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Austin Housing Finance Corporation advances Sycamores at Pleasant Valley development, authorizes rental-assistance contract
Summary
The AHFC board adopted a consent agenda on Aug. 28, 2025, advancing ownership of land for the 75‑unit Sycamores at Pleasant Valley affordable-housing project, opening and closing a public hearing on $25 million in multifamily revenue bonds with no public speakers, and authorizing a ~$1.4 million/year tenant-based rental-assistance contract using federal HOME funds.
The Austin Housing Finance Corporation board adopted a consent agenda on Aug. 28, 2025, advancing plans for the Sycamores at Pleasant Valley affordable-housing development and authorizing staff to pursue a tenant-based rental assistance contract with the Housing Authority of the City of Austin.
Mandy DeMaio, Austin Housing Finance Corporation, told the board she had “4 items on today's agenda,” including approval of prior minutes, approving AHFC ownership of land at 5901 South Pleasant Valley Road for the project, authorization to contract…
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