Austin Housing Finance Corporation (AHFC) Meeting Transcript – 5/7/2026 Title: ATXN-1 (24hr) Channel: 1 - ATXN-1 Recorded On: 5/7/2026 6:00:00AM Original Air Date: 5/7/2026 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. [2:29:00 PM] And I will now call to order at 2:29 P.M. On may 7th, 2026, the board of directors meeting of the Austin housing finance corporation. We have a we have a quorum of the board of directors present. We are meeting in Austin city hall, which is located at 301 west second street in the city council chambers, and I will now turn to the staff. >> Good afternoon everyone. I [2:29:42 PM] am Nicole Joslyn. I'm the housing and community development officer for Austin housing. I'm here to present the hfc board meeting agenda today. We have two items on consent. Our first item is to approve the minutes of the hfc board meeting from April 23rd, 2026. And our second item is to approve an inducement resolution for private activity bond financing that authorizes an allocation of up to $33 million in private activity volume cap, multifamily non-recourse bonds to elm ridge preservation, L.P. This is a proposed rehabilitation project of an affordable multifamily development known as elm ridge apartments, located at 1190 airport boulevard. This is in council district one, and these bonds are not obligations of hfc or the city of Austin, and the full faith and credit of the city of Austin is not pledged to repay these bonds. >> Thank you. Anybody have any questions of staff? All right. Let me turn to the clerk and [2:30:43 PM] ask for speakers on the consent agenda that I'm not I have not called for a motion yet, but go ahead and call the speakers. >> Thank you. Mayor, we have one remote speaker on item hfc 002, Patrick berry. >> Patrick berry. >> Hello, mayor and city council members. Hi, Patrick berry speaking. I we're excited about the opportunity to invest what will amount to over $85,000 per door into a meaningful rehabilitation of elm ridge apartments, which is a 100% project based section eight property located off of airport boulevard. This is a family property where occupancy is restricted to those that earn below 50% of the area median income. We will maintain and preserve those affordability levels. No residents will bear the burden of any rent increases, and the efficient use of this scarce resource will allow us to enact, [2:31:44 PM] as I say, what is a meaningful rehabilitation to all the units, site and amenities. So appreciate the consideration. >> Thank you very much. >> That concludes our speakers. >> Mayor members, that concludes all the speakers. So I'll entertain a motion and a second on the consent agenda. Unless somebody wants to pull something from the consent agenda. All right. Council member board member Ellis moves that. We approve the consent agenda. It is seconded by board member Velasquez. Is there any discussion on the consent agenda? Anyone wishing to be shown abstaining from a vote on the consent agenda? Anyone wishing to recuse themselves from a vote on the consent agenda. Anyone wishing to be shown voting no on any item on the consent agenda. Hearing none. Without objection, the consent agenda is adopted and with with board member Fuentes absent for the birth of her child. So the consent agenda is is passed. Members are being no further business to come before the board of directors of the Austin housing finance [2:32:45 PM] corporation at this regular meeting on may 7th, 2026. Without objection, we will adjourn the board of directors meeting of Austin housing finance corporation at 2:32 P.M. We are adjourned.