Austin's Million Dollar Affordable Housing Push
Here are the key takeaways from the May 26, 1994 Austin Housing Corporation Board of Directors meeting:
Secured over $1 million for affordable housing:
The Board approved accepting a $1,040,000 loan in HOME funds from the City of Austin.Launched new infill housing development:
These funds will go towards developing and constructing Phase 3 of the Scattered Cooperative Infill Housing Program (SCIP 3).Updated housing finance budget:
An amendment was approved for the 1993-94 Austin Housing Finance Corporation budget to facilitate these new housing projects.
Full Transcript
MINUTES OF THE AUSTIN HOUSING CORPORATION BOARD OF DIRECTOR'S MEETING May 26, 1994 The meeting was called to order at 5:00 p.m. Present: Bruce Todd, Jackie Goodman, Ronney Reynolds, Max Nofziger, and Gus Garcia Absent: Brigid Shea Agenda Item No. 40 (1) Approve Minutes of April 7, 1994 meeting. Motion The Board, on Board Member Gus Garcia's motion and Board Member Goodman's second approved the resolution on a 5-0-0 vote with Board Member Shea out of the room and Board Member Urdy absent. Agenda Item No. 41 (2) Approve a Resoluntion accepting a loan of the amount of $1,040,000 in HOME year 2 funds from the City of Austin and enter into an agreement to develop and construct the Scattered Cooperative Infill Housing Program Phase 3 (SCIP 3) and amend the 1993-94 Austin Housing Finance Corporation Budget Motion a The Board, on Board Member Garcia's motion and Board Member Goodman's second approved the resolution on 5-0-0 vote with Board Member Shea out of the room and Board Member Urdy absent. The meeting was adjourned at 5:19 p.m.