City of Austin Housing Finance Corporation Board of Directors met Feb. 3.
Here are the minutes provided by the board:
The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened via Videoconference. The following were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors.
President Adler called the meeting to order at 1:23p.m.
President Adler recessed the meeting at 1:26 p.m.
President Adler reconvened the meeting at 2:23 p.m.
CONSENT AGENDA
AHFC1. Approve a resolution authorizing the formation of AHFC Pecan Park PSH Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation to develop low-income housing; approving the forms of its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Pecan Park PSH Non-Profit Corporation to acquire a former hotel, previously known as Candlewood Suites, located at 10811 Pecan Park Blvd., Bldg. 2, Austin, Texas, from the City of Austin, to contract with Family Eldercare to rehabilitate, develop, manage, and operate the facility as a residential rental development, and to lease units to qualified tenants who have experienced homelessness. District(s) Affected: District 6. Resolution No. 20220203-AHFC001 was approved on consent on Director Renteria's motion, Director Ellis' second on an 11-0 vote.
President Adler adjourned the meeting at 2:25 p.m. without objection.
https://www.austintexas.gov/edims/document.cfm?id=376750