City of Austin Housing Finance Corporation Board of Directors met Sept. 11.
Here is the agenda provided by the board:
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 a resolution authorizing the issuance of Austin Housing Finance Corporation multifamily housing revenue bonds in an amount up to $25,000,000 to 5900 Pleasant Valley, LP, or an affiliated entity, to finance the development of Sycamores at Pleasant Valley, located at or near 5901 South Pleasant Valley Road, Austin, Texas 78744; make certain approvals due to recent legislation; approve related documents in substantially the form attached to the resolution; and authorize specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. Funding: The tax exemption includes the City of Austin portion of property taxes, resulting in additional revenue which will aid in the development and preservation of long-term affordable housing.
2. Authorize negotiation and execution of an amendment to the agreement with Texas RioGrande Legal Aid, Inc. for eviction representation and outreach services to increase the contract amount by $230,000, for a total contract amount not to exceed $725,000. Funding: Funding in the amount of $725,000 is available in the Fiscal Year 2025-2026 Capital Budget of the Austin Housing Finance Corporation.
Adjourn
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https://services.austintexas.gov/edims/document.cfm?id=458341
