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Austin Housing Finance Corporation approves two FY25 loans for multifamily projects
Summary
At its April 10 meeting the Austin Housing Finance Corporation adopted the consent agenda, authorizing loans of $5,754,000 to Amtex Manor Fund LP for Manor Apartments and up to $5,600,000 to Bailey at Stassney LP, funded from the AHFC fiscal year 2025 capital budget.
The Austin Housing Finance Corporation board adopted its consent agenda on April 10, authorizing two loans from the AHFC fiscal year 2025 capital budget for proposed multifamily developments.
The board approved a $5,754,000 loan to Amtex Manor Fund LP for the development of Manor Apartments, listed at 6721 Manor Road near the intersection of Manor Road and Ed Bluestein Boulevard. The board also authorized a loan not to exceed $5,600,000 to Bailey at Stassney LP for a multifamily rental development near 40404 West Stassney Lane. Both items were on the board’s three-item agenda and were funded from AHFC’s fiscal year 2025 capital budget.
Jamie May, housing and community development officer for the Housing…
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