Posting Language
Title
Authorize negotiation and execution of all necessary agreements and instruments with DMA Development Company, LLC, or other qualified applicant, to develop affordable housing on approximately 5.5 acres of land located at or near 6909 Ryan Drive, Austin, Texas, 78757.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
April 7, 2022 - City of Austin City Council (Council) authorized negotiation and execution of a legal services agreement with Steptoe & Johnson for legal services related to negotiation of a master development agreement and associated real estate documents for the property located at 6909 Ryan Drive, Austin, Texas 78757in an amount not to exceed $150,000.
August 26, 2021 - Council authorized negotiation and execution of an exclusive negotiation agreement with 3423 Holdings, LLC for terms governing a master developer contract for the redevelopment of 6909 Ryan Drive, known as the Ryan Drive Site.
November 6, 2018 - city voters approved the issuance of $250 million in General Obligation Bonds to fund activities that increase the supply of affordable housing, $100 million of which was prioritized for the acquisition of real property.
November 1, 2018 - Council approved a resolution directing the City Manager to issue a Request for Proposals (RFP) for the redevelopment of a City-owned property located at 6909 Ryan Drive, Austin, Texas 78757.
For More Information:
Mandy DeMayo, Treasurer, Austin Housing Finance Corporation, 512-974-1091; and Angela Means, Interim Deputy Director, Housing Department, 512-974-1534.
Council Committee, Boards and Commission Action:
July 20, 2023 - Austin Housing Finance Corporation (AHFC) authorized the negotiation and execution of all documents and instruments necessary or desirable for AHFC to acquire the approximately 5.5 acre tract of land at or near 6909 Ryan Drive, Austin, Texas 78757 from the City of Austin, Texas (...
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