Big Housing Push: $50 Million Bonds OK'd
- The Austin Housing Finance Corporation approved a plan to issue up to $50 million in private activity bonds.
- This significant funding aims to support a new housing development project.
- The upcoming development will be managed by a subsidiary and is slated for the 3515 area.
Full Transcript
Austin Housing Finance Corporation (AHFC) Transcript – 12/02/2021
Title: ATXN-1 (24hr) Channel: 6 - ATXN-1 Recorded On: 12/2/2021 6:00:00 AM Original Air Date: 12/2/2021 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.
[11:10:03 AM]
I'm going to go ahead and convene here on December 2nd, 2021 the
[11:11:04 AM]
meeting of the Austin housing finance corporation here at city hall. We have a quorum of the directors available with us. Director, do you want to take us through the consent agenda? >> I am with the Austin housing finance corporation. We have two items on today's agenda. The first is approving the November 4th, 2021 minutes and the second is approving the inducement resolution private activity bonds of up to $50 million for a development that would be managed by a subsidiary of ask located at 3515. I offer those two items on consent and am happy to answer any questions. >> Mayor Adler: Thank you. Is there a motion to approve the consent agenda on this Austin housing finance corporation?
[11:12:04 AM]
Councilmember tovo makes the motion. Councilmember Renteria seconds the motion. Any discussions? Those in favor please raise your hand. Those opposed. I'm seeing it as being unanimous among the directors. The consent agenda passes. Thank you both for being here. >> Thank you. >> Mayor Adler: With that we'll go ahead and adjourn the Austin housing finance corporation meeting here at 11:12.