Big Housing Move for Austin's Villa Del Rey
- The Austin Housing Finance Corporation (AHFC) met to discuss financial matters related to city housing.
- A significant financial decision was made to approve the payoff of a $2.4 million mortgage.
- This mortgage payoff is specifically for Villa Del Rey, a 32-unit housing property located in Austin's District 9.
- The meeting also included the routine approval of minutes from four previous meetings held in August and September.
Full Transcript
Austin Housing Finance Corporation (AHFC) Meeting Transcript – 11/6/2025
Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 11/6/2025 6:00:00AM Original Air Date: 11/6/2025 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.
[2:00:22 PM]
I'll recess the meeting of the city council and convene the Austin housing finance corporation meeting. It is 2 P.M. We're in Austin city hall, 301 west second street. It is Thursday, November 6th. I am vice president Vanessa Fuentes filling in for president Kirk Watson, who is absent today on city business. I'll turn it to staff for the two consent agenda items. Welcome. Mandy Demayo. >> Thank you. Thank you. Vice president, board of directors Mandy Demayo, Austin housing finance corporation you have two items on your agenda. The first is approving the last four meeting minutes of for August 13th, August 28th, September 11th and September 25th. The second item is approving the payoff of a mortgage on a property that hfc or subsidiary owns. It's called villa del rey. It is in district nine. It is 32 units and the payoff amount is approximately $2.4 million. I offer both of these items on consent. Happy to take any questions. >> Board members. Is there a motion to approve the consent agenda? Motion by board member
[2:01:24 PM]
harper-madison seconded by board member Ellis. Any any discussion on the consent agenda. Clerk. Any speakers on the consent items? >> There are no speakers seeing. >> No speakers, no discussion on the items. Any objection to approving the consent agenda? Seeing none, the consent agenda stands approved with president Watson off the dais on city business. Thank you. That concludes all of the items on the agenda. It is now 2:02 P.M. And without objection, the meeting is adjourned. Is adjourned.