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Austin Boosts Senior Housing Options

Thursday, April 9, 2020 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting
  • Approved $18.5 million in bonds to finance a new senior housing development.
  • The project will create 170 multi-family units specifically for seniors.
  • This development is planned for District 6 on Mcneil Drive.

Full Transcript

Austin Housing Finance Corporation Meeting Transcript – 4/9/2020 Title: City of Austin Channel: 6 - COAUS Recorded On: 4/9/2020 6:00:00 AM Original Air Date: 4/9/2020 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. It is April 9th, 1:10. We are doing this virtually and remotely. Is staff here that wants to take us through the consent agenda? >> Yeah, this is Mandy de mayo, Austin housing finance corporation. We have one item on the ahfc agenda. It's approving an inducement resolution for private activity bonds that ahfc will be issuing. It is up to $18.5 million. And this is for a multi-family development, a senior housing project, 170 units, in district 6 on Mcneil drive. The developer is dma development. >> Mayor Adler: Okay. Is there a motion to approve this item? [1:11:44 PM] Councilmember Flannigan makes the motion. Seconded by councilmember pool. Discussion? Those in favor please raise your hand. Those opposed? It's unanimous on the board of the ahfc. Any other business for to us take care of? Mandy? >> I believe that is it. >> Mayor Adler: All right. So with that then thank you, Mandy. With that this -- this ahfc meeting is adjourned at 1:11.