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Austin Housing Finance Corp. board accepts $750,000 grant, authorizes $10.5M acquisition and Guidehouse contract
Summary
The Austin Housing Finance Corporation board approved multiple housing actions on Feb. 13, including a $750,000 St. David’s Foundation grant for 5900 Pleasant Valley, authorization to acquire four parcels on South Congress for $10.5 million, and a Guidehouse contract to implement program recommendations.
The Austin Housing Finance Corporation board met during the Feb. 13 City Council session and approved seven items on consent, including a $750,000 grant acceptance, the wind‑down of three AHFC nonprofit affiliates, authorization to acquire property parcels along South Congress, and a professional-services contract.
James May, housing and community development officer, told the board the $750,000 grant from St. David’s Foundation will support a homeownership partnership at 5900 Pleasant Valley. He also said assets of three AHFC nonprofit corporations (AHFC Avalon Nonprofit Corporation; AHFC Village on Little Texas Nonprofit Corporation; and AHFC Pecan Park PSH Nonprofit Corporation) will revert to AHFC general as the entities are wound down.
On property matters, the board authorized acquisition of four partials on the 2900 block of South Congress Avenue at a combined cost of $10,500,000 plus closing costs; funding is available in AHFC’s FY24‑25 budget, staff said. Finally, the board authorized execution of a contract with Guidehouse Incorporated to help implement recommendations for AHFC rental and ownership development assistance programs.
Board action: all seven items were taken on consent and adopted. Zenobia Joseph addressed the board in public comment and said she supported terminating the Pecan Park nonprofit, and raised equity concerns about homelessness programs.
Why it matters: the actions move forward funding and property acquisitions that affect AHFC’s development pipeline and program implementation, and they consolidate AHFC control of prior nonprofit vehicles into the corporation’s general holdings.
Next steps: staff will proceed with property closings, contract execution with Guidehouse, and administrative steps to wind down the specified affiliate nonprofits.
