Austin Housing Bonds Approved for Downtown Site
- The Austin Housing Public Facility Corporation approved a key financial step for a new downtown development.
- Private activity bonds were authorized for Manifold Development to build "Block 32" at 304 East 3rd Street.
- This project carries no direct financial impact for Austin taxpayers, as the bonds will be repaid by the developer.
- The single agenda item was swiftly approved with no public speakers or debate.
Full Transcript
Austin Housing Public Facility Corporation (AHPFC) Transcript – 2/13/2025
Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 2/13/2025 6:00:00AM Original Air Date: 2/13/2025 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.
[10:52:12 AM]
I will call to order the board meeting of the Austin housing public facility corporation. It is 10:52 A.M. February 13th, 2025, and we're meeting in the city council chambers. I'll recognize staff. >> Good morning. I'm Jamie may, the housing and community development officer for the housing department. I'm here to present the rh, PFC agenda to the PFC board of directors. You have one item on your agenda today. This is the approval of an inducement resolution to authorize the allocation of private activity bonds for manifold development to develop block 32, located at 304 east third street. This item has no fiscal impact, as these private activity bonds would be repaid by the developer. I'm happy to answer any questions. >> Board members, are there any questions? That being the case, let me ask if there's a motion to approve the item for the Austin housing public facility corporation is made by board member Velasquez, seconded by board member qadri. I'll turn to the city clerk to see if there's anyone signed up to speak. >> There are no rf, PFC speakers
[10:53:13 AM]
>> There are no rf, PFC speakers members. >> There are no speakers on this. On this item, I will ask if there's anyone wishing to be shown recusing themselves, abstaining, or voting no. Without objection, the meeting, the item, the motion which was made and seconded is adopted. There being no further business to come before the Austin housing public facility corporation board of directors meeting, we are, without objection, adjourned at 10:53 A.M.