Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
July 24, 2025: Agenda

Meeting Agenda

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

Agenda Items - July 24, 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 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; appointing its board of directors and president; authorizing a ground lease; and authorizing AHFC Sunset Ridge Nonprofit Corporation to serve as the general contractor, or co-venturer of the general contractor for the development and to act as general partner, or managing member, of the entity that will own an approximately 364 to 444-unit multifamily rental development constructed in two phases located at 8413 Southwest Parkway, Austin, Texas 78735. Funding: This item has no fiscal impact.

Work Papers and Other Backup Documentation

  20250724-AHFC001, Agenda Backup: Draft Resolution,  PDF,  42 B, posted 7/11/2025

  20250724-AHFC001, Agenda Backup: Exhibit A,  PDF,  209 B, posted 7/11/2025

  20250724-AHFC001, Agenda Backup: Exhibit B,  PDF,  82 B, posted 7/11/2025

  20250724-AHFC001, Agenda Backup: Recommendation for Action,  PDF,  114 B, posted 7/11/2025

  20250724-AHFC001, Agenda Backup: Report,  PDF,  2 KB, posted 7/11/2025

Item AHFC002

Authorize AHFC 501(c)(3) Nonprofit Corporation to form AHFC General Contractor 501(c)(3) Nonprofit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation, to serve as the general contractor for the construction and development of affordable housing developments within the City of Austin on behalf of Austin Housing Finance Corporation and any of its affiliates. This item has no fiscal impact.

Work Papers and Other Backup Documentation

  20250724-AHFC002, Agenda Backup: Recommendation for Action,  PDF,  109 B, posted 7/11/2025

Item AHFC003

Approve a resolution approving Austin Housing Finance Corporation’s ownership in the land and phase one of a to-be constructed two-phase multifamily residential development, Sunset Ridge Apartments, located at or near 8413 Southwest Parkway, Austin, Texas 78735 for the purpose of the exemption of ad valorem and sales and use taxes under Section 394.905 of the Texas Local Government Code. Funding: This item has no fiscal impact.

Work Papers and Other Backup Documentation

  20250724-AHFC003, Agenda Backup: Draft Resolution,  PDF,  42 B, posted 7/11/2025

  20250724-AHFC003, Agenda Backup: Recommendation for Action,  PDF,  96 B, posted 7/11/2025

Item AHFC004

Approve a resolution adopting a policy of appointing the directors and officers of the nonprofit corporations formed by the Austin Housing Finance Corporation by City job title instead of by employee name, with such appointments occurring after initial formation and being for two consecutive three-year terms; and removing the current directors and the president of each nonprofit corporation formed by the Austin Housing Finance Corporation through December 31, 2024, and replacing them according to the adopted policy. This Item has no fiscal impact.

Work Papers and Other Backup Documentation

  20250724-AHFC004, Agenda Backup: Draft Resolution,  PDF,  42 B, posted 7/11/2025

  20250724-AHFC004, Agenda Backup: Recommendation for Action,  PDF,  126 B, posted 7/11/2025

Adjourn

Page updated: 7/11/2025, 5:21pm
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