February 29, 2024 Austin Housing Finance Corporation (AHFC) Board of Directors Regular Meeting
Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
February 29, 2024
Hybrid Speaker Registration and Rules
20240229, Austin House Finance Corporation (AHFC) Meeting - Hybrid Speaker Registration and Rules
Meeting Agenda
Agenda: Austin Housing Finance Corporation (AHFC), 132 KB
Approved Meeting Minutes
Minutes: Austin Housing Finance Corporation (AHFC), 807 KB
Closed Caption Transcript
Transcript: Austin Housing Finance Corporation (AHFC), 211 KB
Video
Play video - February 29, 2024
Agenda Items - February 29, 2024
Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.
Item AHFC001 - February 29, 2024
Approve the meeting minutes of the January 18, 2024, Board of Directors meeting of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20240229-AHFC001, Agenda Backup: January 18, 2024 Draft Minutes, PDF, 36 KB, posted 2/16/2024
20240229-AHFC001, Agenda Backup: Recommendation for Action, PDF, 108 KB, posted 2/16/2024
Item AHFC002 - February 29, 2024
Authorize negotiation and execution of a new or amended loan agreement and related documents with Foundation Communities, Inc., or an affiliated entity, in an amount of $1,553,529, for a total loan amount not to exceed $20,134,448, for the development of rental housing known as Balcones Terrace located at 10024 North Capital of Texas Highway, Austin, Texas 78759. District(s) Affected: District 7.
Work Papers and Other Backup Documentation
20240229-AHFC002, Agenda Backup: Backup, PDF, 68 KB, posted 2/16/2024
20240229-AHFC002, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 2/16/2024
Item AHFC003 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with The Vecino Group, LLC or an affiliated entity in an amount not to exceed $6,000,000 for the development of rental housing to be known as Cairn Point Montopolis, located at 1013 Montopolis Drive, Austin, Texas 78741. District(s) Affected: District 3.
Work Papers and Other Backup Documentation
20240229-AHFC003, Agenda Backup: Backup, PDF, 88 KB, posted 2/16/2024
20240229-AHFC003, Agenda Backup: Recommendation for Action, PDF, 127 KB, posted 2/16/2024
Item AHFC004 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with Escuela Nueva, LLC, or an affiliated entity in an amount not to exceed $9,690,000, for the development of rental housing to be known as Escuela Nueva, to be located at 2013 Montopolis Drive, Austin, Texas 78741. District(s) Affected: District 3.
Work Papers and Other Backup Documentation
20240229-AHFC004, Agenda Backup: Backup, PDF, 89 KB, posted 2/16/2024
20240229-AHFC004, Agenda Backup: Recommendation for Action, PDF, 126 KB, posted 2/16/2024
Item AHFC005 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with Foundation Communities, Inc. or an affiliated entity in an amount not to exceed $5,446,471 for the development of rental housing to be known as Mary Lee Square, located at or near 1316, 1318, 1322-1324, 1330-1332, and 1340-1342 Lamar Square Drive, Austin, Texas 78704. District(s) Affected: District 9.
Work Papers and Other Backup Documentation
20240229-AHFC005, Agenda Backup: Backup, PDF, 85 KB, posted 2/16/2024
20240229-AHFC005, Agenda Backup: Recommendation for Action, PDF, 127 KB, posted 2/16/2024
Item AHFC006 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with Family Eldercare, Inc. or an affiliated entity in the amount of $1,122,639, for a total loan amount not to exceed $4,522,639, for the development of rental housing to be known as Real Gardens, located at 2824 and 2826 Real Street, Austin, Texas 78722. District(s) Affected: District 1.
Work Papers and Other Backup Documentation
20240229-AHFC006, Agenda Backup: Backup, PDF, 83 KB, posted 2/16/2024
20240229-AHFC006, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 2/16/2024
Item AHFC007 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with Integral Care, or an affiliated entity, in an amount not to exceed $7,900,000, for the development of rental housing to be known as Seabrook Square II to be located at 2210 Pershing Drive, Austin, Texas 78723. District(s) Affected: District 1.
Work Papers and Other Backup Documentation
20240229-AHFC007, Agenda Backup: Backup, PDF, 66 KB, posted 2/16/2024
20240229-AHFC007, Agenda Backup: Recommendation for Action, PDF, 127 KB, posted 2/16/2024
Item AHFC008 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with Manifold Sunset Ridge LIHTC, LLC, or an affiliated entity, in an amount not to exceed $8,885,000, for the development of rental housing to be known as Sunset Ridge Apartments located at or near 8413 Southwest Parkway, Austin, Texas 78735. District(s) Affected: District 8.
Work Papers and Other Backup Documentation
20240229-AHFC008, Agenda Backup: Backup, PDF, 74 KB, posted 2/16/2024
20240229-AHFC008, Agenda Backup: Recommendation for Action, PDF, 126 KB, posted 2/16/2024
Item AHFC009 - February 29, 2024
Authorize negotiation and execution of a loan agreement and related documents with 5900 Pleasant Valley, LP, or an affiliated entity, in an amount not to exceed $8,950,000, for the development of rental housing to be known as 5900 South Pleasant Valley located at or near 5900 South Pleasant Valley, Austin, Texas 78744. District(s) Affected: District 2.
Work Papers and Other Backup Documentation
20240229-AHFC009, Agenda Backup: Backup, PDF, 72 KB, posted 2/16/2024
20240229-AHFC009, Agenda Backup: Recommendation for Action, PDF, 126 KB, posted 2/16/2024
Item AHFC010 - February 29, 2024
Authorize negotiation and execution of a new or amended loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount of $1,435,200, for a total loan amount not to exceed $5,258,251, for the development of ownership housing known as GSNZ 7 Acres West located at 2721 Goodwin Avenue, Austin, Texas 78702. District(s) Affected: District 3.
Work Papers and Other Backup Documentation
20240229-AHFC010, Agenda Backup: Backup, PDF, 71 KB, posted 2/16/2024
20240229-AHFC010, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 2/16/2024
Item AHFC011 - February 29, 2024
Authorize execution of an amendment to the contract with Capital Impact Partners for an additional three months to develop training for small affordable housing developers.
Work Papers and Other Backup Documentation
20240229-AHFC011, Agenda Backup: Backup, PDF, 27 KB, posted 2/16/2024
20240229-AHFC011, Agenda Backup: Recommendation for Action, PDF, 110 KB, posted 2/16/2024
Page updated: 7/2/2025, 11:19am
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