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Austin Housing Funding: Budgets Pass, Gaps Raised

Wednesday, August 11, 2021 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting
  • The Austin Housing Finance Corporation (AHFC) unanimously approved its capital budget, operating budget, and housing assistance fund budget for the upcoming fiscal year.
  • A resident raised concerns about the lack of investment in homeownership opportunities within current housing development programs, specifically noting that projects like St. Johns 19 acres excluded ownership.
  • The public comment also highlighted a perceived overemphasis on permanent supportive housing in some developments, questioning the balance of housing strategies.
  • Citizens were encouraged to report potential fraud, waste, or abuse related to pandemic oversight efforts.

Full Transcript

Austin Housing Finance Corporation Meeting Transcript – 08/11/2021 (and continuing on 08/12/2021) Title: City of Austin Channel: 6 - COAUS Recorded On: 8/11/2021 6:00:00 AM Original Air Date: 8/11/2021 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. Pt. 1 – August 11, 2021 portion of meeting] At 12:35 we're going to adjourn the regular city council meeting and begin the Austin housing finance corporation corporation meeting. Ms. Joseph? [12:35:35 PM] >> Exhibit a, both of them actually don't show any investment in home ownership and so I just wanted to make the comment that I'm looking specifically at housing development assistance program where it's just a dash. If you look at ownership housing development assistance there's nine G.O. Bonds and if you look at the other, exhibit 8, you will see only about 25 people as it relates to home buyer assistance. And I just wanted to call that to your attention because as you are aware, when you approved the St. Johns 19 acres there was no home ownership included in that. So I just lastly will say that the same arguments that you keep hearing about the permanent supportive housing and candlewood applies to he is sparrow Rutland permanent supportive housing as well and I would ask you to take into consideration the memo that I sent to you guys for item 118 for councilmember tovo last week. It's still relevant today. And for the people who are [12:36:36 PM] listening, pandemicoversight.gov is where you can actually file a fraud waste or abuse complaint -- [buzzer]. And I just -- I believe it's important for you -- >> Speaker, your time has expired. >> Harper- madison: Thank you. And clerk, I'd like to clarify for the record, I said adjourn the council meeting at 12:35. We needed to Vess the council meeting at 12:35. My apologies for that. I believe we have an in- person speaker for the Austin housing finance corporation. >> Yes. Pepper Medina. And I don't believe she is present. >> Harper-madison: Okay. Give me a moment because I do believe -- so that's it. So with that, I am going to recess the Austin housing [12:37:36 PM] finance corporation meeting at 12:37 and go back to the Austin city council meeting. [Pt. 2 – August 12, 2021 portion of meeting] At this point I'm going to recess the Austin city council meeting here at 9:13 and I am going to convene a meeting of the Austin housing finance corporation. This is August 12th -- actually, this is the August 11th meeting that has been continued over to August 12th, 2021. This meeting is being held both virtually and in person. We had earlier convened to take testimony in the Austin housing finance corporation. Is there anyone here to speak that would like to speak? Hearing none, is there an [9:14:34 PM] item for us to consider? >> Yes, mayor, Rosie truelove, director of Austin housing finance corporation. You have two items to consider today. The first is a resolution adopting the capital budget for fiscal year 1-'22 and the -- '21-'22 and the second is a resolution adopting the Austin housing finance corporation grant operating budget. And the housing assistance fund budget for the next fiscal year. And both can be taken on consent. >> Mayor Adler: Thank you. Is this a motion to approve those two items? Mayor pro tem makes the motion. Councilmember Renteria, councilmember Ellis both second. Any discussion? Those in favor please raise your hand. Those opposed? It is unanimous on the board of directors. It passes 11-0. I think those are all the items for us to consider, is that correct? >> That is correct. We're done, thank you. >> Mayor Adler: All right. The meeting of the Austin [9:15:36 PM] housing finance corporation is adjourned.