Agency Coupon Securities 5,500,160.69 69856.95 0.6995385,504,246.755,500,000.00Negotiable CDs - 2 245,187.32 3502.54 0.40040245,219.03245,000.00Pass Through Securities (GNMA) 8,787.18 8,6460.09 5.9717,05110,307.018,787.18FHLB Dallas-Money Fund 94,936.24 10.98 0.012194,936.2494,936.24MM Funds/NOW Accounts 242,437.97 12.51 0.6001242,437.97242,437.97CD's - Interest monthly/quarterly 2,170,713.49 54022.48 0.551722,170,713.492,170,713.49Bank Accounts 661,115.62 16.85 0.0111661,115.62661,115.62

9,658,338.51 100.00%Investments

9,664,263.519,657,990.50 563 334 0.592

Cash and Accrued Interest

9,658,394.07Total Cash and Investments55.56Subtotal55.56

9,664,319.079,657,990.50

55.56

55.56

563 334 0.592

Accrued Interest at Purchase

Current YearJune 30

3,794.61Fiscal Year To Date

36,894.49Total Earnings Month Ending

The following reports are submitted in accordance with the Public Funds Investment Act (Texas Gov't Code 2256). The reports also offer supplemental information not required by the Act in order to fullyinform the governing body of the Texas State Affordable Housing Corporation of the position and activity within the Corporation's portfolio of investments. The reports include a management summaryoverview, a detailed inventory report for the end of the period, a transaction report, as well as graphic representations of the portfolio to provide full disclosure to the governing body.

__________________________________________________ ____________________Melinda Smith, Chief Financial Officer

Portfolio TSAHAPData Updated: SET_TSAH: 07/17/2015 16:43

Reporting period 06/01/2015-06/30/2015

Run Date: 07/17/2015 - 16:44 PM (PRF_PM1) 7.3.0Report Ver. 7.3.5

Texas State Affordable HousingSummary by Type

Grouped by Fund



-June 30, 2015

Security Type% of

PortfolioAverage Days

to MaturityPar

ValueNumber of

InvestmentsAverageYTM 365Book Value

Fund: Bunker Hill Debt

Bank Accounts 22,850.46 0.24 11 0.03022,850.46

Subtotal 1 22,850.46 0.24 10.03022,850.46

Fund: Bunker Hill Operating

Bank Accounts 22,840.20 0.24 11 0.03022,840.20

Subtotal 1 22,840.20 0.24 10.03022,840.20

Fund: Bunker Hill Replacement Res

Bank Accounts 39,367.49 0.41 11 0.03039,367.49

Subtotal 1 39,367.49 0.41 10.03039,367.49

Fund: General Investments

CD's - Interest monthly/quarterly 2,170,713.49 22.48 724 0.5512,170,713.49

Bank Accounts 172,167.34 1.78 11 0.000172,167.34

Federal Agency Coupon Securities 5,500,160.69 56.95 5387 0.6995,500,000.00

FHLB Dallas-Money Fund 94,936.24 0.98 11 0.01294,936.24

Pass Through Securities (GNMA) 8,787.18 0.09 7,0511 5.9718,787.18

CD's - Interest at Maturity 735,000.00 7.61 553 0.500735,000.00

MM Funds/NOW Accounts 242,437.97 2.51 12 0.600242,437.97

Negotiable CDs - 2 245,187.32 2.54 401 0.400245,000.00

Subtotal 20 9,169,390.23 94.94 3520.6229,169,042.22

Fund: Heart of Texas DPA

Bank Accounts 158,737.46 1.64 11 0.000158,737.46

Subtotal 1 158,737.46 1.64 10.000158,737.46

Fund: NFMC Account

Bank Accounts 0.00 0.00 01 0.0000.00

Subtotal 1 0.00 0.00 00.0000.00

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:39 ST (PRF_ST) 7.2.0Report Ver. 7.3.5

Security Type% of

PortfolioAverage Days

to MaturityPar

Value

Grouped by Fund

Page 2Summary by TypeTexas State Affordable Housing

Number ofInvestments

June 30, 2015

AverageYTM 365Book Value

Fund: Neighborhood Stabilization Pro

Bank Accounts 17,193.17 0.18 11 0.00017,193.17

Subtotal 1 17,193.17 0.18 10.00017,193.17

Fund: Rita Blanca Reserve

Bank Accounts 7,540.64 0.08 11 0.0007,540.64

Subtotal 1 7,540.64 0.08 10.0007,540.64

Fund: Sagebrush Apartments - Debt

Bank Accounts 39,210.69 0.41 11 0.03039,210.69

Subtotal 1 39,210.69 0.41 10.03039,210.69

Fund: Sagebrush Apartments - Oper.

Bank Accounts 23,197.59 0.24 11 0.03023,197.59

Subtotal 1 23,197.59 0.24 10.03023,197.59

Fund: Sagebrush Replacement Res

Bank Accounts 95,596.24 0.99 11 0.03095,596.24

Subtotal 1 95,596.24 0.99 10.03095,596.24

Fund: Texas Foreclosure Prevention

Bank Accounts 0.00 0.00 01 0.0000.00

Subtotal 1 0.00 0.00 00.0000.00

Fund: Wells Fargo - CDC

Bank Accounts 4,772.50 0.05 11 0.0004,772.50

Subtotal 1 4,772.50 0.05 10.0004,772.50

Fund: Willows Operating

Bank Accounts 0.00 0.00 01 0.0000.00

Subtotal 1 0.00 0.00 00.0000.00

Fund: Willows Replacement Reserve

Bank Accounts 57,641.84 0.60 11 0.00057,641.84

Subtotal 1 57,641.84 0.60 10.00057,641.84

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:39 ST (PRF_ST) 7.2.0Report Ver. 7.3.5

Total and Average 34 9,658,338.51 100.00 3340.5929,657,990.50

Texas State Affordable HousingPatterson & Associates

901 S. MoPacSuite 195

Austin, TX 78746 -

June 30, 2015

Fund BHDEBT - Bunker Hill DebtInvestments by Fund

Par ValueDays ToMaturity

MaturityDate

CurrentRateMarket ValueCUSIP Investment # Issuer

PurchaseDate Book Value

YTM360

YTM365

Bank AccountsFrost Bank Checking76 22,850.46591398016 10.03004/20/2010 22,850.46 0.029 0.03022,850.46

Subtotal and Average 22,850.46 22,850.46 22,850.46 0.030 0.030 1

Total Investments and Average 22,850.46 22,850.46 22,850.46 0.030 0.030 1

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:38 FI (PRF_FI) 7.1.1Report Ver. 7.3.5

June 30, 2015


MaturityDate

CurrentRateMarket Value

Fund BHOPER - Bunker Hill OperatingInvestments by Fund Page 2

CUSIP Investment # IssuerPurchase

Date Book ValueYTM360

YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund BHRR - Bunker Hill Replacement ResInvestments by Fund Page 3



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund GENERAL - General InvestmentsInvestments by Fund Page 4



YTM365

CD's - Interest at MaturityBank of China CD FDIC# 33653141 245,000.0006426RP49 08/20/2015 500.60008/20/2014 245,107.07 0.591 0.600245,000.00Goldman Sachs CD FDIC# 33124144 245,000.0038147J2Y7 08/27/2015 570.40008/27/2014 245,071.30 0.394 0.400245,000.00Safra Nat'l Bk CD FDIC# 26876145 245,000.0078658QEW9 08/28/2015 580.50008/28/2014 245,109.03 0.493 0.500245,000.00


Federal Agency Coupon SecuritiesFFCB Call Note151 500,000.003133EDWQ1 10/06/2016 4630.67002/24/2015 500,660.50 0.666 0.676499,978.60FFCB Call Note152 500,000.003133EDWQ1 10/06/2016 4630.67002/24/2015 500,660.50 0.666 0.676499,978.60FHLB Call Note149 500,000.003130A3ME1 09/30/2016 4570.55012/30/2014 500,470.50 0.624 0.633500,000.00FHLB Call Note155 1,250,000.003130A5C72 05/27/2016 3310.40006/01/2015 1,250,271.25 0.369 0.3741,250,203.49FHLMC Call Note135 1,000,000.003134G4Z92 04/17/2017 6560.87504/23/2014 1,003,118.00 0.871 0.8831,000,000.00FHLMC Call Note136 500,000.003134G56P5 06/24/2016 3590.50006/24/2014 500,136.00 0.493 0.500500,000.00FHLMC Call Note156 1,250,000.003134G65M1 09/22/2017 8141.00006/29/2015 1,248,930.00 0.986 1.0001,250,000.00

Subtotal and Average 5,500,160.69 5,500,000.00 5,504,246.75 0.689 0.699 537

Negotiable CDs - 2Sallie Mae Bank CD FDIC# 58177142 245,000.00795450NT8 08/10/2015 401.10008/25/2014 245,219.03 0.394 0.400245,187.32


Pass Through Securities (GNMA)Gov't National Mtg. Assn100 8,787.1836201LFC3 10/20/2034 7,0515.99002/17/2011 10,307.01 5.889 5.9718,787.18

Subtotal and Average 8,787.18 8,787.18 10,307.01 5.889 5.971 7,051

FHLB Dallas-Money FundFHLB Money Market Fund9002 94,936.24999999995 10.01209/01/2006 94,936.24 0.011 0.01194,936.24


MM Funds/NOW AccountsAustin Capital Bank MM83 242,437.975001506 10.60010/20/2010 242,437.97 0.591 0.600242,437.97Hillcrest Bank NOW Account52 0.0020115959 10.05007/31/2009 0.00 0.049 0.0500.00


Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund GENERAL - General InvestmentsInvestments by Fund Page 5



YTM365

CD's - Interest monthly/quarterlyEast West Bank137 756,647.74172088715A 07/12/2015 110.40007/12/2014 756,647.74 0.394 0.400756,647.74East West Bank138 45,365.75172002714 08/01/2015 310.40008/01/2014 45,365.75 0.394 0.40045,365.75Hillcrest Bank CD130 1,006,000.008410000117 07/13/2015 120.60012/13/2013 1,006,000.00 0.591 0.6001,006,000.00Hillcrest Bank CD134 362,700.008310000287 07/04/2016 3690.75004/04/2014 362,700.00 0.739 0.750362,700.00

Subtotal and Average 2,170,713.49 2,170,713.49 2,170,713.49 0.544 0.551 71

Bank AccountsFrost Bank Checking69 172,167.34591359967 103/05/2010 172,167.34172,167.34


Total Investments and Average 9,169,390.23 9,169,042.22 9,175,315.23 0.614 0.622 351

Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund HRTTX - Heart of Texas DPAInvestments by Fund Page 6



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund NFMC - NFMC AccountInvestments by Fund Page 7



YTM365

Bank AccountsFrost Bank Checking68 0.00591359924 103/16/2010 0.000.00

Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0

Total Investments and Average 0.00 0.00 0.00 0.000 0.000 0

Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund NSP - Neighborhood Stabilization ProInvestments by Fund Page 8



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund RBRES - Rita Blanca ReserveInvestments by Fund Page 9



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund SBDEBT - Sagebrush Apartments - DebtInvestments by Fund Page 10



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund SBOPER - Sagebrush Apartments - Oper.Investments by Fund Page 11



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund SBRR - Sagebrush Replacement ResInvestments by Fund Page 12



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund TXFORE - Texas Foreclosure PreventionInvestments by Fund Page 13



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund WELLS - Wells Fargo - CDCInvestments by Fund Page 14



YTM365

Bank AccountsWells Fargo Non-Profit Chkg0014 4,772.50999999994 109/01/2006 4,772.504,772.50



Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund WOPER - Willows OperatingInvestments by Fund Page 15



YTM365




Portfolio TSAHAP


June 30, 2015


MaturityDate


Fund WRR - Willows Replacement ReserveInvestments by Fund Page 16



YTM365




Portfolio TSAHAP




-

Texas State Affordable HousingCash Reconciliation Report

For the Period June 1, 2015 - June 30, 2015Grouped by Fund

ParValue Cash

Trans.TypeInvestment # Fund Security ID

Trans.Date Security Description

MaturityDate Interest RedemptionsPurchases

General Investments05/27/201615506/01/2015 PurchaseGENERAL 3130A5C72 1,250,000.00 FHLBC 1.3M 0.40% Mat. 05/27/2016 -1,250,312.50 -55.56 0.00 -1,250,368.0606/10/201615406/10/2015 InterestGENERAL 3130A4JF0 1,000,000.00 FHLBC 1.0M 0.45% Mat. 06/10/2016 0.00 1,125.00 0.00 1,125.0006/10/201615406/10/2015 CallGENERAL 3130A4JF0 1,000,000.00 0.0M 0.45% 0.00 0.00 1,000,000.00 1,000,000.0010/20/203410006/20/2015 InterestGENERAL 36201LFC3 22,957.26 GNMA 0.0M 5.99% Mat. 10/20/2034 0.00 44.01 29.79 73.8006/24/201613606/24/2015 InterestGENERAL 3134G56P5 500,000.00 FHLMCC 0.5M 0.50% Mat. 0.00 1,250.00 0.00 1,250.0009/22/201715606/29/2015 PurchaseGENERAL 3134G65M1 1,250,000.00 FHLMCC 1.3M 1.00% Mat. -1,250,000.00 0.00 0.00 -1,250,000.0007/12/201513706/30/2015 InterestGENERAL 172088715A 753,718.06 EWB 0.8M 0.40% Mat. 07/12/2015 0.00 754.20 0.00 754.2007/12/201513706/30/2015 InterestGENERAL 172088715A 753,718.06 EWB 0.8M 0.40% Mat. 07/12/2015 -754.20 0.00 0.00 -754.2008/01/201513806/30/2015 InterestGENERAL 172002714 45,200.00 EWB 0.0M 0.40% Mat. 08/01/2015 0.00 45.22 0.00 45.2208/01/201513806/30/2015 InterestGENERAL 172002714 45,200.00 EWB 0.0M 0.40% Mat. 08/01/2015 -45.22 0.00 0.00 -45.22

Subtotal -2,501,111.92 3,162.87 1,000,029.79 -1,497,919.26

Total -2,501,111.92 3,162.87 1,000,029.79 -1,497,919.26

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:41 AC (PRF_AC) 7.2.0Report Ver. 7.3.5



-

Texas State Affordable HousingPurchases Report

Sorted by Fund - FundJune 1, 2015 - June 30, 2015

OriginalPar Value

EndingBook Value

Sec.TypeFund

MaturityYTM

Accrued Interestat PurchasePayment Periods DateCUSIP Investment # Issuer

PurchaseDate

PrincipalPurchased

Rate atPurchase

General Investments1,250,000.00 0.400 05/27/2016 1,250,203.491,250,312.50 55.5606/01/2015 0.37511/27 - 05/27FHLBC1553130A5C72 FACGENERAL1,250,000.00 1.000 09/22/2017 1,250,000.001,250,000.0006/29/2015 1.00009/22 - 03/22FHLMCC1563134G65M1 FACGENERAL

Subtotal 2,500,203.492,500,312.50 55.562,500,000.00

2,500,312.50Total Purchases 2,500,000.00 55.56 2,500,203.49

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:39 PU (PRF_PU) 7.1.1Report Ver. 7.3.5



-

Texas State Affordable HousingSales/Call Report

Sorted by Maturity Date - FundJune 1, 2015 - June 30, 2015

Redem. Date RedemptionPrincipal

RedemptionInterest

Book Valueat Redem.

TotalAmount Net IncomeFund Matur. Date

Rate atRedem.

ParValueSec. TypeCUSIP Investment #

Issuer PurchaseDate

06/10/20161,000,000.00 1,000,000.00 1,000,000.00 1,125.001543130A4JF0 06/10/2015 1,001,125.00 1,125.00GENERAL FHLBC

FAC 06/10/201603/10/2015 0.450

Call

Subtotal 1,000,000.00 1,000,000.00 1,125.001,000,000.00 1,001,125.00 1,125.00

1,000,000.00Total Sales 1,000,000.00 1,125.001,000,000.00 1,001,125.00 1,125.00

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:40 SA (PRF_SA) 7.1.1Report Ver. 7.3.5

Texas State Affordable HousingInterest Earnings



-Sorted by Fund - FundJune 1, 2015 - June 30, 2015Yield on Average Book Value

MaturityDate

CurrentRate

EndingPar Value

AverageSecurityTypeFund Book Value

BeginningBook Value

Adjusted Interest Earnings

AccretionAmortization/

EarningsAdjusted InterestAnnualized

YieldCUSIP Investment #InterestEarned

Fund: Bunker Hill Debt22,849.9276 22,850.46 0.030RR5 0.56 0.00 0.560.030BHDEBT 22,849.90591398016

22,850.46Subtotal 22,849.92 0.030 0.560.000.5622,849.90

Fund: Bunker Hill Operating22,839.6675 22,840.20 0.030RR5 0.56 0.00 0.560.030BHOPER 22,839.64591398261

22,840.20Subtotal 22,839.66 0.030 0.560.000.5622,839.64

Fund: Bunker Hill Replacement Res39,122.1277 39,367.49 0.030RR5 0.96 0.00 0.960.030BHRR 38,449.87591398288

39,367.49Subtotal 39,122.12 0.030 0.960.000.9638,449.87

Fund: General Investments93,976.379002 94,936.24 0.012RR2 0.90 0.00 0.900.012GENERAL 103,970.68999999995

500,000.00149 500,000.00 0.550FAC 09/30/2016 229.17 0.00 229.170.558GENERAL 500,000.003130A3ME11,250,256.18155 1,250,000.00 0.400FAC 05/27/2016 416.66 -109.01 307.650.299GENERAL 0.003130A5C72

299,996.00154 0.00 0.450FAC 06/10/2016 112.50 30.00 142.500.578GENERAL 999,970.003130A4JF01,006,000.00130 1,006,000.00 0.600RR4 07/13/2015 496.11 0.00 496.110.600GENERAL 1,006,000.008410000117

362,700.00134 362,700.00 0.750RR4 07/04/2016 223.58 0.00 223.580.750GENERAL 362,700.008310000287500,000.00136 500,000.00 0.500FAC 06/24/2016 208.33 0.00 208.330.507GENERAL 500,000.003134G56P5

83,333.33156 1,250,000.00 1.000FAC 09/22/2017 69.44 0.00 69.441.014GENERAL 0.003134G65M11,000,000.00135 1,000,000.00 0.875FAC 04/17/2017 729.17 0.00 729.170.887GENERAL 1,000,000.003134G4Z92

8,806.05100 8,787.18 5.990GN1 10/20/2034 43.86 0.00 43.860.202GENERAL 8,816.9736201LFC3755,918.68137 756,647.74 0.400RR4 07/12/2015 248.64 0.00 248.640.400GENERAL 755,893.54172088715A

45,322.04138 45,365.75 0.400RR4 08/01/2015 14.91 0.00 14.910.400GENERAL 45,320.53172002714245,000.00141 245,000.00 0.600BCD 08/20/2015 120.82 0.00 120.820.600GENERAL 245,000.0006426RP49245,255.22142 245,000.00 1.100MC2 08/10/2015 221.50 -140.49 81.010.402GENERAL 245,327.81795450NT8245,000.00144 245,000.00 0.400BCD 08/27/2015 80.55 0.00 80.550.400GENERAL 245,000.0038147J2Y7245,000.00145 245,000.00 0.500BCD 08/28/2015 100.68 0.00 100.680.500GENERAL 245,000.0078658QEW9242,322.4583 242,437.97 0.600RR3 119.50 0.00 119.500.600GENERAL 242,318.475001506

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:42 IE (PRF_IE) 7.2.0Report Ver. 7.3.5

MaturityDate

CurrentRate

EndingPar Value

AverageSecurityTypeFund

Page 2

Book ValueBeginning

Book Value

Adjusted Interest Earnings

AccretionAmortization/

EarningsAdjusted Interest

June 1, 2015 - June 30, 2015Interest Earnings

Texas State Affordable Housing

AnnualizedYieldCUSIP Investment #

InterestEarned

Fund: General Investments499,975.34151 500,000.00 0.670FAC 10/06/2016 279.16 6.75 285.910.696GENERAL 499,971.853133EDWQ1499,975.34152 500,000.00 0.670FAC 10/06/2016 279.16 6.75 285.910.696GENERAL 499,971.853133EDWQ1

8,996,874.88Subtotal 8,128,837.00 0.567 3,788.64-206.003,994.647,505,261.70

Fund: Sagebrush Apartments - Debt39,209.7579 39,210.69 0.030RR5 0.97 0.00 0.970.030SBDEBT 39,209.72591398253

39,210.69Subtotal 39,209.75 0.030 0.970.000.9739,209.72

Fund: Sagebrush Apartments - Oper.23,197.0478 23,197.59 0.030RR5 0.57 0.00 0.570.030SBOPER 23,197.02591398237

23,197.59Subtotal 23,197.04 0.030 0.570.000.5723,197.02

Fund: Sagebrush Replacement Res95,260.6480 95,596.24 0.030RR5 2.35 0.00 2.350.030SBRR 94,343.89591398245

95,596.24Subtotal 95,260.64 0.030 2.350.002.3594,343.89

9,239,937.55Total 8,371,316.12 0.551 3,794.61-206.004,000.617,746,151.74

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:42 IE (PRF_IE) 7.2.0Report Ver. 7.3.5

Texas State Affordable HousingAmortization Schedule



-June 1, 2015 - June 30, 2015Sorted By Fund - Fund

Original Premiumor Discount

Maturity Date

Current Rate

Beginning Par ValueEnding

Book ValueAmount Amortized

This PeriodAmort. DateFund

Amounts AmortizedAnd UnamortizedAs of 06/01/2015

Amt Amortized Through 06/30/2015

Amount Unamortized Through 06/30/2015

Investment #

IssuerPurchasePrincipal

General Investments

-50.00151 500,000.000.670

10/06/2016 499,978.60 21.85-28.15

GENERAL10/06/2015

6.75 -21.40499,950.00FFCB Call Note

28.60

-50.00152 500,000.000.670

10/06/2016 499,978.60 21.85-28.15

GENERAL10/06/2015

6.75 -21.40499,950.00FFCB Call Note

28.60

-725.00149 500,000.000.550

09/30/2016 500,000.00 725.000.00

GENERAL03/30/2015

0.00 0.00499,275.00FHLB Call Note

725.00

-300.00154 1,000,000.000.450

06/10/2016 0.00 270.00-30.00

GENERAL06/10/2015

30.00 0.00999,700.00FHLB Call Note

300.00

312.50155 1,250,000.000.400

05/27/2016 1,250,203.49 0.00312.50

GENERAL08/27/2015

-109.01 203.491,250,312.50FHLB Call Note

-109.01

-250.00135 1,000,000.000.875

04/17/2017 1,000,000.00 250.000.00

GENERAL10/17/2014

0.00 0.00999,750.00FHLMC Call Note

250.00

1,639.05142 245,000.001.100

08/10/2015 245,187.32 -1,311.24327.81

GENERAL -140.49 187.32246,639.05Sallie Mae Bank CD FDIC# 58177

-1,451.73

576.55 -206.00Subtotal 3,995,348.01 -22.54554.01

348.014,995,576.55 -228.54

576.55 -206.003,995,348.01 -22.54554.01

348.014,995,576.55Total -228.54

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:43 AS (PRF_ASW) 7.2.1Report Ver. 7.3.5

Texas State Affordable HousingProjected Cashflow Report



-Sorted by MonthlyFor the Period July 1, 2015 - January 31, 2016

InterestOriginal CostSecurity ID TotalPrincipalFundTransactionTypeInvestment # Issuer Par Value

ProjectedTrans. Date

August 2015Sallie Mae Bank CD FDIC# 58177142 795450NT8 0.000.0008/08/2015 GENERAL 1,336.42Interest 0.00 1,336.42Sallie Mae Bank CD FDIC# 58177142 795450NT8 245,000.00245,000.0008/10/2015 GENERAL 14.77Maturity 246,639.05 245,014.77Bank of China CD FDIC# 33653141 06426RP49 245,000.00245,000.0008/20/2015 GENERAL 1,470.00Maturity 245,000.00 246,470.00Goldman Sachs CD FDIC# 33124144 38147J2Y7 245,000.00245,000.0008/27/2015 GENERAL 980.00Maturity 245,000.00 245,980.00FHLB Call Note155 3130A5C72 1,250,000.001,250,000.0008/27/2015 GENERAL 0.00Call 1,250,312.50 1,250,000.00Safra Nat'l Bk CD FDIC# 26876145 78658QEW9 245,000.00245,000.0008/28/2015 GENERAL 1,225.00Maturity 245,000.00 246,225.00

Total for August 2015 2,230,000.002,230,000.00 5,026.192,231,951.55 2,235,026.19

September 2015FHLMC Call Note156 3134G65M1 0.000.0009/22/2015 GENERAL 2,881.94Interest 0.00 2,881.94FHLMC Call Note156 3134G65M1 1,250,000.001,250,000.0009/22/2015 GENERAL 0.00Call 1,250,000.00 1,250,000.00FHLMC Call Note136 3134G56P5 500,000.00500,000.0009/24/2015 GENERAL 0.00Call 500,000.00 500,000.00FHLB Call Note149 3130A3ME1 0.000.0009/30/2015 GENERAL 1,375.00Interest 0.00 1,375.00FHLB Call Note149 3130A3ME1 500,000.00500,000.0009/30/2015 GENERAL 0.00Call 499,275.00 500,000.00

Total for September 2015 2,250,000.002,250,000.00 4,256.942,249,275.00 2,254,256.94

October 2015FFCB Call Note151 3133EDWQ1 0.000.0010/06/2015 GENERAL 1,675.00Interest 0.00 1,675.00FFCB Call Note151 3133EDWQ1 500,000.00500,000.0010/06/2015 GENERAL 0.00Call 499,950.00 500,000.00FFCB Call Note152 3133EDWQ1 0.000.0010/06/2015 GENERAL 1,675.00Interest 0.00 1,675.00FFCB Call Note152 3133EDWQ1 500,000.00500,000.0010/06/2015 GENERAL 0.00Call 499,950.00 500,000.00FHLMC Call Note135 3134G4Z92 0.000.0010/17/2015 GENERAL 4,375.00Interest 0.00 4,375.00

Total for October 2015 1,000,000.001,000,000.00 7,725.00999,900.00 1,007,725.00

November 2015FHLB Call Note155 3130A5C72 0.000.0011/27/2015 GENERAL 2,500.00Interest 0.00 2,500.00

Total for November 2015 0.000.00 2,500.000.00 2,500.00

December 2015FHLMC Call Note136 3134G56P5 0.000.0012/24/2015 GENERAL 1,250.00Interest 0.00 1,250.00

Total for December 2015 0.000.00 1,250.000.00 1,250.00

5,480,000.005,480,000.00 20,758.135,481,126.55 5,500,758.13GRAND TOTALS:

Portfolio TSAHAP

Run Date: 07/17/2015 - 16:41 PC (PRF_PC) 7.2.0Report Ver. 7.3.5

BOARD MEETING TEXAS STATE AFFORDABLE HOUSING CORPORATION

Held at the offices of Texas State Affordable Housing Corporation

2200 E. Martin Luther King Jr. Blvd. Austin, TX 78702

July 9, 2015 at 10:30 am

Summary of Minutes Call to Order, Roll Call Certification of Quorum The Board Meeting of the Texas State Affordable Housing Corporation (the “Corporation”) was called to order by Bob Jones, Chair, at 10:30 am, on July 9, 2015, at the offices of Texas State Affordable Housing Corporation, 2200 E. Martin Luther King Jr. Blvd, Austin, TX 78702. Roll Call certified that a quorum was present. Members Present Bob Jones, Chair Jerry Romero, Member Gerry Evenwel, Member Members Absent Bill Dietz, Vice Chair Alex Meade, Member Staff Present Tim Almquist, Single Family Compliance Manager Katie Claflin, Senior Development Coordinator David Danenfelzer, Development Finance Manager Delia Davila, Single Family Compliance Specialist Sarah Ellinor, Homeownership Programs Coordinator Cynthia Gonzales, Office Manager and Assistant Corporate Secretary David Long, President Celina Mizcles, Senior Multifamily Analyst Paige Omohundro, Homeownership Finance Manager Laura Ross, Corporate Secretary Melinda Smith, Chief Financial Officer Janie Taylor, Manager of Development & Strategic Communications Michael Wilt, External Relations Specialist Guests Greg Hasty, Wilmington Trust Stephen McPherson, Wilmington Trust Katie Van Dyk, Greenberg Traurig LLP Allison Winney, Speakers Office JD Pedraza, State House Committee on Urban Affairs

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Tim Fluetsch, Dawson Holdings Public Comment No public comment was given. President’s Report Mr. Long began by referring the board to the program and financial reports included in the board packet. He noted that this month staff had also included a report on the 84th Legislative Session which included a list of bills that staff had tracked during session. Mr. Long presented the members with a copy of the 2014 Annual Report. He thanked Ms. Taylor, Ms. Claflin and Ms. Ross for their work in putting it together. Mr. Long provided an update on the Rollins-Martin apartment complex in East Austin. He informed the board that the Corporation was pending final approval by TDHCA of the ownership transfer application for Rollins-Martin. He noted that the application process required TDHCA to review our application in conjunction with the seller to complete the purchase. Pending approval, the Corporation anticipated closing on the purchase of Rollins-Martin on July 22nd. Mr. Long informed the board of a home donation event that took place in Greenville, Texas on June 30th under the Affordable Communities of Texas (ACT) Program. The home was donated to former Sergeant Dereck Evans. Mr. Danenfelzer, Ms. Taylor and Mr. Long attended the donation event which was held in conjunction with Tarrant County Housing Partnership and Brook Community Development, the local partner who developed and rehabbed the home. Also in attendance at the event was Congressman Ratcliff along with other state and local officials. Mr. Long updated the board on Mortgage Free Monday, a drawing held by the Corporation in honor of June being National Homeownership Month. On June 29th, the Corporation randomly selected five home owners who closed on their home loans between April 1st and June 26th. These five homeowners would have one month’s mortgage payment paid by the Corporation as a result of their selection under the Mortgage Free Monday drawing. Under the Texas Foundations Fund, Mr. Long stated that staff continued to review applications. They anticipated meeting with the Advisory Council to determine funding recommendations in August and would bring those recommendations to the board for approval at the September board meeting. Mr. Long informed the board that he, Ms. Bayless, Ms. Smith and Mr. Lawrence had attend the Texas Municipal League’s public funds investment act training. Designated Investment Officers were required by the Public Funds Investment Act to complete ten hours of training in public funds investments every two years. Mr. Long thanked Mr. Romero for meeting with him and Mr. Russ Vandenburg, the El Paso representative on the Advisory Council for the Texas Foundations Fund. He also thanked him for joining him in other meetings during Mr. Long’s visit to El Paso. Mr. Long then thanked Mr. Dietz for meeting with him in Waco and being a part of the Texas Foundations Fund working group conference call. He noted that Mr. Romero also participated on the working group call.

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Mr. Long informed the board that Ms. Taylor, Mr. Danenfelzer and Mr. Long had met with Mr. Roy Lopez, Community Development Officer with Federal Reserve Bank of Dallas. The Corporation would be a partnering sponsor for the upcoming summit in McAllen on Texas Colonias: Las Colonias in the 21st Century – Program along the Texas-Mexico border. Mr. Long stated that the summit would be held at the end of the month and he, Ms. Taylor and Mr. Wilt would be attending on behalf of the Corporation. Mr. Long noted that Ms. Taylor, Ms. Bayless and Ms. Claflin would be making a presentation at the next Office of Comptroller of Currency (OCC) roundtable which would discuss the Community Reinvestment Act (CRA). Mr. Long informed the board of the meetings and events the Homeownership staff would be attending over the next few weeks, including the Affordable Homes of South Texas Homebuyer Fair, the Wells Fargo Homebuyer Fair in Houston and the El Paso Board of Realtors luncheon. Mr. Long provided an update on the office building located at 1910 E. MLK. He noted that construction activities were underway and significant progress had been made. The tentative completion date was September 1st. Mr. Long informed the board that Ms. Ellinor and Ms. Omohundro had been certified by the Texas Association of Realtors (TAR) to teach a class on Overcoming the Down Payment Hurdle. The classes would be conducted across the stated and attended by lenders and realtors alike. The class was worth one free credit towards a realtor’s TREC-approved mandatory continuing education. Mr. Long introduced the guests in attendance at the meeting which included Ms. Allison Winney with the Office of Speaker Joe Straus and Ms. JD Pedraza who was Committee Clerk for the House Committee on Urban Affairs. Also in attendance were Ms. Van Dyk, general counsel for the Corporation, and Mr. Hasty and Mr. McPherson with Wilmington Trust. Mr. Evenwel complemented staff on the 2014 Annual Report. Mr. Jones commented on how much he enjoyed the blog and newsletters that staff sent out. Mr. Jones asked for public comment on the President’s report and none was given. Tab 1 Presentation, Discussion and Possible Approval of Minutes of the Board

Meeting held on June 11, 2015. Mr. Evenwel made a motion to approve the minutes of the Board Meeting held on June 11, 2015. Mr. Romero seconded the motion. Mr. Jones asked for public comment and none was given. A vote was taken on the motion and it passed unanimously. Tab 2 Presentation, Discussion and Possible Approval of the Texas State

Affordable Housing Corporation’s 2016 Investment Policy. Mr. Long explained that the Investment Policy was on the agenda for approval today via formal resolution. The broker listing under Tab 3 was also on the agenda this month due to abstentions in June that prevented it from being voted on at that time. Regarding the Investment Policy, Mr. Long pointed out that a change had been made to language for the reinvestment of funds in mortgage backed securities. Due to the term length of those

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investments, the allowable length of time for those investments had been changed from 20 to 30 years in the Investment Policy. Ms. Smith confirmed that this was the only substantive change. The term “surplus bond funds” had also been changed to “surplus funds”. Ms. Van Dyk clarified that the Policy before the board showed the cumulative changes made to last year’s Investment Policy. Mr. Jones asked why the term had been changed from 20 to 30 years and Ms. Smith explained that it was possible the securities the Corporation may have the opportunity to invest in could have a maturity term of up to 30 years. Changing the allowable term length ensured that we wouldn’t be out of compliance with our own policy. Mr. Romero made a motion to approve the Texas State Affordable Housing Corporation’s 2016 Investment Policy. Mr. Evenwel seconded the motion. Mr. Jones asked for public comment and none was given. A vote was taken on the motion and it passed unanimously. Tab 3 Presentation, Discussion and Possible Approval of the Texas State

Affordable Housing Corporation’s 2016 Broker Listing. Mr. Long explained that when the Broker Listing was presented to the board in June, a quorum wasn’t available to vote due to abstentions. Today however, a vote could be taken on the item because a majority of those present would be able to vote. He noted that nothing on the list had changed, other than adding the word “broker” in the first paragraph which had been the board’s suggestion at the previous meeting. It made the list more consistent with the Investment Policy. Mr. Evenwel made a motion to approve the Texas State Affordable Housing Corporation’s 2016 Broker Listing. Mr. Jones seconded the motion. He asked for public comment and none was given. A vote was taken and the motion passed with Mr. Evenwel and Mr. Jones voting yes, and Mr. Romero abstaining. Tab 4 Presentation, Discussion and Possible Approval of a Resolution Regarding

the Submission of one or more Applications for Allocation of Private Activity Bonds, Notice of Intention to Issue Bonds and State Bond Application to the Texas Bond Review Board and Declaration of Expectation to Reimburse Expenditures with Proceeds of Future Debt for the Woodside Village Apartments Project.

Mr. Danenfelzer explained that the developer, Dawson Holdings (DHI), had submitted an application to purchase and rehab an affordable housing property in Palestine consisting of 92 units in need of repair and updating. Mr. Danenfelzer stated that staff was asking for the board’s approval of an inducement resolution that would give staff the authority to move forward with conducting a full analysis of the project and submitting an application to the Bond Review Board (BRB) for a reservation of bonds. The applicant would then submit applications to the Texas Department of Housing and Community Affairs (TDHCA) for tax credits and the Federal Housing Administration (FHA) for long term financing. Mr. Danenfelzer noted that the proposed project was very similar to the Gateway Northwest Apartments project, a transaction approved by the board in 2012 for short term financing. Mr. Danenfelzer explained that the bonds for the proposed project would be issued for two to three years and would be used for the acquisition and renovation of the property. After the renovations were complete and the property was occupied, the bonds would be repaid in full by a mortgage provided by FHA. Mr. Danenfelzer explained that this financial structure had become

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common place in Texas and across the country due to higher interest rates on private activity bonds compared to interest rates on taxable bonds and loans. Mr. Danenfelzer explained that an FHA mortgage for long term financing provided a better interest rate than a traditional bond financing could. Mr. Danenfelzer stated that the review and application process following the approval of an inducement resolution would take four to five months. The inducement resolution would give staff the authority to submit the bond reservation application to the BRB. Public hearings would be held both in Palestine and in Austin to ensure that the federal regulations regarding public input and hearings were met. Also during that time, a full underwriting and analysis would occur. Following that, staff would bring the proposed project back before the board with formal recommendations. Mr. Danenfelzer explained that the property currently had direct assistance via a Housing Assistance Program (HAP) contract, or Section 8. This contract would be renegotiated upon the purchase of the property at which time HUD would require that the rents be adjusted along with the subsidy currently being provided. Mr. Jones asked about the current rental rates and Mr. Danenfelzer explained that they were high and that HUD wanted to see the property refinanced in order to lower those rates going forward. Mr. Jones asked how lowering the rates would allow for adequate financing. Mr. Tim Fluetsch with DHI, introduced himself to the board. He stated that while the rents were going down the utility costs were increasing, so the total cost HUD would be covering would end up remaining the same because it included a utility allowance and rental assistance. Payments would be restructured and a new 20 year contract for assistance would be put in place. Mr. Danenfelzer added that the debt repayment would also change because of the lower interest rate. Mr. Jones asked if the property was fully occupied and Mr. Fluetsch explained that there were only a few vacancies. He stated that the tenants paid 30% of their adjusted household income towards rent which covered rent and utilities. While the composition of rent and utilities would change, the responsibility of the tenants would remain the same because the amount they paid in rent would remain at 30% of their monthly income. Mr. Jones asked how often income was verified and Mr. Fluetsch explained that it was verified on an annual basis. Mr. Fluetsch stated that the property had been built in 1967, so substantial rehab was needed. He noted that the current owner had kept the property well maintained, however many of the systems including water and electrical were 50 years old and needed to be replaced. Mr. Jones asked if the repairs would be done while the units were occupied. Mr. Fluetsch stated that the work would be done during the day with the tenants being allowed to return after 4pm. The one exception was the units being converted to fully accessible. Those tenants would need alternative living arrangements for two to three weeks in order for the work to be done. Mr. Fluetsch added that an environmental assessment had shown that abatement would not be needed. Mr. Danenfelzer noted that the inducement resolution before the board would allow staff to move forward with the application to the BRB, along with allowing staff to investigate the project further and conduct the required public hearings. Mr. Jones asked about a timeline for the process and Mr. Fluetsch stated that it was DHI’s hope to close by the end of November. If that happened, then rehab would begin in January.

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Mr. Romero asked how many accessible units would be converted and Mr. Fleutsch stated that 5% of the units would be upgraded for accessibility for mobility, visually and hearing impaired individuals and families. Currently there were no accessible units due to the age of the property. Mr. Danenfelzer stated that 5% was the federal mandate and covered Fair Housing and ADA requirements. He noted that the property contained one, two, three and four bedroom units and the accessible units would all be located on the first floor. Parking would change with the renovations, however there would be more than sufficient space to add additional parking and accessible spots if need be. Mr. Romero made a motion to approve the Resolution Regarding the Submission of one or more Applications for Allocation of Private Activity Bonds, Notice of Intention to Issue Bonds and State Bond Application to the Texas Bond Review Board and Declaration of Expectation to Reimburse Expenditures with Proceeds of Future Debt for the Woodside Village Apartments Project. Mr. Evenwel seconded the motion. Mr. Jones asked for public comment and none was given. A vote was taken and the motion passed unanimously. Tab 5 Presentation, Discussion and Possible Approval of the Corporation’s Loan

Program Policies for the Texas Housing Impact Fund. Mr. Danenfelzer explained that staff wished to combine the direct lending programs under one program title, “Texas Housing Impact Fund”. Having two separate programs made it difficult to fundraise. Currently there are two sets of rules, regulations and policies that don’t always align or provide the flexibility needed by the Loan Committee in some instances. After discussions with the Loan Committees and the Marketing and Fundraising team, staff decided to unify the programs and rebrand the program. Mr. Danenfelzer explained that the first step in accomplishing this was to combine the two policies into one master policy that would provide more flexibility to the Loan Committee to make decisions about terms, conditions, interest rates and other factors related to new loans going forward. It would also give staff a concise way to talk about the program to both borrowers and funders. Mr. Danenfelzer briefly explained that the Interim Construction and Land Acquisition Loan Program (ICAP) had been used for single family projects such as rehab and new construction. In recent years, it had been used to support land banking activities under the Affordable Communities of Texas (ACT) Program. The multifamily direct lending program provided long term loans to rental properties. Regarding the combined policy included in the board packet, Mr. Danenfelzer explained that the eligible uses for the program remained the same as before. The underwriting rules and loan structures had been updated to allow for short term loans with extensions involving the ability to include rate adjustments. This would allow the Corporation to adjust rates based on current conditions. The aggregate exposure limit per borrower was increased from $2 million to $3 million to allow the Corporation the ability to do more than one project with the same developer. While the higher limit allowed for more than one project, it still limited exposure for each borrower. Mr. Romero asked why staff hadn’t used a percentage of total funding allowed per borrower instead. Mr. Danenfelzer noted that bank regulators didn’t recommend using a percentage because of the possibility for “gaming the system”. From the standpoint of risk, Mr. Romero commented on the importance of ensuring that no borrower had a substantial portion of the funding available under the program. Staff felt the $3 million cap was the best solution, providing a solid limit for the funds allowed per borrower. Mr. Danenfelzer noted that the policy allowed the board to make changes or allow exceptions to the policy at any time.

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Mr. Jones asked about the historical rate of default for loans under the programs. Mr. Danenfelzer stated that around $12 million in loans had been issued under the programs and while there had been defaults, there had been no instances of non-payment. He recalled that two loans under ICAP that were written off, however the funds were eventually recovered once the properties were sold. Some borrowers paid late, but to his knowledge the Corporation had been repaid for all the debts owed under the program. Mr. Danenfelzer commented that the Loan Committee mitigated a lot of the risk that came with the loan programs. Mr. Jones complimented staff on their good fiscal management of the program which ensured that the risk to these programs was mitigated. Mr. Romero suggested that Mr. Danenfelzer provide the board with a breakout of the direct lending loan portfolio and any current delinquencies. Mr. Evenwel referred to the final page, and inquired about the ability for individual borrowers to come before the board and request a waiver to program policies. Mr. Danenfelzer explained that if a borrower was requesting a waiver, the request to the board needed to come directly from the borrower. In that instance, staff would prepare a response to the request that would be presented at the same time and the board would then be able to make an informed decision. Turning back to the policy, Mr. Danenfelzer informed the board that under the combined program the Loan Committee structure had been reduced. The Committee was made up of one board member (currently Mr. Romero), the President, Executive Vice President and the Chief Financial Officer. Mr. Danenfelzer noted that he had previously sat on the Committee as manager of the programs. However, because he was the one who prepared the documents and presented the loans to the Committee for approval, it seemed appropriate that he be removed as a voting member of the Committee to avoid a conflict of interest. The manager of single family and the manager of asset management were also removed from the Committee. Mr. Danenfelzer noted that a majority of the quorum of members was required to pass a loan, and the Committee spent a lot of time in discussions about the loans with requests for more information. When that occurred, he would work with the applicant to gather the information requested. Mr. Danenfelzer made note of the other changes made to the policy, which included changing the length of loans allowed for a multifamily deal. Rather than always doing a 15 year loan, 5 year loans were now allowed under the Program. The default standards were updated for clarity and cohesiveness, and draw procedures were updated to provide flexibility to staff to meet the needs of the borrowers while limiting the risk to the Corporation on how draws were processed. Mr. Romero asked about including a cost of fund basis in the policy and Mr. Danenfelzer explained that because it would vary dependent on the funding source, it was not included. Each funding source might have a different interest rate, and so not including a specific cost of fund basis gave staff greater flexibility in the funds we used and the interest rate we set. Mr. Danenfelzer asked that the board consider approval for publishing the policy for public comment for a period of 30 days. The final policy would then be brought back to the board for approval. He noted this was standard procedure for the Corporation when program policies were updated. Mr. Evenwel made a motion to approve for public comment the loan program policies for the Texas Housing Impact Fund. Mr. Romero seconded Mr. Evenwel’s motion. Mr. Jones asked for public comment and none was given. A vote was taken and the motion passed unanimously.

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Open Meeting Mr. Long noted that the next board meeting was tentatively scheduled for August 13, 2015, and staff would follow-up with the board to confirm a quorum. Mr. Jones thanked staff for their hard work. He thanked Ms. Pedraza and Ms. Winney for attending the meeting. Lastly, he thanked Ms. Bynum for her diligent work in recording the meeting. Adjournment Mr. Jones adjourned the meeting at 11:31 am. Respectfully submitted by________________________________________________ Laura Ross, Corporate Secretary

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TEXAS STATE AFFORDABLE HOUSING CORPORATION

AUDIT COMMITTEE GUIDELINES (Submitted for Approval August 20, 2015)

These guidelines are intended to define the purposes, membership and responsibilities of the Audit Committee of the Texas State Affordable Housing Corporation (“the Corporation”). I. PURPOSES The Audit Committee is appointed by the Board of Directors to assist the Board in fulfilling its oversight responsibilities. The Audit Committee’s primary duties and responsibilities are to:

1. Monitor the integrity of the Corporation’s budgeting process, financial reporting process and systems of internal controls regarding finance, accounting, legal and ethics compliance.

2. Monitor the independence and performance of the Corporation’s independent

financial auditors who shall report directly to the Audit Committee.

3. Facilitate communication among the independent auditors, management, the CFO and the Board of Directors.

4. Monitor compliance by the Corporation and its directors, officers and

employees with all applicable laws, regulations, contracts, agreements, and grants and the Corporation’s code of ethics and conflict of interest policies.

5. Establish procedures for the receipt, retention and treatment of financial matters complaints and the confidential anonymous submission by employees regarding questionable accounting, fraud or abuse.

6. Report on its activities to the Board of Directors.

The Audit Committee has the authority to conduct any investigation appropriate to fulfilling its responsibilities and it has direct access to the independent auditors as well as anyone at the Corporation. The Audit Committee has the ability to retain, at the Corporation’s expense, special legal, accounting, or other consultants or experts it deems necessary in the performance of its duties. However, it is not the duty or responsibility of the Audit Committee or its members to conduct auditing or accounting review or procedures, and each member of the Audit Committee shall be entitled to rely on (i) the integrity of those persons and organizations within and outside the Corporation from which it receives information and (ii) the accuracy of the financial and other information provided to the Audit Committee by such persons or organizations.

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II. COMPOSITON AND MEETINGS The Audit Committee shall be comprised of four members, as determined by the Board of Directors, two of whom shall be directors of the Corporation. Any other board member will be eligible to serve as an alternate member of the Audit Committee and will serve if one of the other member Board directors is absent from the meeting. The Corporation’s President and Chief Financial Officer will serve as Ad Hoc members of the Committee. The two member board directors shall be free from any relationship that would interfere with the exercise of his or her independent judgment. All members of the Audit Committee shall have a basic understanding of finance and accounting and be able to read and understand fundamental financial statements, and at least one member of the Audit Committee shall have accounting or related financial management expertise. Audit Committee members shall be appointed on recommendation by the full Board of Directors. If a Chair of the Audit Committee is not designated or present, the members of the Audit Committee may designate a Chair by majority vote of the Audit Committee. A quorum for a meeting of the Audit Committee shall consist of at least three committee members, two of which must be Board members. Audit Committee members will be reimbursed for travel and other actual and reasonable expenses incurred in the conduct of official Audit Committee business. No member of the Audit Committee may accept any additional consulting, advisory or other compensatory fee from the Corporation or other organization. The Audit Committee shall meet a minimum of two times annually or more frequently if circumstances dictate. III. RESPONSIBILITIES AND DUTIES To carry out its purposes, the Audit Committee shall have the following duties and responsibilities: Review Procedures

1. Review and assess the adequacy of these guidelines at least annually and submit any proposed changes to the Board of Directors for approval.

2. Review and approve the Corporation’s proposed fiscal year operating budget

and any amendments thereto for the submission to the Board of Directors for approval.

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3. Review and approve the audited financial statements and any amendments thereto for submission to the Board of Directors for approval. The review should include discussion with management and independent auditors of significant issues regarding accounting and auditing principles, practices and judgments.

4. In consultation with the management, the CFO and independent auditors,

consider the integrity of the company’s financial reporting processes and controls. Discuss significant financial and non-financial risk exposures and the steps management has taken to monitor, control, and report such exposures. Review significant findings prepared by the independent auditors together with management’s responses.

5. Consider and approve, if appropriate, major changes to the Corporation’s

accounting principles as suggested by the independent auditors, management or CFO and any items required to be communicated by the independent auditors in accordance with Statement on Auditing Standards No. 115.

Independent Auditors

1. The independent auditors are ultimately accountable to the Audit Committee and the Board of Directors. The Audit Committee shall review the independence, qualifications and performance of the auditors and annually appoint the independent auditors or approve any discharge of auditors when circumstances warrant.

2. On an annual basis, the Audit Committee should review and discuss with the

independent auditors all significant relationships they have the Corporation that could impair the auditors’ independence.

3. Prior to releasing the audit report, discuss the results of the audit with the

independent auditors. Discuss certain matters required to be communicated to the Audit Committee in accordance with Statement on Auditing Standards No. 114 and No. 115, OMB Circular A-133, and any other standards required by applicable federal or state law or regulation.

4. Review with the independent auditor any management letter provided by the

auditor and the Corporation’s response to that letter. While the Audit Committee has the responsibilities and powers set forth in these guidelines, it is not the duty of the Audit Committee to plan or conduct audits or to determine that the Corporation’s financial statements are complete and accurate and are in accordance with generally accepted accounting principles. This is the responsibility of management and the independent auditor. Nor is it the duty of the Audit Committee to conduct investigations, to resolve disagreements, if any, between management and the independent auditor or to assure compliance with laws and regulations.

Texas State Affordable Housing Corporation Texas Housing Impact Fund

Policy and Guidelines

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1. Policy. This policy has been adopted by the Texas State Affordable Housing Corporation (the �Corporation�) in order to organize and codify its administration of the Texas Housing Impact Fund (the �Fund�). The Fund supports the Corporation�s mission to promote equal access to safe, decent, and affordable housing with an emphasis on serving rural and underserved markets. The Fund provides financing to non-profit and for-profit developers for the purpose of increasing and preserving the stock of affordable housing throughout the state of Texas.

2. Source of Funds. The primary source of monies available to the Fund are investments made by public and private entities into the Fund�s loan fund. The Corporation also commits its own funds to the Fund and borrows funds from public or private entities. All loan commitments will be conditioned upon the availability of funds.

3. Eligible Activities. The Corporation uses the Fund for:

a. Construction Loans: Short-term financing for acquisition, construction or rehabilitation of affordable multifamily rental housing;

b. Permanent Loans: Long-term financing for affordable multi-family rental housing that has been newly built or rehabilitated;

c. Revolving Lines of Credit: Financing for the acquisition, construction and/or rehabilitation of single family homes for sale to low-income households; and

d. Any other purpose deemed suitable under the Fund policies and approved by the Corporation�s Board.

4. Use of Loan Proceeds. Loan proceeds may be used for the acquisition of real property, on-site infrastructure, and the construction or rehabilitation of housing units. Loan proceeds may not be used for off-site infrastructure, administrative costs, general operating costs, or developer fees and profits. Eligible predevelopment and soft cost expenses may include, but are not limited to, environmental surveys, market assessments, engineering fees, architect fees, or other expenses approved by the Corporation.

5. Application Process. The Corporation accepts loan applications for eligible activities (�Developments�) on an ongoing basis. The Corporation will publish an application package to its website. Borrowers should download and complete the application pursuant to the guidelines included in the application. At a minimum, applications must be completed in the following manner:

a. All applications must be signed and dated as required in the application package;

b. The application submission fee must be submitted with the complete package;

c. Applications must be typewritten on the printed application provided by the Corporation. Handwritten applications will not be accepted: and

d. Electronic copies of an application must be readable using Adobe PDF Reader software. Each tab or attachment must be properly bookmarked. Scanned documents must be legible and printable on standard 11� by 8.5� paper.

6. Application Review.

a. Applications will be reviewed in the order they are accepted. Applications will be reviewed for Threshold Criteria (defined below) and, if thresholds are met, Underwriting Standards (defined below). The Corporation may delay the consideration of an application for an award if there are errors, omissions or insufficient documentation that the Corporation deems necessary to complete its review. If an application fails to fulfill the minimum Threshold Criteria for the Fund, the application will be terminated and notification will be provided to the borrower.

b. Applications that pass the threshold and underwriting review processes will be presented to the Corporation�s Loan Committee (hereinafter defined). If there are insufficient funds available at the time an application is



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brought to the Loan Committee the application may be held for a period of no longer than 90 days and reconsidered for funding if funds become available. If funds are not available, the Corporation will return any application or commitment fees submitted by a borrower.

7. Threshold Criteria. All applications must meet the following minimum threshold criteria (�Threshold Criteria�) to be presented to the Loan Committee:

a. Eligible Borrowers. Any reputable and experienced entity engaged in affordable housing Development, including non-profit or for-profit builders, developers, partnerships, limited liability companies, municipalities, housing authorities, or other business entities as approved by the Board of Directors (the �Board�) are eligible to apply for funding. The Corporation will not fund real persons or entities not registered with the Texas Secretary of State. All borrowers must also provide or meet the following requirements:

i. All borrowers must be registered with the Texas Secretary of State at least 30 days prior to the execution of a loan commitment;

ii. All borrowers must have a current certification of corporate status from the Texas Secretary of State and certificate of account status from the Texas Comptroller of Public Accounts;

iii. All non-profit borrowers must have valid and current IRS determination letters regarding their status as a 501(c)3 or (c)4 nonprofit corporation, along with a confirmation that the corporation is registered with the Texas Secretary of State as a non-profit; and

iv. Borrowers must demonstrate:

A. An acceptable history of repaying credit in a timely manner, as agreed;

B. A reasonable plan for use and repayment of loan proceeds;

C. Payments of all taxes, license fees and other fees required by applicable statutes; and

D. Other requirements which may be applied on a case-by-case basis by the Corporation

b. Experience Threshold. All borrowers must be able to demonstrate sufficient experience in residential construction, the development of infrastructure, and marketing of affordable housing. Proof of experience may be demonstrated through evidence of past completed developments, partnerships with experienced developers and other development experience as approved by the Corporation. At a minimum, a borrowers must have developed a number of homes or housing units equal to at least one-half (1/2) of the number of units in the borrower�s application. The Corporation may consider the experience of a borrower�s staff and board in determining the borrower�s experience.

c. Affordability Threshold. Affordability requirements will be based on the Corporation�s statutory requirements and reasonable targets above those statutory minimums. Affordability requirements are different for Developments that target homeownership versus rental opportunities for low-income households. At a minimum the Corporation will require properties targeting rental housing to:

i. Reserve at least 20% of the total units in the Development for persons or families earning 50% of the area median income (�Extremely Low-Income�), as determined by the U.S. Department of Housing and Urban Development (HUD), based on the size of the unit and number of persons occupying the unit; or

ii. Reserve at least 40% of the total units in the Development for persons or families earning 60% of the area median income (�Very Low-Income�), as determined by HUD, based on the size of the unit and number of persons occupying the unit.



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For Developments targeting the renovation or construction of homes for sale to low-income households the Corporation will require the following affordability standards:

i. At least 51% of the homes renovated or constructed using a revolving line of credit will be sold to

households earning 80% or less of the area median income (�AMI�) or Statewide Median Income, whichever is greater. The Corporation may require a minimum number of households earning 80% or less of the AMI (�Qualified Households�) based on the percentage of funds provided by the Corporation, the nature of the investment, and any other factors the Corporation deems necessary (the �Affordability Requirement�).

ii. All for-sale housing developed, regardless of whether the buyer is a Qualified Household or not, must be financed with fixed rate loans. No homes may be sold with the use of non-profit or developer grants or down payment assistance that exceeds 5% of the appraised value of the home, unless otherwise approved in writing by the Corporation. Borrowers that do not fulfill Affordability Requirements will be subject to additional fees, fines or payments as determined by the loan agreement.

iii. A Land Use Restriction Agreement (the �LURA�) or other restrictive covenant may be recorded with each housing unit and/or parcel of land developed.

d. Development Threshold. To ensure that working families have safe, decent affordable housing, and to ensure long-term affordability and usability, homes must meet the following standards:

i. All Developments, at the time of acquisition or completion of construction or rehabilitation, must meet all local building codes for the jurisdiction where they are located. If the Development is located in an area where no building codes are in place or have been adopted, the Development must meet the most recent International Residential Code, or International Building Code;

ii. All Developments, at the time of acquisition or completion of construction or rehabilitation, must be compliant with the Federal Fair Housing Act Accessibility Standards, Titles II and III of the Americans with Disabilities Act of 1990, Texas Minimum Construction Standards and §2306.514 (visitability guidelines) of the Texas Government Code. Borrowers must submit to the Corporation a certification from the project architect, engineer or other third party building inspector that the proposed Development will meet or exceed the above listed accessibility requirements;

iii. All Developments, at the time of acquisition or completion of construction or rehabilitation, must be compliant with the U.S. Department of Energy�s Energy Star Fund, as confirmed by a certified third-party Home Energy Rating System (�HERS�) inspector or as certified to by the Development�s architect or engineer; and

iv. All Developments, at the time of acquisition or completion of construction or rehabilitation, must have sidewalks, driveways and streets that are compliant with the Americans with Disabilities Act and Fair Housing Accessibility Standards.

e. Environmental Threshold. The Corporation will consider environmental or site specific conditions, including, but not limited to, adjacent or nearby land uses in determining the risk of environmental hazards. If the Corporation, in its sole determination, finds that an environmental hazard creates a risk to the health and well-being of Qualified Households, an application may be denied funding. The Corporation will also require the submission of a Phase I Environmental Site Assessment, any necessary updates, and/or a Phase II Environmental Site Assessment, for new construction developments proposed on land that is not currently or has not previously been used for the planned redevelopment use. At loan closing borrowers must agree to an environmental indemnity, in favor of the Corporation, in a form provided by the Corporation�s Counsel.

f. Relocation Threshold. The Corporation will not award funds to any Development which may cause the displacement of a Qualified Household. Borrowers may propose Developments that temporarily displace



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Qualified Households, as long as there are sufficient funds to assist Qualified Households with temporary relocation costs.

g. Aggregate Exposure Limits.

i. The Corporation will maintain a maximum aggregate exposure limit (�Aggregate Exposure Limit�) of $3 million dollars. This policy will limit any single borrower, or group of related entities, from receiving outstanding loans from the Fund in an amount greater than the Aggregate Exposure Limit. The Aggregate Exposure Limit excludes loans made through one of the Corporation�s conduit lending channels.

ii. Aggregate Exposure Limit risk policies are made with the understanding that in instances where the Corporation is asked to make an additional loan commitment to a strong borrower that would exceed the exposure limit, (1) the Board may permit a policy exception, or (2) the Corporation will make an effort to refer the borrower to other sources of financial assistance. Moreover, in instances where the risk exposure limit is not exceeded, but the Corporation�s fund balances are exhausted, the Corporation may seek external sources of loan guarantees or may require additional requirements on the collateral position.

iii. For purposes of this Policy, loans will be grouped by borrower and related entities. Related entities will include those corporations, partnerships and limited partnerships where the borrower or sponsor has an equity stake. It will also include those loans where the borrower or sponsor is a guarantor.

8. Underwriting Standards. The Corporation will review all applications that meet Threshold Criteria, using the following underwriting standards (�Underwriting Standards�). Borrowers must understand that Underwriting Standards are subjective in many aspects. The Corporation strives to use objective criteria, however the Corporation�s lending activities are generally subject to greater risks than what is typically experienced by conventional lenders and therefore must utilize criteria that are not easily measurable. The Corporation�s review process will consider five key factors to determine feasibility of a Development:

a. Financial Feasibility. The Corporation will thoroughly evaluate the Development budget, cash flow analysis and pro forma to determine the feasibility of each Development. The Corporation will use the following minimum standards to determine feasibility:

i. Loan to Value Ratio (LTV): Generally, the maximum LTV for all loans is 80%. The LTV will be calculated on the amount of the loan request and the total appraised value of land and completed on-site improvements including housing units. The Corporation may consider other loan-to-value limits based on financial strength and the amount of guarantees provided by the Applicant;

ii. Sales and Income Projections. For applications to develop for-sale housing, the cash flows and proforma sales projections must demonstrate that 100% of the principal balance and interest can be repaid prior to the Maturity Date (as defined herein) of the loan. The Corporation may include extensions to the Maturity Date in its calculation of sales projections; and

iii. Debt Coverage Ratio. All rental Developments must maintain, for the life of the loan or 15 years, whichever is longer, a minimum debt coverage ratio (DCR) of at least 1.15. The Corporation reserves the right to raise the minimum DCR requirement based on the source of funds to be used and the perceived risk of the transaction.

iv. Vacancy Rate. For rental Developments, the Corporation will use a minimum vacancy rate of 8% for all loans. Developments with 100% project based section 8 vouchers may be underwritten using a vacancy rate of 5%. The Corporation may use higher vacancy rates based on the current and historical rate reported in the third party market analysis or data obtained by the Corporation.



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v. Expense Ratio. For rental Developments, the Corporation will limit the amount of operating expenses to 70% of effective gross income (�EGI�) for the life of the loan or 15 years, whichever is less. The calculation of operating expenses and EGI will be determined solely by the Corporation.

vi. Repayment Sources. The Corporation will consider the availability of repayment financing commitments in its analysis. Borrowers must submit executed commitment agreements to the Corporation for consideration in underwriting. The Corporation will work with borrowers to review alternative-financing structures.

vii. Reserve Requirements. All rental Developments are subject to the following escrows and reserve accounts:

A. Escrows may be required for property taxes and insurance;

B. Replacement Reserves for new construction Developments in the amount of $300 per unit per year adjusted for inflation for the term of the loan , The starting figure for acquisition or rehabilitation Developments will be $350 per unit per year; and;

C. Operating Reserves in the amount of 3% of the EGI for a Development with more than 35 units, or 5% of EGI for a Development with 35 units or less.

b. Collateral. The Corporation strives to make loans that are fully collateralized through real property, letters of credit, or other financial instruments. The Corporation may consider unsecured loans on a case-by-case basis. In the case of real property, the Corporation will obtain an insured, primary or subordinate mortgage lien on the subject real estate with full recourse to borrower evidenced by a security agreement and UCC-1 filings. Assignments of rents, leases and contracts affecting real estate may also be taken. When appropriate, a secondary source of collateral repayment may also be identified (e.g., personal guarantees, assignments or other appropriate security) if the Corporation determines that its primary source of collateral could deteriorate.

c. Financial Strength. The Corporation will analyze each borrower�s financial statements and records to determine if there are sufficient cash reserves to maintain the operations for a period equal to the term at which developer fees or profits can be distributed from net proceeds.

d. Market Conditions. The Corporation will require the submission of market conditions data by borrowers, and may conduct its own assessment of market conditions to determine the feasibility of the Development. Market data that will be required includes current information on demographics, population growth, employment trends, median homes prices, zoning requirements, absorption rates, and any other indictors of the market capacity for the Development.

e. Community Impact. The Corporation will evaluate the Development in the context of the Corporation�s organizational mission. Specifically, the Corporation will evaluate the degree of housing need in the local community and the number of units to be produced by the Development. The Corporation will give priority to Developments that include short-term LURAs, equity limitation provisions or other mechanisms that ensure the affordability of housing units.

9. Targeted Housing Needs. In order to increase the production of housing located in rural areas and/or accessible to persons with disabilities, the Corporation will provide an interest rate reduction in the amount of .25% from the minimum interest required in this policy if the Development meets one or both of the following standards:

a. Rural development: The property is located within an area that is: (a) outside the boundaries of a primary metropolitan statistical area (PMSA) or metropolitan statistical area (MSA); or (b) within the boundaries of a



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PMSA or MSA, if the area has a population of 20,000 or less and does not share a boundary with an urban area; or

b. Accessible rental Development: All ground floor units are designed to be accessible for persons with mobility impairments and at least 30% of all units in the development are accessible for persons with mobility impairments and/or visual and hearing impairments. For for-sale Developments all single family new construction homes are required to be accessible pursuant to the Corporation�s development standards.

10. Awards. Once the Corporation has determined that an application has passed all Threshold Criteria and Underwriting Standards it will be submitted to the loan committee (�Loan Committee�) made up of an appointee of the Board, and the Corporation�s President, Executive Vice President and Chief Financial Officer. The Loan Committee will review a loan summary, underwriting report and any additional supplementary materials collected and prepared for presentation by the Fund manager The Loan Committee must have a simple majority vote of a quorum of the members to approve an award or recommendation to the Board. A quorum of the Loan Committee will be at least three members. If a loan is not approved, the Corporation will notify a borrower, in writing, that the application was not approved. The approval of loans will be limited in the following manner:

b. The Loan Committee may approve awards pursuant to this policy up to but not exceeding $250,000.

c. The Loan Committee may approve awards up to but not exceeding $1 million if the Corporation is acting as a conduit for another financial institution that will purchase the loan upon closing.

d. The Loan Committee will present all other loans to the Board for consideration and/or approval.

11. Loan Agreements. The Corporation�s President and Executive Vice President, will be authorized to consent to, accept, execute and attest any such agreements, assignments, certifications, contracts, documents, instruments, releases, financing statements, letter of instruction, written requests, Notices of Intent, Commitment Letters, closing documents and other papers, whether or not mentioned herein, as may be necessary or convenient to carry out or assist in carrying out the purposes of this Policy

12. Structure of Loans. The Corporation will structure loan agreements, rates and terms using the following guidelines:

a. Term.

i. For revolving lines of credit used for the construction of new homes or rehabilitation of existing homes for sale to Qualified Households, the standard length of loan agreements will be 24 months from the date of closing, (�Term�). Full repayment of the line of credit will be due on the first day of the month following the end of the loan Term (Maturity Date�). . Borrowers may be granted one 6 month extension to the Maturity Date, if certain benchmarks are met in the development process as detailed in the loan agreement.

ii. For rental housing developments, the Term of loan agreements is 15 years. The amortization period for loans will be based on the financial analysis and source of funds, but is generally 20 to 30 years. The Corporation�s maximum term and amortization period will be 40 years. Full payment of principal and interest must be made by the end of the Term or the maturity date (�Maturity Date�). The Corporation may set other Term or renewal schedules, as necessary.

b. Interest Rate. Interest rates for the Fund will be set at a fixed rate of interest based on the cost of funds available to the Corporation. The minimum interest rate for the Fund will be at least two percent (2.5%) above the cost of funds to the Corporation, except as may be permitted in accordance with this policy. The cost of funds (the �Cost of Funds�) will be calculated using the blended interest rates of all sources to be used



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in the financing. Loans not paid in full at the Maturity Date or extended Maturity Date will accrue interest at a rate of fifteen (15.00%) annually after the Maturity Date has past.

c. Payment.

i. For revolving lines of credit used for the construction of new homes or rehabilitation of existing homes for sale to Qualified Households, payments of principal and interest, if any, will be made from the net sales proceeds (i.e., those proceeds remaining after the payment of normal and customary closing costs) received from the sale of lots or homes. Interest payments will be calculated on the principal balance of the loan outstanding from time to time and based upon the actual number of days elapsed divided by 360. Payment of all principal and interest, if any, will be made from financial guarantees within 45 days after the Maturity Date in the event that full payment has not been made.

ii. For rental housing developments, Payments of principal and interest must be paid on the first of each month from revenues of the Development (or from any guarantees if revenues are not available) in accordance with an amortization schedule as discussed under �Term� above. Interest payments shall be calculated on the principal balance of the loan outstanding from time to time and based upon the actual number of days elapsed divided by 360. Payment of all principal and interest, if any, will be made from financial guarantees within 30 days after the Maturity Date in the event that full payment has not been made.

d. Late Payments, Delinquencies, and Defaults. The Corporation will maintain complete records of the status of each loan, including any late payments, delinquencies or defaults. Penalty fees may be assessed in compliance with loan documents and state laws. Each of the following events will be considered events of default for the purpose of the loan documents:

i. If a loan payment is more than ten (10) days late, a notice of late payment will be forwarded to the borrower and a late fee of Fifty Dollars ($50) will be added to principal balance of the loan.

ii. If a loan payment is more than twenty (20) days late, the Corporation will notify Borrower in writing and demand immediate payment.

iii. If a loan payment is more than 30 days late, a notice of default will be issued by the Corporation to the Borrower in writing. An additional late fee of Fifty Dollars ($50) will be added to the principal balance of the loan.

iv. If a loan payment is more than 45 days late the Corporation will issue a second notice of default to the Borrower in writing, and a report will be provided to the Corporation�s Board, unless all defaults are cured prior to the next regularly scheduled Board meeting. Staff may make the following recommendations to the Board including, but not limited to:

A. Correspondence or meeting with members of the borrower's mangers and/or officers;

B. An on-site inspection of borrower�s operations, including their books;

C. The sending of a third notice of default;

D. The charging of additional late fees;

E. The development of a re-structuring plan; and/or

F. Other action staff may recommend.

v. If a loan payment is more than Sixty (60) days late the Corporation�s default committee (�Default Committee�) consisting of a loan officer, President, Executive Vice President, Corporation�s General Counsel, and Board Chair will be convened. The committee will examine the situation, based upon a



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meeting with the borrower and a detailed account of operational information. The Default Committee may carry out the following actions:

A. A loan re-structuring;

B. A strategy to sell the loan;

C. A notice of intent to foreclose; and/or

D. A further forbearance of action based upon certainty of repayment and confidence in operations.

e. Foreclosures. Notwithstanding the timeline provided above, in the event the Corporation determines in its sole discretion that a foreclosure action is necessary to protect its security for the loan prior to the 30th day after an event of default, the Corporation may initiate foreclosure proceedings prior to such date. The Corporation will consider foreclosure as a last option when considering actions on loans in default. In instances of foreclosure, the Corporation will make a detailed assessment of the situation to the Board, including a full analysis of the plans and consequences of foreclosure. All foreclosure proceedings and actions will be done in such a way as to provide maximum protection for the Corporation and for the interest of affected parties, especially any families or individuals who have committed to purchase housing units. In the event of a collateral liquidation, every attempt will be made to cover the cost of the Corporation�s loan principal, accrued interest, if any, and the transaction costs of liquidation (i.e. legal, marketing, staff time).

f. Subordination. On a case by case basis, the Corporation may agree to subordinate the payment of its loan to that of one or more senior loans. In addition, the Corporation may also agree to allow a loan to be payable only from net cash flow in specific circumstances. All decisions regarding subordination will first be made by the Loan Committee; however, if the terms of subordination are not typical in the marketplace for a particular type of transaction, the determination will be provided by the Board.

g. Permanent/Take-Out Financing. All loans used for the development of new subdivisions or the construction of infrastructure will require the borrower to meet certain marketing and/or pre-sale requirements. If the borrower will be constructing site improvements to the property, the borrower must present a sales contract(s) for at least 70% of the proposed lots. If the borrower will be the primary contractor for completed housing units, the borrower must provide a sales contract(s) for at least 40% of the lots and homes to be developed. The Corporation may also require a purchaser waiting list that includes at least 50% of the number of lots or housing units to be developed.

h. Revolving and Renewable Loans: The Corporation may consider on a case-by-case basis revolving loans that allow borrowers to pay back all or a portion of the principal balance and later draw additional funds against the principal balance during the initial Term. The Corporation may consider on a case-by-case basis renewable loans that allow the borrower and Corporation to agree upon the terms of renewing a loan after the full payment of principal balance and interest of the original loan. Renewable loans will require the payment of closing fees, as well as the setting of a new Term, Interest Rate and Maturity Date.

i. Equity Investments. The Corporation will consider any financing, loan or investment of funds into a Development as an equity investment (�Equity Investment�) when the borrower cannot provide sufficient guarantees or owner equity, as determined by the Corporation. The Corporation may consider Equity Investments in Developments that serve very low-income (50% AMI and below) or special needs populations. A minimum number of very low-income or special needs units may be required based on the amount and nature of the contributions made by the Corporation. Additional fees or charges may be included in loan payment terms for units or lots sold to non-qualified households.

13. Commitment of Funds. The Corporation will provide borrowers whose loans have been approved a letter detailing the commitment of funding made by the Corporation (�Commitment Letter�). The Commitment Letter



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will detail the rates, terms and other conditions of the loan, as well as any due diligence materials or documents that must be submitted by the borrower prior to closing. The Commitment Letter will set timelines for the execution of the commitment, payment of fees and closing of the loan. The borrower will be solely responsible for fulfilling the requirements of the Commitment Letter. The Corporation will have the right to terminate any Commitment Letter if it becomes aware of any changes or adverse events that may conflict with assumptions made during underwriting or that negatively affect the financial position of the borrower.

14. Fees. The Corporation will be authorized to charge fees, penalties or other monetary accruements in the following manner:

a. Application Fee. The Corporation may require the payment of an application fee (the �Application Fee�) to cover the cost of document preparation, data entry, staff review time and other expenses as necessary. The Application Fee will be no greater than $500, and may be waived for non-profit applicants. An application will not be accepted by the Corporation unless it is accompanied by the appropriate Application Fee.

b. Origination Fee. The Corporation will collect at closing an origination fee (the �Origination Fee�) of the greater of one percent (1%) of the approved loan amount, or $2,500. The Origination Fee will be used to offset the Corporation�s cost for legal counsel and document preparation. If the Corporation determines that the loan will require additional services or expenses due to the structure or nature of the loan, the Origination fee may be increased at the sole discretion of the Corporation.

15. Loan Closing. Borrowers will receive instructions with the Commitment Letter that detail the required steps and actions necessary to close on their loan. The Corporation may require the following documentation prior to closing:

a. Appraisal;

b. Site and Development Plans;

c. Final Budget and Timeline;

d. Construction Contracts;

e. Financial Statements;

f. Certificates of Corporate Status;

g. Title Insurance;

h. Surveys;

i. Insurance;

j. Legal Opinions;

k. Fees and Expenses;

l. Proof of Zoning;

m. Loan Documents; and

n. Other documents as required by the Corporation.

16. Construction Loan Administration.

a. Draw Requests. Borrowers are required to submit requests for reimbursement or advances on their line of credit using forms provided them by the Corporation. Contractor/Supplier invoices are required to maintain oversight of construction procedures and fiscal management.



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b. Site Inspections. The Corporation may engage an experienced construction supervisor or architect to act as the Corporation�s inspector. The inspector will perform site visits for each draw request to evidence work-in-place, conformity with plans, specifications and building standards. The cost of inspections will be paid by borrowers, from loan proceeds if desired. .

c. Advances to Borrower. The Corporation may allow borrowers to receive loan funds in advance of the start of construction activities, based upon the sole determination of the Corporation. Advances for new construction activity will be limited to $25,000 and advances for renovation or rehabilitation activities will be limited to $15,000. Additional advances of loan funds may be approved based upon the borrower�s continued compliance with the terms and conditions of the loan.

d. Retainage. The Corporation will withhold 10% from each draw request made by the borrower and a total of 10% from the loan amount until all contractors and/or subcontractors have submitted affidavits of lien releases for the subject property.

e. Interest Reserve. Wherever possible, the Corporation will require borrowers to pay interest from other Development sources or unrelated income. In instances where other sources are restricted, and/or unrelated income is unavailable or unreliable, the Corporation may permit a loan to self-fund accrued interest.

f. Third Party Lenders/Funders. When possible, the Corporation will require other Development sources to fund prior to the Corporation�s loan. When pro-rata funding occurs, the Corporation will seek to administer other Development sources. The Corporation will seek to hold all Development retainage when possible.

17. Acquisition Loan Administration. The Corporation may provide up to 100% of its loan funds for the purpose of acquiring real property if the Corporation�s financial interest in property does not exceed 50% of the total projected Development costs. If the Corporation does provide proceeds for acquisition, borrowers must provide the Corporation with a complete loan closing document package at least 7 days prior to the anticipated loan closing date. The Corporation may deposit the full amount of acquisition loan proceeds into an escrow account with the mortgage title company not more than 5 days prior to the closing of the loan. If delays in closing occur and exceed 5 days, the full amount of funds placed in escrow will be returned to the Corporation immediately upon the Corporation�s request.

18. Loan Loss Reserves. The Corporation will establish a reserve fund to cover the cost of financial losses to the loan portfolio and for the repayment of funds borrowed by the Corporation to fund loans (�Loan Loss Reserve�). The amount of Loan Loss Reserve will be equivalent to at least 5% of the principal balance of all outstanding loans, or at least 3 months of payments on borrowed funds, whichever is greater. The Corporation may maintain a higher amount of Loan Loss Reserves based on an assessment of loan ratings of all loans in the portfolio.

19. Loan Ratings. The Corporation will establish a loan rating policy in order to track the level of risk and strength of its portfolio. The loan rating policy will look at actual operations and repayment performance, strength of collateral (loan to value ratio), strength of repayment capacity (current ratios, debt coverage ratio, etc.) and management capacity. The loan rating policy will be updated annually.

20. Loan Monitoring Policy. The Corporation will establish and maintain loan monitoring policies in order to maintain the Corporation�s security interest and to assist borrowers in organizational growth and asset management. The Corporation will maintain data on the regularity of payments, annual financial statements of borrowers, status of Development from site inspections, and updates on the collateral value. The Corporation may provide technical assistance, when necessary, to borrowers. The nature and frequency of loan monitoring will be based on loan type, the life cycle of the loan (construction period, business cycle, etc.), performance, and overall risk evaluation, and will be included in the loan agreement.

21. Loan Monitoring Report. Annually, the Corporation will produce a loan monitoring report on each outstanding loan in its portfolio and provide an analysis of the value of collateral (�Annual Loan Monitoring Report�). This



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evaluation will be done through staff analysis of comparable values, and does not, except in workout situations, require an appraisal report. The Annual Loan Monitoring Report will be presented to the Board and will be available to investors and note purchasers.

22. Monitoring Social Impact. The Corporation will compile a report on the social impacts of the Fund (the �Social Impact Report�) annually. The report presented to the Board and investors annually will include the following data:

a. The geographic distribution of loans;

b. The type of loans;

c. The numbers and type of housing units created;

d. The economic and demographic characteristics of households; and

e. The leverage capacity of loans

23. Conflict of Interest Policy. The Corporation, in the process of reviewing and awarding loans under this Fund, will adhere to the conflict of interest policies set by the Corporation�s Board and pursuant to §2306.5545 of the Texas Government Code. Additionally, at or prior to each Board meeting, each staff member and Board member will disclose the nature of any potential conflicts of interest that would be created by their participation in the discussion of a particular loan, application, membership or policy.

24. Board Waivers. The Corporation�s Board may consider and approve a waiver to these policies at any time. Borrowers may request that the Board consider a waiver of these policies at a public meeting of the Board.