Over $23M Approved for Austin Housing
Here's a summary of the Austin Housing Finance Corporation Board of Directors agenda:
- Approved a $14 million capital budget to fund housing development and projects for the upcoming fiscal year.
- Greenlit a nearly $10 million budget for housing assistance programs and operational grants.
- Established new program guidelines for housing initiatives and set limits for administrative spending.
Full Transcript
NOTICE OF MEETING
The Austin Housing Finance Corporation, Board of Directors, will convene at 9:45 AM on Tuesday, September 13, 2016, in Council Chambers at Austin City Hall, 301 W. Second Street, Austin, Texas
AGENDA The Board of Directors will go into a closed session under Chapter 551 of the Texas Government Code to receive advice from 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 closed session as permitted by law regarding any item on this agenda. Consent
1. Approve a resolution adopting the Austin Housing Finance Corporation Capital Budget for Fiscal Year 2016-2017 in the amount of $14,000,000, beginning on October 1, 2016 and ending on September 30, 2017.
2. Approve a resolution adopting the Fiscal Year 2016-2017 Austin Housing Finance Corporation Grant Operating Budget in the amount of $9,554,297 and the Housing Assistance Fund Budget in the amount of $440,000 for a total budget of $9,994,297; authorizing the development of program guidelines for the named housing programs for Fiscal Year 2016-2017; and establishing administrative approval limits for the general manager.
Adjourn The 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.
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