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Fiskville Apartments: Up to $20M Approved

Thursday, February 16, 2017 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting
  • The Austin Housing Finance Corporation approved up to $20 million in funding for a new housing development.
  • The funding is specifically for "The Villages at Fiskville Apartments," to be located on Middle Fiskville Road.
  • This investment, provided through housing revenue bonds, aims to develop much-needed multifamily housing.

Full Transcript

City Council Austin Housing Finance Corporation (AHFC) Transcript –2/16/2017 Title: ATXN 24/7 Recording Channel: 6 - ATXN Recorded On: 2/16/2017 6:00:00 AM Original Air Date: 2/16/2017 Transcript Generated by SnapStream ================================== [5:14:32 PM] It is still 5:14. We're in city council chambers. It's February 16th, 2017. We have a quorum present. Whdon't you take us through the agenda. >> Yes. Thank you. Hi. Rosie truelove. I'm treasurer of theustin housing financeporation. We have one item on the agenda day, to approve two resolutions authorizing the issuance of Austin housing finance corporation multifamily housing revenue bonds in an amount not to exceed 20 million for the development of the villages at fiskville apartments located at 10017 middle fiskville road. I can offer this too consent. If there are questions, we have outs counsel to advise on the bond sale process a the developer. M Adler: . Is there aotio to approve eso resolutions? Ms. Hon makes that resolution -- makes that motion, seconded by Ms. Garza. Is there any discussion then let's take a vote. All those in favor of the two resolutions, please raise your hand. Those opposed? It's approved by the seven of us on the dais, with Mr. Casar, Ms. Pool, Ms. Kitchen, and Ms. Troxclair off. Any other business? >> That's all we have today. >> Mayor Adler: Okay. Then I adjourn the meeting of the Austin housing and finance corporation.