Austin Housing Finance Corporation (AHFC) Meeting Transcript – 12/12/2024 Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 12/12/2024 6:00:00AM Original Air Date: 12/12/2024 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. [11:21:16 AM] I'll call to order the Austin housing finance corporation board of directors meeting for December 12th, 2024. It is 11:21 A.M. We are meeting in the city council chambers of Austin city hall at 301 west second street, and we have all of the members of the board of directors members. We have 13 items on the agenda, and I'll [11:21:38 AM] look to the staff for a presentation. >> Good morning, Mr. President. Madam vice president, board of directors, my name is James may. I'm the housing and community development. >> Hang on one second, Mr. May. If you're in the council chambers, please hold down your conversations and take those outside, if you don't mind. Thank you all very much. Frankly, even if you do mind, please take them outside. Mr. May, it's all yours. >> Thank you sir. In your agenda today, you do have 13 items listed. However, I do want to point out that item two has been withdrawn and item eight has been postponed until January 30th. We will probably bring both of those back shortly. We just want a little bit more time to work on them. >> Great. Thank you. >> To review your agenda today, we have your the minutes from the September 26th, October 10th and October 24th meetings of the Austin housing finance corporation board of directors. We also have the execution, the authorization of a loan from the affordable housing program agreement to obtain $2 million loan from the federal home loan bank of Dallas for the [11:22:39 AM] bank of Dallas for the development known as the Ross, located at or near 3435 parker lane. This item has no fiscal impact. We're just simply collecting the money from fhlb and then pushing it back out to the Ross. We also would like to authorize a loan agreement with Karen point montopolis for an amount of $2 million, for a total loan amount not to exceed $8 million for a multifamily rental development known as Karen point montopolis located at or near 1013 montopolis drive, we would like to authorize a loan agreement with Texas Clayton 2024 limited, not to exceed $7,950,000 for a multifamily rental development known as Cameron high line, located at or near 1124 Clayton lane. We'd like to authorize a loan agreement with Guadalupe neighborhood development corporation for a loan not to exceed $3,883,400 for an ownership development known as Johnny lemon village, located at 800 Gardner road. We would like to grant in fee simple lot two, [11:23:41 AM] to grant in fee simple lot two, block a 900 Gardner to the Guadalupe neighborhood development corporation for the development of approximately 27 affordable units. Ownership units. Again, item number eight has been postponed. Item number nine to execute a loan agreement with 8301 riverstone lp in an amount not to exceed $720,000 for an ownership development known as a 301 riverstone located at or near 8301 riverstone drive. We would like to amend the loan agreement with a capital a at Menchaca to add an additional $525,000 for a loan amount not to exceed $1,908,000 $480 for an ownership development known as 7331 manchaca townhomes located at or near 7331 manchaca road. We would like to execute a loan agreement with Austin habitat for humanity in an amount not to exceed $1.2 million for an ownership development known as [11:24:41 AM] ownership development known as prospect heights, located near 1142 poquito street. We'd like to execute a loan agreement with Texas state affordable housing corporation in an amount not to exceed $2 million for an ownership development known as moon tower flats, located near 1910 east mlk boulevard. And finally, we'd like to execute a loan agreement with aspire at Austin lp in an amount not to exceed $8,755,000 for a multifamily rental development to be known as aspire at Austin, located at or near 1000 east Braker lane, and I offer all 11 of these items on consent. >> Thank you for the presentation, members. Are there any questions of staff on these 11 items? All right. Remember, for the motion that I'm getting ready to ask for, that item number two has been withdrawn and item number eight has been postponed to January 30th, 2025. Is there a motion to approve the consent agenda as read? Board member zo qadri makes the motion seconded by board member [11:25:42 AM] seconded by board member harper-madison. Discussion on the consent agenda as read. Is there anyone wishing to abstain from any of the items on the consent agenda? Anyone wishing to be shown recusing themselves from a vote on the consent agenda? Anyone wishing to be shown voting no on the consent agenda? Members without further discussion. Without objection, the consent agenda for the Austin housing finance corporation. >> We do have we do have a few speakers. >> Oh well, that that works too. Let's go to those. >> All right. Sorry about that. No that's fine. We have it. Looks like we have chase Wright on item six. >> Chase Wright. Chase Wright. Chase Wright okay. >> And then it looks like we also have Micah Arnold on item. Let's see. No we have Zenobia [11:26:43 AM] Let's see. No we have Zenobia Joseph. So give me one moment. Let me allow her to speak. Miss Joseph. >> Thank you. Mayor, can you hear me? Yes. Okay. Thank you. Mayor. Directors. Members. Zenobia. Joseph. My opposition is to item 13. That is a $100 million project. You're being asked to fund the 8.75 million today, 1000 east Braker lane. That's in district one. Disappointed with Natasha harper-madison. This is actually creating a ghetto 368 units on route 392 for context January 9th, 2017 council member alter was sworn in. And this is when I testified at capital metro and she did two. I testified because they were trying to get rid of route 392. That route has been saved, but the frequency is not there. It's on a 40 minute, 45 [11:27:44 AM] there. It's on a 40 minute, 45 minute headway. And when the bus gets canceled, people are sitting there waiting over an hour for the bus trying to get to work. I want to remind council member alter that she actually championed the equity plan, but she's silent when it comes to raising the land. This is dense forestry and all of the trees are being knocked down. So you're creating social determinants of health. An equity plan is not just for west Austin. You should speak out when there's something going on in east Austin. Two specifically, I want you to recognize the hostile architecture, the defensive design that we have there in the east side of 35, codifying the 1928 city plan. There are no shelters. If you continue on route 392, you'll recognize right there at the intersection of this development. Our senior citizens at collinwood lost their bus service in 2018, and those that rbj enjoy two bus routes, 322, and they have a Monday bus for 93 two. I want [11:28:46 AM] Monday bus for 93 two. I want you to recognize when you continue on route 392 into the neighborhood. There are three schools in this area at Yeager and tech ridge boulevard, over 2000 units and no bus stop shelter. And really there. >> Thank you, miss Joseph charter. >> You are supposed to fund it. >> Thank you mayor. >> That concludes all the speakers members. >> That concludes all the speakers that were signed up on the consent agenda. I've previously asked if there were any abstentions, recusals or no votes, and if there was any further discussion, there being no further discussion. Without objection, the consent agenda for the board of directors meeting of the Austin housing finance corporation is adopted. Members. Without objection, we will adjourn the meeting of the Austin housing finance corporation board of directors for December 12th, 2024 at 11:29 A.M.