Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
May 8, 2025
Hybrid Speaker Registration and Rules
20250508, Austin House Finance Corporation (AHFC) Meeting - Hybrid Speaker Registration and Rules
Meeting Agenda
Agenda: Austin Housing Finance Corporation (AHFC), 148 KB
Closed Caption Transcript
Transcript: Austin Housing Finance Corporation (AHFC), 131 KB
Video
Agenda Items - May 8, 2025
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 |
Item AHFC001 - May 8, 2025
Approve the minutes of the Austin Housing Finance Corporation Board of Directors meeting for March 6, 2025. Funding: This item has no fiscal impact.
Work Papers and Other Backup Documentation
20250508-AHFC001, Agenda Backup: AHFC Minutes, PDF, 100 KB, posted 4/25/2025
20250508-AHFC001, Agenda Backup: Recommendation for Action, PDF, 90 KB, posted 4/25/2025
Item AHFC002 - May 8, 2025
Authorize negotiation and execution of a loan agreement and related documents with FC Bloom Housing, LP, or an affiliated entity, in an amount not to exceed $5,500,000 for a multifamily rental development to be known as The Bloom at Lamar Square, located at or near 1326 and 1328 Lamar Square Drive, Austin, Texas 78704. Funding: Funding is available in the Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20250508-AHFC002, Agenda Backup: Backup Document, PDF, 789 KB, posted 4/25/2025
20250508-AHFC002, Agenda Backup: Recommendation for Action, PDF, 110 KB, posted 4/25/2025
Item AHFC003 - May 8, 2025
Authorize negotiation and execution of a loan agreement and related documents with Mary Lee Foundation, or an affiliated entity, in an amount not to exceed $4,500,000 for a multifamily rental development to be known as Lamar Square Phase I - MLF, located at or near 1326 and 1328 Lamar Square Drive, Austin, Texas 78704. Funding: Funding is available in the Capital Budget of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20250508-AHFC003, Agenda Backup: Backup Document, PDF, 787 KB, posted 4/25/2025
20250508-AHFC003, Agenda Backup: Recommendation for Action, PDF, 111 KB, posted 4/25/2025
Item AHFC004 - May 8, 2025
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire in fee simple approximately 0.16 acres (7,000 square feet) of land located at 2801 Castro Street, Austin, Texas, 78702, being Lot 24, Block 5 of Chernosky Subdivision No. 12, a subdivision of record in Volume 4, Page 235 of the Plat Records of Travis County, Texas, from the City of Austin, for the purpose of granting the land to a local nonprofit organization for the development of a minimum of two units of affordable housing for low-income households. Funding: This item has no fiscal impact. This item is related to Item #5.
Work Papers and Other Backup Documentation
20250508-AHFC004, Agenda Backup: Recommendation for Action, PDF, 101 KB, posted 4/25/2025
Item AHFC005 - May 8, 2025
Authorize negotiation and execution of all documents and instruments necessary or desirable to grant in fee simple approximately 0.16 acres (7,000 square feet) of land located at 2801 Castro Street, Austin, Texas, 78702, being Lot 24, Block 5 of Chernosky Subdivision No. 12, a subdivision of record in Volume 4, Page 235 of the Plat Records of Travis County, Texas, to the Guadalupe Neighborhood Development Corporation for the purpose of developing a minimum of two units of affordable housing for low-income households. Funding: This item has no fiscal impact. This item is related to Item #4.
Work Papers and Other Backup Documentation
20250508-AHFC005, Agenda Backup: Recommendation for Action, PDF, 100 KB, posted 4/25/2025
Item AHFC006 - May 8, 2025
Authorize negotiation and execution of a one-year contract with the Housing Authority of the City of Austin to fund and administer the Tenant Based Rental Assistance Program, which provides housing opportunities through subsidies to families and individuals experiencing homelessness, in an amount not to exceed $1,280,112, with four one-year extension options, each in an amount not to exceed $1,280,112, for a total contract amount not to exceed $6,400,560. Funding: It is anticipated that funding in the amount of $1,280,112 will be available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation through federal HOME Investment Partnership Program funds. Funding for each extension option is contingent upon available funding in future budgets.
Work Papers and Other Backup Documentation
20250508-AHFC006, Agenda Backup: Recommendation for Action, PDF, 97 KB, posted 4/25/2025
Page updated: 5/15/2025, 4:48pm
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