AHFC Budgets & City Service Agreement Approved
FY26 Budgets Adopted:
The Austin Housing Finance Corporation (AHFC) unanimously approved its capital and operating budgets for the upcoming fiscal year.City Service Agreement:
A key service agreement between the City of Austin and AHFC for FY26 was also unanimously adopted, outlining continued collaboration on housing initiatives.Quick Approvals:
All three agenda items passed swiftly and unanimously via a consent agenda, signifying broad support from the board of directors.No Public Testimony:
While one speaker was registered to address the service agreement, they were not present, resulting in no public comment during the brief meeting.
Full Transcript
Austin Housing Finance Corporation (AHFC) Meeting Transcript – 8/13/2025
Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 8/13/2025 6:00:00AM Original Air Date: 8/13/2025 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.
[4:04:53 PM]
With that, I will. Call to order the meeting of the Austin housing finance corporation members. It is 4:05 P.M. On Thursday, August 14th, 2025. We have a quorum of the board of directors. In fact, all of the board of directors are present at this meeting of the Austin housing finance corporation board of directors. And we are meeting in city hall and the city council chambers at 301 west second street. Please.
[4:06:02 PM]
Please. >> Mandy Demayo, Austin housing finance corporation, you have three items on today's agenda. I offer them all in consent. The first is approving the capital budget for Austin housing finance corporation for fiscal year fy 26. The second item is approving the operating budget for aafc for fy 26, and the third item is approving the service agreement between the city of Austin and Austin housing finance corporation for fy 26. Happy to answer any questions. Offer them on consent. >> Members. Do you have any questions of our professional staff hearing? None. I will entertain a motion to approve all three items on consent made by board member Velazquez. And I'm looking this rey. Sorry, sorry, sorry I'm sorry. >> I will say your your natural thing was to go to the left. >> So there's no question y'all see me in a car. I just kind of
[4:07:02 PM]
see me in a car. I just kind of go like this. >> I'm looking forward to you leading more to the right. >> Well, I'll work on it. Council member. So council member Velazquez moves approval of the consent agenda. It is seconded by council member qadri, who somehow has proudly to my right. And with that being said, is there anyone here wishing to anybody, any member of the board of directors that wishes to abstain from voting on an item on the consent agenda? Anyone wishing to recuse themselves? You're right. Anyone wishing to recuse themselves from a vote, anyone wishing to show themselves voting no. Let me ask if I know that there was somebody signed up to speak. Let me ask if there's anyone here that wishes to speak or is on remote. >> Mayor. We had one speaker, Zenobia Joseph, on item three,
[4:08:03 PM]
Zenobia Joseph, on item three, but I do not see her here. >> Okay? I have not seen her today either. All right, miss Joseph. Zenobia. Joseph. Miss Joseph. All right, members, you've heard the motion. The second to adopt. I don't have any no votes. Without objection, the consent agenda for the Austin housing finance corporation is adopted unanimously. >> Thank you. >> Thank you, ma'am. Members. That being all the business to come before the board of directors of the Austin housing finance corporation. Without objection, we will adjourn the meeting of the Austin housing finance corporation at 4:08 P.M. We are adjourned.