Boost for Austin Affordable Housing
Approval for Affordable Housing:
The Austin Housing Finance Corporation (AHFC) approved a plan to facilitate the creation of 100 new low-income, single-family rental homes.Land Deal:
AHFC granted the Anderson Community Development Corporation (ACDC) a six-month option to purchase city-owned land in the SCIP 2 area for this housing project.Tax Credit Financing:
The initiative will leverage tax credits to ensure the affordability of these rental homes for future residents.
Full Transcript
MINUTES OF THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTOR'S MEETING April 27, 1995 The meeting was called to order at 5:15 p.m. Present: Bruce Todd, Max Nofziger, Gus Garcia, Ronney Reynolds, Brigid Shea, Jackie Goodman, Eric Mitchell Absent: to Agenda Item No. 48 (1) Approve a resolution authorizing the General Manager or his designee to execute a six month option granting the Anderson Community Development Corporation (ACDC) the right purchase certain parcels of land (approximately 34) in the SCIP 2 area currently owned by the Austin Housing Finance Corporation (AHFC), for the purpose of building 100 low income tax credit financed single family detached rental homes in the SCIP 2 area (ACDC will acquire the other 66 parcels needed to complete the 100 units). Motion The Board, on Board Member Eric Mitchell's motion and Board Member Ronney Reynolds' second approved the Resolution on an unanimous vote. The meeting was adjourned at 5:17 p.m. lv#1204