Posting Language
Title
Approve a resolution adopting the Austin Housing Finance Corporation Capital Budget for Fiscal Year 2025-2026 in the amount of $80,423,356; authorizing the development of program guidelines; and establishing administrative approval limits for the General Manager. Funding is available in the City of Austin’s Fiscal Year 2025-2026 Capital Budget.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
Funding is available in the City of Austin’s Fiscal Year 2025-2026 Capital Budget.
For More Information:
Mandy DeMayo, Treasurer, Austin Housing Finance Corporation, 512-974-1091; or
Alex Zamora, Chief Administrative Officer - Financial Services, Housing Department, 512-974-3151.
Additional Backup Information:
If approved, this resolution adopts the Austin Housing Finance Corporation (AHFC) Capital Budget for Fiscal Year 2025-2026 that begins on October 1, 2025, and ends on September 30, 2026. (See Exhibit A to the resolution for details.)
The proposed Capital Budget includes $80,423,356 from the City of Austin’s General Obligation Bond Fund and the Housing Trust Fund which will be used to further AHFC’s Housing Development Assistance ($75,423,356) and Homeownership Stabilization ($5,000,000) programs.