Posting Language
Title
Authorize the partial release of approximately 0.886 acres of land in Lot 1, Block B, College Park Section Four, according to the plat recorded in Document No. 1999154788 of the Plat Records of Travis County, Texas, from the Lease Agreement, Sublease Agreement, and Second Lien Deed of Trust for the benefit of the City, and from any other documents or instruments necessary to facilitate the construction of a 60-unit, low-income, supportive housing development to be known as The Sasha at or near 1325 Grove Boulevard, Austin, Travis County, Texas 78741. This item has no fiscal impact.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
November 5, 1998 - Council approved execution of a 99-year Lease Agreement and Sublease Agreement for a 100-bed emergency shelter. Funding was included in the 1998-1999 amended capital budget for the Health and Human Services Department.
November 5, 1998 - Council amended Ordinance No. 980915-B, the 1998-1999 Capital Budget, for the Health and Human Services Department to create a transfer in from the General Fund and appropriate $2,993,000 to a new "Emergency Shelter."
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091.
Council Committee, Boards and Commission Action:
October 10, 2024 - The Austin Housing Finance Corporation (AHFC) Board of Directors authorized negotiation and execution of a loan agreement and related documents with The Sasha, LP, or an affiliated entity, in an amount not to exceed $8,495,000 for construction of a multifamily rental development to be known as The Sasha, located at or near 1325 Grove Boulevard, Austin, Texas 78741.
August 31, 2023 - The AHFC Board of Directors authorized negotiation and execution of a loan agreement and related documents with Grove Supportive Housing Partnership, LP, or an affiliated entity, in an amount not to exceed $6,795,000 for a multifamily rental development k...
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