Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
December 12, 2024
Hybrid Speaker Registration and Rules
20241212, Austin House Finance Corporation (AHFC) Meeting - Hybrid Speaker Registration and Rules
Meeting Agenda
Agenda: Austin Housing Finance Corporation (AHFC), 125 KB
Closed Caption Transcript
Transcript: Austin Housing Finance Corporation (AHFC), 136 KB
Video
Play video - December 12, 2024
Agenda Items - December 12, 2024
Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.
| AHFC001 | AHFC002 | AHFC003 | AHFC004 | AHFC005 | AHFC006 | AHFC007 | AHFC008 | AHFC009 | AHFC010 |
| AHFC011 | AHFC012 | AHFC013 |
Item AHFC001 - December 12, 2024
Approve the minutes of the Austin Housing Finance Corporation Board of Directors meetings for September 26, 2024, October 10, 2024, and October 24, 2024.
Work Papers and Other Backup Documentation
20241212-AHFC001, Agenda Backup: October 10 Minutes, PDF, 873 KB, posted 11/27/2024
20241212-AHFC001, Agenda Backup: Octrober 24 Minutes, PDF, 796 KB, posted 11/27/2024
20241212-AHFC001, Agenda Backup: Recommendation for Action, PDF, 90 KB, posted 11/27/2024
20241212-AHFC001, Agenda Backup: September 26 Minutes, PDF, 932 KB, posted 11/27/2024
Item AHFC002 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with Bailey at Stassney, LP, or an affiliated entity in an amount not to exceed $5,600,000, for a multifamily rental development to be known as Bailey at Stassney, located at or near 400 and 404 West Stassney Lane, Austin, Texas 78745. Funding is available in the Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC002, Agenda Backup: Backup, PDF, 68 KB, posted 11/27/2024
20241212-AHFC002, Agenda Backup: Recommendation for Action, PDF, 110 KB, posted 11/27/2024
Item AHFC003 - December 12, 2024
Approve a resolution authorizing the execution of an Affordable Housing Program Agreement, Affordable Housing Program documents, and related documents to obtain a $2,000,0000 loan or grant from the Federal Home Loan Bank of Dallas for the development known as The Roz located at or near 3435 Parker Lane, Austin, Texas 78741. This item has no fiscal impact.
Executed Resolution
Resolution No. 20241212-AHFC003, PDF, 731 KB, posted 12/16/2024
Work Papers and Other Backup Documentation
20241212-AHFC003, Agenda Backup: Draft Resolution, PDF, 15 KB, posted 11/27/2024
20241212-AHFC003, Agenda Backup: Recommendation for Action, PDF, 144 KB, posted 11/27/2024
Item AHFC004 - December 12, 2024
Authorize negotiation and execution of a new or amended loan agreement and related documents with Cairn Point Montopolis, LP, or an affiliated entity, in the amount of $2,000,000, for a total loan amount not to exceed $8,000,000, for a multifamily rental development to be known as Cairn Point Montopolis, located at or near 1013 Montopolis Drive, Austin, Texas 78741. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC004, Agenda Backup: Backup, PDF, 816 KB, posted 11/27/2024
20241212-AHFC004, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 11/27/2024
Item AHFC005 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with TX Clayton 2024, Ltd, or an affiliated entity in an amount not to exceed $7,950,000, for a multifamily rental development to be known as Cameron HiLine, located at or near 1124 Clayton Lane, Austin, Texas 78723. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC005, Agenda Backup: Backup, PDF, 778 KB, posted 11/27/2024
20241212-AHFC005, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 11/27/2024
Item AHFC006 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $3,083,400, for an ownership development to be known as Johnny Limon Village, located at or near 800 Gardner Road, Austin, Texas 78721. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC006, Agenda Backup: Backup, PDF, 744 KB, posted 11/27/2024
20241212-AHFC006, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 11/27/2024
Item AHFC007 - December 12, 2024
Authorize negotiation and execution of all documents and instruments necessary or desirable to grant in fee simple Lot 2, Block A, 900 Gardner, a subdivision in the City of Austin, Travis County, Texas, according to the plat thereof recorded in Document No. 202200314 of the Official Public Records, Travis County, Texas, located at or near 800 Gardner Road, Austin, Texas 78721, to Guadalupe Neighborhood Development Corporation for the development of approximately 27 affordable ownership units. This item has no fiscal impact.
Work Papers and Other Backup Documentation
20241212-AHFC007, Agenda Backup: Recommendation for Action, PDF, 97 KB, posted 11/27/2024
Item AHFC008 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with Industry ATX, LLC, or an affiliated entity, in an amount not to exceed $7,752,000, for an ownership development to be known as Drowsy Willow, located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744. Funding: Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC008, Agenda Backup: Backup, PDF, 766 KB, posted 11/27/2024
20241212-AHFC008, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 11/27/2024
Item AHFC009 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with 8301 Riverstone, L.P., or an affiliated entity, in an amount not to exceed $720,000 for an ownership development to be known as 8301 Riverstone, located at or near 8301 Riverstone Drive, Austin, Texas 78724. Funding is available in the Fiscal Year 2024-2025 Grant Operating Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC009, Agenda Backup: Backup, PDF, 763 KB, posted 11/27/2024
20241212-AHFC009, Agenda Backup: Recommendation for Action, PDF, 127 KB, posted 11/27/2024
Item AHFC010 - December 12, 2024
Authorize negotiation and execution of a new or amended loan agreement and related documents with Capital A at Menchaca LLC, or an affiliated entity, in the amount of $525,000 for a total loan amount not to exceed $1,908,480, for an ownership development to be known as 7331 Menchaca Townhomes, located at or near 7331 Menchaca Road, Austin, Texas 78745. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC010, Agenda Backup: Backup, PDF, 767 KB, posted 11/27/2024
20241212-AHFC010, Agenda Backup: Recommendation for Action, PDF, 128 KB, posted 11/27/2024
Item AHFC011 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with Austin Habitat for Humanity, Inc., or an affiliated entity, in an amount not to exceed $1,200,000, for an ownership development to be known as Prospect Heights, located at or near 1142 Poquito Street, Austin, Texas 78702. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC011, Agenda Backup: Backup, PDF, 765 KB, posted 11/27/2024
20241212-AHFC011, Agenda Backup: Recommendation for Action, PDF, 127 KB, posted 11/27/2024
Item AHFC012 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with Texas State Affordable Housing Corporation, or an affiliated entity, in an amount not to exceed $2,000,000 for an ownership development to be known as Moontower Flats, located at or near 1910 East Martin Luther King Junior Boulevard, Austin, Texas 78702. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC012, Agenda Backup: Backup, PDF, 767 KB, posted 11/27/2024
20241212-AHFC012, Agenda Backup: Recommendation for Action, PDF, 127 KB, posted 11/27/2024
Item AHFC013 - December 12, 2024
Authorize negotiation and execution of a loan agreement and related documents with Aspire at Big Austin, LP, or an affiliated entity in an amount not to exceed $8,755,000, for a multifamily rental development to be known as Aspire at Big Austin, located at or near 1000 East Braker Lane, 78753. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20241212-AHFC013, Agenda Backup: Backup, PDF, 779 KB, posted 11/27/2024
20241212-AHFC013, Agenda Backup: Recommendation for Action, PDF, 111 KB, posted 11/27/2024
Page updated: 4/10/2025, 12:06pm
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