Affordable Homes for Vulnerable Residents
- Approved a $500,000 loan to acquire eight condominium units on Manchaca Road, designated as permanent supportive housing.
- These new condos will provide crucial homes for very low-income residents living with disabilities.
- Authorized a construction contract exceeding $1 million to build up to 12 new single-family homes through the Neighborhood Stabilization Program.
Full Transcript
jt v- cr: ±i NOTICE OF MEETING The Austin Housing Finance Corporation, Board of Directors, will convene at 3:00 p.m. on Thursday, August 5, 2010, in Council Chambers at Austin City Hall, 301 W. Second Street, Austin, Texas ° t! F AGENDA r " '..-I . "* o a. of Directors mil go into a closed session under Chapter 551 of the Texas Government Code to receive adyicefrom legal counsel, to discuss Matters of land acquisition, to discuss personnel matters, or for other reasons permitted by law as specifically listed on this agenda. If necessary, the Board may go into a dosed session as permitted \y law regarding any item on this agenda. 1. Approve the minutes of the July 29, 2010 Board meeting of the Austin Housing Finance Corporation. 2. Approve the negotiation and execution of a loan to ESCT AUSTIN HOUSING 111, INC., in an amount not to exceed 5500,000 to acquire eight condominium units at 3204 Manchaca Road to be used as permanent supportive housing for very low-income persons with disabilities. 3. Authorize negotiation and execution of a construction contract with ILCOR HOMES, INC., Austin, Texas, to construct up to 12 single-family dwellings in the Frontier at Montana Subdivision for the Neighborhood Stabilization Program in an amount not to exceed 31,057,250. Adjourn T/ie City of Austin is committed to compliance with the Americans with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. For assistance please call 974-3256 OR 974-2445 TDD. A person may request a Spanish language interpreter be made available by contacting the City Clerk's Office not later than two hours before the scheduled time of the item on which the person wishes to speak. Please call 974- 3256 in advance or inform the City Clerk's staff present at the council meeting. Cualquier persona puede solicitar servicios de interprets en espanol comunicandose con la oficina del Secretario/a Municipal a no mas tardar de dos horas antes de la hora determinada para el asunto sobre el cual la persona desea comentar. Por favor llame al 974-3256 con anticipo o informe al personal del Secretario/a Municipal presente en la sesion del Consejo.