Scala Nueva: New Affordable Homes Approved
Approved a major new housing development called Scala Nueva:
This project will deliver 114 residential units, developed by the Guadalupe Neighborhood Development Corporation.Boosted affordable housing options:
Of the 114 units, 86 (approximately 75%) are designated as affordable for families earning 50% of the median family income.Secured $30 million in funding:
Private activity bonds were approved to finance the construction of the Scala Nueva project, which also includes 12 three-bedroom units for families.
Full Transcript
Austin Housing Public Facility Corporation (AHPFC) Transcript – 3/23/2023
Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 3/23/2023 6:00:00 AM Original Air Date: 3/23/2023 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. [10:38:56 AM]
It is 10 38. 10 39 am I will now call to order the Austin housing public facility corporation meeting at 10:39 A.M. Staff good for us again. Yes, sir. You have two items on this agenda. This is to approve the minutes from your seventh member 29th 2022 meeting and to approve an inducement resolution for a Scala nueva, which is a property at, developed by general G N. D. C Guadalupe neighborhood development corporation is 114 units, 86 of which are affordable at 50% median family income. And it also has a total of 12 3 bedroom units. This is a private activity bonds 4 $30 million and I offer this on consent. Thank you. Madam clerk. Do we have any speakers that have signed up to speak to the
[10:39:57 AM]
border directors of the Austin housing public facility corporation. No there are no speakers for the H P. F. C. Thank you. Members of the president intends to take up. This is a consent agenda. Are there any are there any members of the board that wish to be shown recusing themselves abstaining from the vote or voting no on either of the two items. All right, look up and make sure I'm covering those that are virtually with us. Do you wish to be shown? Okay, everybody's good. They're very good. Is there a motion to adopt the consent agenda of the Austin housing public facility corporation meeting? Council member board member pool makes the motion seconded by board member Ellis. Is there any objection to the motion? Hearing none. The motion is adopted without objection. I adjourned the Austin housing public facilities corporation meeting and it is 10. I'm sorry, council member board member alter Alison alter. I was waiting until you
[10:41:01 AM]
had recessed you'd gone back. Sorry. I was adjourning the Austin housing public corporation meetings so that we could go back to the council meeting. Which would you like to comment on I just wanted to let you know that I got the answer to my question for item 50 and I would like to move passage of that at the appropriate okay, then I when I get us back, that's the first thing we'll do I. That's why I was saying I was waiting till Renteria. I want to make sure we're clear without objection. We're adjourning the Austin housing public facility corporation meeting. That meeting is adjourned.