Austin Housing Finance Corporation (AHFC) Meeting Transcript – 3/12/2026 Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 3/12/2026 6:00:00AM Original Air Date: 3/12/2026 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. [10:35:02 AM] And I will call to order now the board of directors meeting of the Austin housing finance corporation. That meeting is. It is 1035 and we have called that meeting to order, and I will turn to our professional staff. If you're leaving the council chambers, please keep your conversations. I know you can't hear me because you're talking. There you go. >> Good morning, Mandy Demayo Austin, housing finance corporation. I am here this morning to present the agenda. [10:36:03 AM] >> On Demayo. Please. If you're leaving the council chambers and you're talking, I would ask that you not do that so that we can continue with the business. Thank you. >> There are two items on today's agenda. The first item is authorizing the negotiation and execution of a loan with foundation communities fc bloom housing for $5.5 million. This loan agreement may be familiar. You're actually reauthorizing. There were some changes to the application and increase in the number of units, as well as a temporary change in the mfis that we will be serving on this property in order to accommodate relocation while the property undergoes redevelopment. That information is provided in your backup. And we also have a representative from foundation communities here today. So that's a $5.5 million loan. And then the second item is approving the board of directors meeting minutes from November 6th, 2025. [10:37:04 AM] I'm happy to take any questions. I offer this on consent. >> Board members. Do you have any questions? Yes. Councilmember. >> Alter the loan. Is it through the Rota program or is this outside of Rota? >> This is through the Rota program and it was previously last may, you all approved a $5.5 million loan. The loan did not change. The affordability period was extended from 40 to 41 years. Some of the fees were adjusted to accommodate existing residents on the property, who will be temporarily relocated. But it is a road alone. >> And the term is for how long? >> A 4041 years. >> Okay. Yeah. Thank you. >> Thank you. Any further questions? Let me ask, do we have anyone signed up to speak? >> Thank you. Mayor, we have one speaker on hfc 001 Zenobia Joseph. >> I've not seen her come in today. Miss Joseph, are you here? I don't see her. >> That concludes all speakers. >> All right. Thank you. Members. That concludes the items that we will take up on the consent agenda. I'll [10:38:06 AM] entertain a motion to approve the consent agenda. The housing finance corporation council member Velasquez makes the motion to. Second by councilmember Laine. Any. I'll ask for discussion. Any discussion. Anyone wishing to abstain from a vote on any item on the consent agenda. Anyone wishing to recuse themselves from a vote on an item on the consent agenda. Anyone wishing to be shown voting no on one of the items on the consent agenda, seeing none with no further discussion. Without objection, the consent agenda for the Austin housing finance corporation for today is adopted. Thank you, thank you. Without objection, we will adjourn the meeting of the Austin housing finance corporation for March 12th, 2026 at three. At 1038. We are adjourned.