Discuss, consider and take possible action in connection with a resolution approving the transfer by the Capital Area Housing Finance Corporation to the Texas Department of Housing and Community Affairs of an allocation of private activity bond volume cap in connection with a single family mortgage origination program.

Capital Area Housing Finance Corporation's (CAHFC) counsel has put together a memo that summarizes the single family assignment program between CAHFC and Texas Department of Community Affairs (TDHCA).  The memo is attached.  The top two paragraphs outlines the program and request to the Commissioners Court from CAHFC.  The bullet points listed on the first and second page go into more detail about the benefit to CAHFC, the mortgage program that TDHCA is utilizing with the volume cap CAHFC assigns, income and purchase price limits and current mortgage rate.  Pursuant to the provisions of Section 1372.044 of the Texas Government Code (the "Act"), the County of Williamson, as a sponsoring political subdivision of the Corporation, must approve of the assignment of the Volume Cap Allocation by CAHFC to TDHCA.  Any bonds issued by TDHCA will be special obligations of TDHCA and neither the sponsoring political subdivisions of the Corporation nor the Corporation will be liable in any manner for the payment of such bonds.