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Austin Housing Finance Corporation adopts three affordable-housing consent items; nonprofit formation postponed
Summary
The Austin Housing Finance Corporation board of directors adopted its consent agenda at the meeting called to order at 2:39 p.m., approving payment for The Grove planned unit development, a construction contract for the Doris Hathaway affordable residential development and the April 10 meeting minutes.
The Austin Housing Finance Corporation board of directors adopted its consent agenda at the meeting called to order at 2:39 p.m., approving payment for The Grove planned unit development, a construction contract for the Doris Hathaway affordable residential development and the April 10 meeting minutes. A fourth agenda item on the creation of a nonprofit was postponed until July after staff said the change was needed to comply with newly passed state law.
James May, housing and community development officer with the City of Austin Housing Department, told the board the Grove payment concerns 32 affordable rental units for households at or below 60% of area median family…
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