Posting Language
Title
Approve a resolution consenting to the issuance of multi-family private activity bonds by Austin Affordable PFC, Inc., an affiliate of the Housing Authority of the City of Austin, in an amount not to exceed $40,000,000 to finance, in part, the new construction of an affordable rental development to be known as Cameron HiLine, located at or near 1124 Clayton Lane, Austin, Texas, 78723. Funding: Approving the issuance of these bonds does not constitute any obligation of the City with respect to repayment of the bonds.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
February 29, 2024 - Council approved a resolution related to the allocation of housing tax credits and private activity bonds and the application by TX Clayton 2024 Ltd., or an affiliated entity, for a proposed development to be financed through the private activity bond program and to be known as Cameron HiLine, located at or near 1120 and 1124 Clayton Lane, Austin, Texas 78723.
February 15, 2024 - Council set a public hearing for February 29, 2024, regarding an application by TX Clayton 2024 Ltd., or an affiliated entity, for housing tax credits for an approximately 227-unit multi-family development to be financed through the private activity bond program and to be known as Cameron HiLine, located at or near 1120 and 1124 Clayton Lane, Austin, Texas 78723.
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091.
Council Committee, Boards and Commission Action:
December 12, 2024 - Austin Housing Finance Corporation authorized 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.
Additional Backup Information:
If approved, the resolution will allow Austin Affor...
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