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Austin Housing Finance Corporation approves five housing agreements on consent
Summary
The Austin Housing Finance Corporation board approved five consent items — loan agreements and contract amendments totaling several million dollars for new construction, rehabilitation and vouchers — after brief presentations and one public comment urging greater transparency and transit access.
The Austin Housing Finance Corporation board on Sept. 25 approved five consent items that authorize loan agreements, contract amendments and tax-credit financing for several affordable-housing projects and a local voucher program.
Mandy DeMayo, representing the Austin Housing Finance Corporation, presented the five consent items and said she offered them “on consent.” The board approved the consent agenda without objection after a brief public comment period and no requests to pull items for separate consideration.
The items approve or authorize negotiations for financing and agreements for projects described as follows: a loan negotiation with Foundation Communities for up to $11,700,000 to develop Crossroads Apartments in District 7 (described as 110 rental units); an amendment to a contract with the Housing Authority of the City of Austin for the local housing voucher program for $7,800,000; an agreement with the Housing…
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