City of Austin Housing Finance Corporation Board of Directors will meet Aug. 29.
Here is the agenda provided by the board:
THE AUSTIN HOUSING FINANCE CORPORATION WILL MEET ON THURSDAY, AUGUST 29, 2024 AT 10:30 AM, AUSTIN CITY HALL, 301 W. SECOND STREET, AUSTIN, TX AND SOME BOARD MEMBERS MAY BE PARTICIPATING VIA VIDEOCONFERENCE.
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. Conduct a public hearing regarding the issuance of Austin Housing Finance Corporation multi-family housing revenue bonds in an aggregate principal amount of up to $64,819,515 to Austin Leased Housing Associates V, LLLP, or an affiliated entity, to finance the development of Sage at Franklin Park, located at or near 4605 South Pleasant Valley Road, Austin, Texas 78744.
2. Authorize negotiation and execution of a ground lease, and all other documents necessary or desirable, with AHFC Doris Hathaway Non-Profit Corporation for the development, construction, finance, management, and sale of approximately 25 affordable, ownership units as part of a new Community Land Trust development located at or near 2200 Doris Drive, 2202 Doris Drive, 2204 Doris Drive, 2206 Doris Drive, 8414 Hathaway Drive, 8416 Hathaway Drive, and 8418 Hathaway Drive, Austin, Texas 78757, for an amount not to exceed $10,000 per year.
3. Approve a resolution authorizing the formation of AHFC Doris Hathaway Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving its certificate of formation and bylaws; appointing its board of directors and president; authorizing a ground lease; and authorizing AHFC Doris Hathaway Non-Profit Corporation to construct, finance, manage, and sell approximately 25 affordable, ownership units as part of a new Community Land Trust development located at or near 2200 Doris Drive, 2202 Doris Drive, 2204 Doris Drive, 2206 Doris Drive, 8414 Hathaway Drive, 8416 Hathaway Drive, and 8418 Hathaway Drive, Austin, Texas 78757.
4. Authorize negotiation and execution of a one-year service agreement with the City of Austin to manage and operate various housing programs on the City’s behalf during Fiscal Year 2024-2025 in an amount not to exceed $117,258,895.
Adjourn
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https://services.austintexas.gov/edims/document.cfm?id=434447