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Austin Housing Funds: $20 Million Boost

Monday, September 11, 2017 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting

  • Major Housing Investment:

    Nearly $20 million was approved to fund Austin's housing initiatives for the upcoming fiscal year.

  • Dedicated Funds:

    This includes over $10 million for capital projects related to housing and over $9 million specifically for housing grants.

  • Program Guidelines:

    The Board authorized the development of new program guidelines for housing initiatives and established administrative approval limits for financial oversight.
Official City Record Agenda Transcript

Full Transcript

NOTICE OF MEETING The Austin Housing Finance Corporation, Board of Directors, will convene at 9:45 AM on Monday, September 11, 2017, 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 2017-2018 in the amount of $10,500,000, beginning on October 1, 2017 and ending on September 30, 2018. 2. Approve a resolution adopting the Fiscal Year 2017-2018 Austin Housing Finance Corporation Grant Operating Budget in the amount of $9,366,069; authorizing the development of program guidelines for the named housing programs for Fiscal Year 2017-2018; 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. For assistance, please call 512-974-2210 or TTY users route through 711. A person may request a Spanish language interpreter be made available by contacting the City Clerk’s Office not later than twenty-four 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 intérprete en español comunicándose con la oficina del Secretario/a Municipal a no más tardar de veinte y cuatro 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 sesión del Consejo.