City of Austin Housing Finance Corporation Board of Directors met Sept. 25.
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. Authorize negotiation and execution of a loan agreement and related documents with FC Crossroads Housing, LP, or an affiliated entity, in an amount not to exceed $11,700,000 for a multifamily rental development to be known as Crossroads Apartments, located at or near 8801 McCann Drive, Austin, Texas 78757. Funding: $11,700,000 is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
2. Authorize an increase to the agreement with the Housing Authority of the City of Austin to administer the Austin Housing Finance Corporation’s Local Housing Voucher Program to increase the contract amount by $1,800,045 for a total contract amount of $7,800,045. Funding: $1,800,045 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation through the Housing Trust Fund.
3. Authorize negotiation and execution of a loan agreement and related documents with Pathways at Santa Rita Courts West, LP, or an affiliated entity, in an amount not to exceed $5,880,000 for a multifamily rental development to be known as Pathways at Santa Rita Courts West, located at or near 2210 East 2nd Street, Austin, TX 78702. Funding: $4,535,230 is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation. $1,344,770 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation.
4. Authorize negotiation and execution of a loan agreement and related documents with St. George’s Senior Housing Limited Partnership, or an affiliated entity, in an amount not to exceed $1,700,000 for a multifamily rental development to be known as St. George’s Court, located at or near 1443 Coronado Hills Drive, Austin, TX 78752. Funding: $1,700,000 is available in the FY2025-26 Operating Budget of the Austin Housing Finance Corporation through 2022 GO Bonds.
5. Authorize negotiation and execution of a loan agreement and related documents with Waverly North, LLC, or an affiliated entity, in an amount not to exceed $5,500,000 for a multifamily rental development to be known as Waverly North, located at or near 3710 Cedar Street, Austin, TX 78705. Funding: $3,273,000 is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation through 2022 GO Bonds. $2,270,000 is available in the Fiscal Year 2024-2025 Operating Budget of the Austin Housing Finance Corporation through Project Connect.
Adjourn
The City of Austin is committed to compliance with the Americans with Disabilities Act.
Reasonable modifications and equal access to communications will be provided upon request.
For assistance, please call 512-974-2210 or TTY users route through 711.
https://services.austintexas.gov/edims/document.cfm?id=459215
