Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
June 5, 2025: Agenda

Hybrid Speaker Registration and Rules

20250605, Austin House Finance Corporation (AHFC) Meeting - Hybrid Speaker Registration and Rules

Meeting Agenda

Agenda: Austin Housing Finance Corporation (AHFC), 124 KB

Agenda Items - June 5, 2025

Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.

AGENDA

The Board may go into a closed session as permitted by the Texas Open Meetings Act, (Chapter 551 of the Texas Government Code) regarding any item on this agenda.

Consent

Item AHFC001

Approve the minutes of the Austin Housing Finance Corporation Board of Directors meeting for April 10, 2025. Funding: This item has no fiscal impact.

Work Papers and Other Backup Documentation

20250605-AHFC001, Agenda Backup: April 10 Draft Minutes, PDF, 227 KB, posted 5/23/2025

20250605-AHFC001, Agenda Backup: Recommendation for Action, PDF, 105 KB, posted 5/23/2025

Item AHFC002

Approve payment of $467,405.41 to Milestone Community Builders for construction within the Grove Planned Unit Development of 32 affordable rental units for households whose incomes are at or below 60 percent of the median family income and of 4 affordable rental units for households whose incomes are at or below 80 percent of the median family income. Funding: Funding in the amount of $467,405.41 is available in the Fiscal Year 2024-2025 Operating Budget of the Housing Department through the Housing Trust Fund.

Work Papers and Other Backup Documentation

20250605-AHFC002, Agenda Backup: Recommendation for Action, PDF, 113 KB, posted 5/23/2025

Item AHFC003

Authorize a contract for construction services for the Doris-Hathaway Affordable Residential Development located at 8404 Hathaway Drive, Austin, Texas, 78757, with Constructinople, LLC, in the amount of $747,554, plus a $74,755.40 contingency, for a total contract amount not to exceed 822,309.40. Funding: $822,309.40 is available in the Fiscal Year 2024-2025 Operating Budget of the Austin Housing Finance Corporation through Housing Assistance Funds (HAF).

Work Papers and Other Backup Documentation

20250605-AHFC003, Agenda Backup: Recommendation for Action, PDF, 133 KB, posted 5/23/2025

Item AHFC004

Approve a resolution authorizing the formation of AHFC Sunset Ridge Nonprofit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the form of its certificate of formation and bylaws; authorizing a ground lease; appointing its board of directors and president; and authorizing AHFC Sunset Ridge Nonprofit Corporation to act as general partner, or managing member, of the entity that will own an approximately 364 to 444-unit multifamily rental development located at 8413 Southwest Parkway, Austin, Texas 78735. This item has no fiscal impact.