Posting Language
Title
Conduct a public hearing and consider a resolution related to an application by Escuela Nueva LLC, or an affiliated entity, for housing tax credits for a multi-family development to be financed through the private activity bond program to be known as Escuela Nueva located within the city of Austin at or near 2013 Montopolis Drive, Austin, Texas 78741.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
April 4, 2024 - Council set a public hearing for April 18, 2024, related to an application by Escuela Nueva LLC, or an affiliated entity, for housing tax credits for a multi-family development to be financed through the private activity bond program to be known as Escuela Nueva, located at or near 2013 Montopolis Drive, Austin, Texas 78741.
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091; Angela Means, Interim Deputy Director, Housing Department, 512-974-1534.
Council Committee, Boards and Commission Action:
April 4, 2024 - The Austin Housing Public Facility Corporation (AHPFC) set a public hearing related to the issuance by AHPFC of up to $35,000,000 of multi-family housing revenue bonds to Escuela Nueva LLC or an affiliated entity, for to finance the construction of a multi-family housing development to be known as Escuela Nueva, located at or near 2013 Montopolis Drive, Austin, Texas 78741.
February 29, 2024 - Austin Housing Finance Corporation (AHFC) authorized 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 or near 2013 Montopolis Drive, Austin, Texas 78741.
September 21, 2023 - AHPFC approved an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to $35,000,000 in private activi...
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