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Austin funds key affordable housing projects

Thursday, December 7, 2017 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting
  • Approved financing for two significant affordable housing initiatives: the Govalle Affordability Housing Project and the Housing First Oak Springs Project.
  • Advanced the multi-year Govalle affordable housing development in the "Think East" area, including securing funds for necessary street improvements.
  • Authorized multi-family housing revenue bonds to support the Housing First Oak Springs Project, located at 3001 Oak Springs Drive.

Full Transcript

Austin Housing Finance Corporation Meeting Transcript – 12/07/2017 Title: ATXN 24/7 Recording Channel: 6 - ATXN Recorded On: 12/7/2017 6:00:00 AM Original Air Date: 12/7/2017 Transcript Generated by SnapStream ================================== [4:17:07 PM] And convene the housing corporation meeting at 4:17 P.M. Today is the 7th of December, 2017, and we are in the city council chambers. Do you want to take us through this agenda? >> Rosie truelove with the housing corporation. The first item is the approval of the minutes from our September 28th board meeting. The second is to approve an inducement resolution for private activity bond financing for the govalle affordability housing project located on shady lane within the think east pud. And the third item is to approve a resolution authorizing the issuance of Austin housing finance corporation multi-family housing revenue bonds for the housing first oak springs project located at 3001 oak springs drive. I offer these items to you on consent. >> Mayor Adler: Thank you. Mr. Pena has signed up to speak on the consent agenda. Are you here? He's not here. Those are the speakers. Is there a motion to approve the consent agenda? Mr. Renteria makes that motion. Is there a second? Mr. Casar seconds that. Any discussion on the consent agenda? Yes, Mr. Renteria? >> Renteria: I just wanted to make a comment that I really want to thank the housing staff for working with the think east development. This is something that we have been working on for over three years now, and I was really glad that we were able to get the money to fix up the street there so that we could have not only Cesar Chavez and haca to be able to build affordable Fuentes that location, so I really want to thank you for that. [4:19:17 PM] >> Mayor Adler: Thank you. Ms. Houston? >> Houston: Yes, president, in my backup I have meeting approval of minutes for November 9th. We didn't do that, did we? We just did the September ones? I have September the 28th and November the 9th. >> It should be just September 28th. I'm not sure, my agenda is only showing September 28th and I'm not sure how November 9th minutes got into the backup. I'm not showing them in my backup. >> Houston: Here you are. That's fine if we don't need to adopt those. >> Mayor Adler: I think we can only approve the minutes we're posted for. >> We'll go back and confirm whether or not this particular set of minutes have been approved and post it on a future agenda if they need to be approved, but I am only showing that we need to approve the September 28th meeting. >> Mayor Adler: And that's all we can do today, it's all we're noticed on. >> Yes, thank you. >> Mayor Adler: Any discussion on the consent agenda? We had the motion to approve. Is there any objection to approve the consent agenda? Hearing none it is approved. Those are all ours items. I adjourn the housing corporation meeting.