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Austin Housing Finance Corporation adopts consent agenda approving loan agreements and organizational amendment for affordable housing projects
Summary
The Austin Housing Finance Corporation unanimously adopted a four-item consent agenda including loan authorizations for projects in Districts 1, 2 and 4 and an organizational amendment; one public commenter raised civil-rights and transit equity concerns.
The Austin Housing Finance Corporation board on Monday adopted a four-item consent agenda, approving several loan agreements and an amendment to a nonprofit corporation's certificate of formation without objection.
Mandy DeMaio, interim director of the City of Austin Housing Department and treasurer of the Austin Housing Finance Corporation, presented the consent items and recommended they be adopted on consent. The items included: authorization to enter a loan agreement of approximately $7,700,000 to support a 38-unit affordable homeownership development in District 2 with Industry ATX; an amendment to the certificate of formation for AHFC Drazie Willow Nonprofit Corporation; authorization to enter a loan agreement for just over $4,000,000 with the Austin Area Urban League to support an 80-unit permanent supportive housing project in District 1 (backed by 80 project-based vouchers from the Housing Authority of the City of Austin and supported by Travis County); and a $4,000,000 loan agreement with Greystar Development for the St. John’s…
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