Austin Approves New Affordable Housing
Affordable Housing Project Advances:
The Austin Housing Public Facility Corporation moved forward with a significant new affordable housing development.$35 Million Investment:
This approval clears the way for a $35 million bond application to fund the project.114 New Homes on Montopolis Drive:
The "La Escuela Nueva LLC" development will bring approximately 114 affordable housing units to Montopolis Drive.
Full Transcript
Austin Housing Public Facility Corporation (AHPFC) Transcript –9/21/2023
Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 9/21/2023 6:00:00 AM Original Air Date: 9/21/2023 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. [11:23:10 AM]
>> Seconded by pro tem. There being no further business to come before the Austin housing finance corporation. Without objection, the board of directors meeting is adjourned at 11:23 A.M. I will now call to order the board of directors meeting of the Austin housing public facility. Corporate action. I'll recognize staff. >> Good morning, Mr. President. Madam vice president. Board of directors. My name is Jamie may. I'm the housing and community development officer for the housing department. Today on your agenda, you have two items. The first is the approval of meeting minutes from June first and June 8th. And the second is an inducement resolution, just like at the Austin housing finance corporation. This is one inducement resolution for la escuela nueva LLC. This is a $35 million bond application. To generate approximately 114 new affordable units located on montopolis drive. I'd be happy to answer any questions and I offer these on consent. >> Members have any questions. Is there anyone wishing to pull an item from the consent agenda? Do we have any speakers. >> We do not.
[11:24:14 AM]
>> We do not. >> There are no speakers on either of the agenda items as the chair intends to take this up as consent agenda based upon Ed lack of objection. Is there anyone wishing to be shown abstaining from the consent agenda? Anyone wishing to be shown as recusing themselves from a vote on the consent agenda? Anyone wishing to be shown voting no on the consent agenda there being none. Is there a motion to adopt the consent agenda as read? Councilmember Velasquez and seconded by councilmember Ryan alter is there any objection? Without objection, the consent agenda is adopted. That concludes the agenda for the Austin housing public finance corporation. Is there. Without objection, we will adjourn the Austin housing public facility corporation meeting at 11:25 A.M.