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Austin Housing: New Bonds & Renovations

Wednesday, April 2, 1997

  • Major Housing Bond Discussions:

    The Austin Housing Finance Corporation (AHFC) board prepared to seek public input on issuing $15 million in bonds to support single-family homes.

  • Funding for Apartment Renovations:

    Plans moved forward to consider up to $8.5 million in bonds for the purchase and rehabilitation of Woodland Heights Apartments.

  • Supporting Non-Profit Housing:

    The apartment renovation funding specifically benefits a non-profit organization, the Texas Council of the Foundation for Social Resources, Inc.

  • Public Hearings Scheduled:

    Public hearings for both significant bond proposals were set for April 9, 1997, at 3:30 p.m., inviting community feedback.
Transcript

Full Transcript

Bruce Todd, President Gus Garcia, Vice President Ronny Reynolds, Director RU5TIN HOUSING •"SESstssi Daryl Slusher, Director F I N R N C E C O R P O R R T I O N Jesus Garz^General'Ma^ger James E. Aldridge, Secretary Andrew Martin, General Counsel BOARD OF DIRECTOR'S MEETING AUSTIN HOUSING FINANCE CORPORATION MINUTES WEDNESDAY, APRIL 2,1997 The Board meeting of the Austin Housing Finance Corporation (AHFC) was convened. The following agenda items (set forth on the City of Austin Council Meeting agenda as items 28-29) were considered by the Austin Housing Finance Corporation's Board of Directors. 1. Set a public hearing on the issuance of 515,000,000 of Austin Housing Finance Corporation 1997 Single Family Tax Exempt Bonds. (Suggested date and time: April 9, 1997 at 3:30 p.m.) (item 28) The public hearing was closed on Baord Member Goodman's motion, Vice President Garcia's second by a 4-0 vote. President Todd and Board Members Reynolds and Mitchell were off the dais. 2. Set a public hearing on the issuance of up to $8,515,000 of 501 © 3 multi-family bonds by the Austin Housing Finance Corporation, to finance the purchase and rehabilitation of the Woodland Heights Apartments by the Texas Council of the Foundation for Social Resources. Inc. (suggested date and time: April 9, 1997 at 3:30 p.m.) (item 29) The public hearing was closed on Board Member Goodman's motion, Vice President Garcia's second by a 4-0 vote. President Todd and Board Members Reynolds and Mitchell were off the dais. The meeting was adjourned.