City of Austin Housing Finance Corporation Board of Directors met Aug. 28.
Here is the agenda provided by the board:
This is a draft agenda and should not be considered final. Items are subject to change, removal, or addition without notice. The Board will only take action based on the items listed on the final agenda.
AGENDA
The Board may go into a closed session as permitted by the Texas Open Meetings Act, (Chapter 551 of the Texas Government Code) regarding any item on this agenda.
Consent
1. Approve the minutes of the Austin Housing Finance Corporation Board of Directors meetings for May 8, May 22, June 5, and July 24 of 2025. Funding: This item has no fiscal impact.
2. Approve a resolution approving Austin Housing Finance Corporation’s ownership in the land and a to-be developed multifamily residential development, Sycamores at Pleasant Valley, located at or near 5901 S. Pleasant Valley Road, Austin, Texas 78744, for the purpose of the exemption of ad valorem and sales and use taxes under Section 394.905 of the Texas Local Government Code. Funding: This item has no fiscal impact.
3. Authorize negotiation and execution of a one-year contract with the Housing Authority of the City of Austin to fund and administer the Tenant-Based Rental Assistance Program, which provides housing opportunities through subsidies to individuals and families experiencing homelessness, in an amount not to exceed $1,419,448, with four one-year extension options contingent upon the availability of funds in future years through the HOME Investment Partnership Program. Funding: $1,419,448 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation through federal HOME Investment Partnership Program funds.
4. Conduct a public hearing related to the issuance by Austin Housing Finance Corporation of up to $25,000,000 of multifamily housing revenue bonds to 5900 Pleasant Valley, LP, or an affiliated entity, to finance the construction of a multifamily housing development to be known as Sycamores at Pleasant Valley, located at or near 5901 South Pleasant Valley Road, Austin, Texas 78744. Funding: This item has no fiscal impact.
Adjourn
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