City of Austin Housing Finance Corporation Board of Directors met Sept. 21.
Here are the minutes provided by the board:
The Board of Directors of the Austin Housing Finance Corporation (AHFC Board) was convened on Thursday, September 21, 2023, in the Council Chambers of City Hall, 301 West 2nd Street, Austin, Texas, and via videoconference. The following items were considered by the AHFC Board.
President Watson called the meeting to order at 11:11 a.m. Director Fuentes appeared via videoconference.
CONSENT AGENDA
The following items were acted on by one motion.
AHFC1. Approve an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to $26,000,000 in private activity volume cap multi-family non-recourse bonds to Foundation Communities, Inc., or an affiliated entity, for a proposed affordable multi-family development to be known as Mary Lee Square Phase I, located at or near 1326, 1328, 1332, and 1342 Lamar Square Drive, Austin, Texas 78704. District(s) Affected: District 9.
Resolution No. 20230921-AHFC001 was approved on consent on Director Harper-Madison’s motion, Vice President Ellis’ second without objection.
AHFC2. Approve an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to $25,000,000 in private activity volume cap multi-family non-recourse bonds to Pleasant Valley LP, or an affiliated entity, for a proposed affordable multifamily development located at or near 5900 South Pleasant Valley Road, Austin, Texas 78744. District(s) Affected: District 2.
Resolution No. 20230921-AHFC002 was approved on consent on Director Harper-Madison’s motion, Vice President Ellis’ second on a 10-1 vote. Director Kelly voted nay.
AHFC3. Approve an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to the greater of 1.7 percent of the state ceiling or $50,000,000 in private activity volume cap multi-family non-recourse bonds to Austin Leased Housing Associates V, LLLP or an affiliated entity, for a proposed affordable multi-family development to be known as Sage at Franklin Park, located at or near 4500 Nuckols Crossing Road, Austin, Texas 78744. District(s) Affected: District 2.
Resolution No. 20230921-AHFC003 was approved on consent on Director Harper-Madison’s motion, Vice President Ellis’ second on a 10-1 vote. Director Kelly voted nay.
AHFC4. Authorize negotiation and execution of an amendment to the agreement with the Ending Community Homelessness Coalition for providing Permanent Supportive Housing and Rapid Rehousing consulting services, to extend the term of the agreement through September 30, 2023, and include an additional $100,000, for a total amount not to exceed $400,000. The motion to authorize negotiation and execution of an amendment to the agreement with the Ending Community Homelessness Coalition was approved on consent on Director Harper-Madison’s motion, Vice President Ellis’ second on a 10-1 vote. Director Kelly voted nay.
President Watson adjourned the meeting at 11:23 a.m. without objection.
https://services.austintexas.gov/edims/document.cfm?id=418166