City of Austin Housing Finance Corporation Board of Directors will meet Nov. 30.
Here is the agenda provided by the board:
THE AUSTIN HOUSING FINANCE CORPORATION WILL MEET ON THURSDAY, NOVEMBER 30, 2023 AT 10:30 AM, AUSTIN CITY HALL, 301 W. SECOND STREET, AUSTIN, TX AND SOME BOARD MEMBERS MAY BE PARTICIPATING VIA VIDEOCONFERENCE
Council Member Vanessa Fuentes
| AustinTexas.gov
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 the meeting minutes of the October 5, 2023, Board of Directors meeting of the Austin Housing Finance Corporation.
2. Authorize negotiation and execution of all agreements and instruments necessary or desirable with Industry ATX, or other qualified applicant, to develop affordable housing on approximately 2.7 acres of land located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744.
District(s): District 2
3. Authorize negotiation and execution of a loan agreement and related documents with the Austin Revitalization Authority, or an affiliated entity, in an amount not to exceed $650,000 to assist with the acquisition of a four-unit affordable housing development located at 300 Carmen Court, Austin, Texas 78752.
District(s): District 4
4. Authorize negotiation and execution of a loan agreement and related documents with the Austin Revitalization Authority, or an affiliated entity, in an amount not to exceed $650,000 to assist with the acquisition of a four-unit affordable housing development located at 302 Carmen Court, Austin, Texas 78752.
District(s): District 4
5. Authorize negotiation and execution of a loan agreement and related documents with Capital A Housing, or an affiliated entity, in an amount not to exceed $3,738,000 for the development of ownership housing to be known as 5107 & 5109 Lancaster located at 5107-5109 Lancaster Court, Austin, Texas 78723.
District(s): District 4
6. Authorize negotiation and execution of a loan agreement and related documents with the Austin Revitalization Authority, or an affiliated entity, in an amount not to exceed $752,000 for a four-unit ownership development known as 7217 Carver Avenue (formerly known as Carver Townhomes) located at or near 7217 Carver Avenue, Austin, Texas 78752.
District(s): District 4
7. Authorize negotiation and execution of a new or amended loan agreement and related documents with Summertree South Congress, LLC, or an affiliated entity, in an amount of $1,250,000, for a total amount not to exceed $3,750,000, for the development of ownership housing to be known as Vera (formerly known as 7308 South Congress) located at 7308 South Congress Avenue, Austin, Texas 78745.
District(s): District 2
8. Authorize negotiation and execution of a new or amended loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount of $831,749, for a total amount not to exceed $3,823,051, for the development of ownership housing to be known as GSNZ 7 Acres West located at or near 2721 Goodwin Avenue, Austin, Texas 78702.
District(s): District 3
9. Authorize negotiation and execution of a new or amended loan agreement and related documents with SAFE Lancaster Court, LLC, or an affiliated entity, in an amount of $1,153,711, for a total amount not to exceed $7,153,711, for the development of rental housing to be known as The Lancaster located at or near 5111-5115 Lancaster Court Austin, Texas 78723.
District(s): District 4
10. Authorize negotiation and execution of a new or amended loan agreement and related documents with Cady Lofts, LLC, or an affiliated entity, in an amount of $2,200,000, for a total loan amount not to exceed $7,200,000, for the development of rental housing known as Cady Lofts located at 1004 and 1008 East 39th Street, Austin, Texas 78751.
District(s): District 9
11. Authorize negotiation and execution of an amendment to the Fiscal Year 2023-2024 service agreement with the City of Austin to increase its funding in the amount of $4,791,036 for a total contract amount not to exceed $117,525,451.
12. Approve a resolution amending the Austin Housing Finance Corporation Capital Budget for Fiscal Year 2023-2024 to increase it by $4,791,036 for a total budget amount not to exceed $79,791,036.
Adjourn
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https://services.austintexas.gov/edims/document.cfm?id=419095