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AHFC approves $25M in private-activity bonds for Sycamores at Pleasant Valley; boosts eviction-defense contract
Summary
On Sept. 11, 2025, the Austin Housing Finance Corporation board approved issuance of $25,000,000 in private-activity bonds for the Sycamores at Pleasant Valley multifamily project and amended a contract with Texas Rio Grande Legal Aid Inc. to increase eviction-defense funding to a total not to exceed $725,000.
On Sept. 11, 2025, the Austin Housing Finance Corporation board approved the issuance of $25,000,000 in private-activity bonds for the Sycamores at Pleasant Valley multifamily development and approved an amendment to the corporation's contract with Texas Rio Grande Legal Aid Inc. to increase funding for eviction representation and outreach services by $230,000, bringing the contract total to a maximum of $725,000. Both items were adopted on the consent agenda; Council Member Vela was shown recusing himself from the vote on the contract amendment.
Jamie May, housing and community development officer for the Austin Housing Finance Corporation, presented the two consent items. May described the first item as private-activity bonds for the development of "Sycamores at Pleasant Valley" in the amount of…
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