Austin Housing Bonds Restructured
- An Austin government board approved the sale of $3.21 million in new bonds.
- These funds are designated for refinancing and restructuring older Single Family Mortgage Revenue Bonds originally issued in 1985.
- The decision aims to update Austin's housing finance strategy, likely to improve homeownership funding.
Full Transcript
• MINUTES OF THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTOR'S MEETING May 18, 1995 The meeting was called to order at 3:35 p.m. Present: Max Nofziger, Ronney Reynolds, Brigid Shea, Jackie Goodman, Eric Mitchell Absent: Bruce Todd, Gus Garcia Agenda Item No. 24 (1) Approve the sale of $3,210,000 in Single Family Mortgage Revenue Refunding Bonds Series 1995A for restructuring of the Series 1985 Single Family Bond Issue, and authorize the president or his designee to complete the execute the necessary documents transaction. to Motion The Board, on Board Member Brigid Shea's motion and Board Member Ronney Reynolds' second approved the Resolution on a 5-0-0 vote with Board Members Bruce Todd and Gus Garcia absent. The meeting was adjourned at 3:40 p.m. lv#1350