The Austin Housing Finance Corporation (AHFC) convened on September 25, 2025, to discuss five key items aimed at enhancing affordable housing in the city. The meeting, held in the City Council Chambers, featured all board members present, including Mandy DeMayo, who outlined the agenda.

The first item proposed was to authorize negotiations for a loan agreement with Foundation Communities, amounting to $11.7 million for the development of Crossroads Apartments, which will provide 110 rental units. The second item involved an amendment to an existing contract with the Housing Authority of the City of Austin for the local housing voucher program, totaling $7.8 million.

Additionally, the board discussed a redevelopment project for Santa Rita Courts, which will create 96 units at a cost of approximately $4.5 million. Another significant item was a loan agreement with St. George Senior Housing Limited Partnership for $1.7 million to redevelop St. George's Court, a senior housing complex consisting of 60 units. Lastly, the board considered a loan agreement for Waverly North, which will involve rehabilitation and new construction for 76 units, with a proposed loan of $5.5 million.

Councilmember Sigel commended the housing department's efforts, noting that over 40,000 housing units have been built through various programs. Councilmember Vela expressed enthusiasm for the St. George's Court redevelopment, highlighting its importance for low-income seniors.

Public comments during the meeting emphasized the need for greater transparency regarding project details and timelines. Zenobia Joseph, a community member, urged the board to improve public access to information about housing developments.

The meeting underscored the AHFC's commitment to addressing affordable housing needs in Austin, with several projects aimed at enhancing living conditions for low-income residents and seniors. The board's next steps will involve finalizing the proposed agreements and continuing to engage with the community for feedback and transparency.