City of Austin Housing Finance Corporation Board of Directors met May 4.
Here are the minutes provided by the board:
The Board of Directors of the Austin Housing Finance Corporation (AHFC Board) was convened on Thursday, May 4, 2023, in the Council Chambers of City Hall, 301 W. 2nd Street, Austin, TX and via videoconference. The following were the AHFC items considered by the AHFC Board.
President Watson called the meeting to order at 11:40 a.m.
CONSENT AGENDA
AHFC1. Conduct a public hearing regarding a Second Amendment to the Funding Loan Agreement related to the issuance of multi-family housing revenue bonds to Govalle Terrace Partners, LP, for revising the face amount of the bonds to the anticipated amount of $9,600,000 and extending the maturity date to December 1, 2037, to finance the operating costs of a multi-family housing development known as Los Portales de Lena Guerrero, formerly known as Govalle Terrace, located at or near 5225 Jain Lane, Austin, Texas 78721. Related to Item No. 2. District(s) Affected: District 3.
The public hearing was opened and motion to postpone the item to May 18, 2023, was approved on Director Velásquez’s motion, Director Ryan Alter’s second without objection.
AHFC2. Approve a resolution authorizing a Second Amendment to the Funding Loan Agreement related to the issuance of Austin Housing Finance Corporation multi-family housing revenue bonds to Govalle Terrace Partners, LP, in substantially the form attached to the resolution, to finance the operating costs of a multi-family housing development known as Los Portales de Lena Guerrero, formerly known as Govalle Terrace, located at or near 5225 Jain Lane, Austin, Texas 78721, and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. Related to Item No. 1. District(s) Affected: District 3.
The public hearing was opened and motion to postpone the item to May 18, 2023, was approved on Director Velásquez’s motion, Director Ryan Alter’s second without objection.
President Watson adjourned the meeting at 11:43 a.m. without objection.
https://services.austintexas.gov/edims/document.cfm?id=409005