Austin Funds New Affordable Housing Projects
- Approved $460,000 to create 37 new affordable homes for purchase in South Austin (District 2).
- Greenlit funding for 45 supportive housing units on Menchaca Road (District 5) for residents at 30-50% median family income.
- These projects aim to boost accessible housing options for low-income residents across Austin.
Full Transcript
Austin Housing Finance Corporation (AHFC) Meeting Transcript – 3/3/2022 Title: ATXN-1 (24hr) Channel: 6 - ATXN-1 Recorded On: 3/3/2022 6:00:00 AM Original Air Date: 3/3/2022 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.
[11:00:48 AM] So I am now going to recess the meeting of the Austin city council here at 11:00o1 on March 3rd and I'll convene the meeting of the Austin housing finance corporation at 11:01 on March 3rd, 2022. Is staff here to take us through the consent agenda. I think Ms. De mayo is on. >> Yes, we are here. Mandy de mayo, Austin housing finance corporation. You have three things on today's agenda. The first item is approving meeting minutes from January 27th and February 3rd of 2022. The second item is approving us moving forward with a loan agreement with [11:01:48 AM] summertree development for an ownership housing development assistance project to be developed at 7308 south congress in district 2. This is for $460,000 and will result in 37 affordable home ownership units. And the third item is approving us to move forward with the loan agreement with integral care for the development of Menchaca supportive housing, 45 Puentes, all efficiency, for folks at 30% and 50% median family income. That is at 7133 Menchaca road in district 5. We are happy to answer any questions. I offer all of those on consent. >> Mayor Adler: Thank you. Is there a motion to approve these items? Is there a motion to approve these items? Councilmember Renteria moves approval. Councilmember Ellis -- councilmember harper-madison [11:02:48 AM] seconds that. Any comments on the consent agenda? Seeing no comments, all those in favor of the consent agenda for ahfc please raise your hand. So we have I think nine of us on the database with mayor Adler absent and -- on the dais with mayor Adler absent and councilmember tovo off the dais. Thank you, it passes. And I'll now adjourn the meeting of the Austin housing finance corporation at 11:03 on March 3rd and I'll reconvene the meeting of the Austin city council meeting at 11:03