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Austin Housing: Decolina & Deep Affordability

Thursday, January 23, 2020 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting
  • Decolina Apartment Funding

    A public hearing was held regarding the issuance of multi-family housing revenue bonds to finance the development of Decolina, an apartment complex on East Oltorf.
  • Community Call for Deep Affordability

    Speakers emphasized the critical need for "deeply affordable" units within the Decolina project, specifically to help homeless individuals and veterans.
  • Addressing Housing Loss

    Public comments also highlighted concerns about other nearby developments that are reducing affordable housing stock, urging Decolina to help bring some of those crucial units back.

Full Transcript

Austin Housing Finance Corporation Meeting Transcript – 1/23/2020 Title: City of Austin Channel: 6 - COAUS Recorded On: 1/23/2020 6:00:00 AM Original Air Date: 1/23/2020 Transcript Generated by SnapStream ================================== Please note that the following transcript is for reference purposes and does not constitute the official record of actions taken during the meeting. For the official record of actions of the meeting, please refer to the Approved Minutes. Recess the council meeting and call to order the Austin housing finance corporation meeting at 11:43. >> Good morning, mayor. James may, neighborhood housing. This item -- you have one item on your agenda today. It is to conduct a public hearing to receive public comment regarding the issuance of multi-family housing revenue bonds for the development of decolina, it's an apartment complex on east oltorf in district 3. >> Garza: We have one speaker. Mr. Pena, would you like to speak on 67? [11:43:42 AM] >> [Inaudible - no mic]. >> Mayor pro tem and councilmembers, Gus Pena again. I've been working with people and also veterans that are homeless, it's very important, but this item is very important also to make sure that an effort is made to help the homeless also once the product is completed. I just want to make sure that -- I don't know what components of this agreement will have, and I want to make sure that it is affordable for people that are homeless and entering an [11:44:44 AM] environment of housing. We're supportive of this, veterans for progress, anything that has to do with housing, et cetera. And I just want to make sure that, you know, everybody gets a fair shake, not just some, and I'll leave it at that. Thank you. >> Garza: There are no more speakers -- do you want to speak on this? >> Yes. >> Garza: Please say your name for the record when you're able to come up. >> My name is [ saying name ] With adapt Texas. I want to speak on this item. We are neither for nor against this development. We just hope it is deeply affordable of the [11:45:45 AM] neighborhood because, you know, we propose Riverside development going in the area that will take away approximately 1300 affordable units. Hopefully this development will bring some of them back. Thank you. >> Thank you. >> Developer is here if you have any questions. And I'm able to answer any questions. >> Garza: Is there any questions? I don't think there are. >> There are. >> Garza: There are also no more speakers. So I'll close the public hearing and adjourn the Austin housing finance corporation meeting and back in session on our city council agenda.