Posting Language
Title
Authorize negotiation and execution of a new or amended loan agreement and related documents with La Vista de Lopez LP, or an affiliated entity, in the amount of $1,016,055, for a total loan amount not to exceed $6,233,365, for a multifamily rental development to be known as La Vista de Lopez, located at or near 809 East 9th Street, Austin, Texas 78741. Funding: $1,016,055 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation using Homestead Preservation District Tax Increment Reinvestment Zone Funds.
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Lead Department
Austin Housing Finance Corporation
Fiscal Note
Funding: Funding in the amount of $1,016,055 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation using Homestead Preservation District Tax Increment Reinvestment Zone Funds.
For More Information:
Deletta Dean, Treasurer, Austin Housing Finance Corporation, 512-978-1410; or Mandy DeMayo, Deputy Director, Austin Housing, 512-974-1091.
Council Committee, Boards and Commission Action:
November 18, 2021 - Austin Housing Finance Corporation (AHFC) authorized negotiation and execution of a loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $2,133,000 for a rental housing development to be known as La Vista de Lopez, located at or near 809 E. 9th St, Austin, Texas 78702.
September 1, 2022 -AHFC authorized negotiation and execution of a loan agreement with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $3,084,310 for a rental development to be known as La Vista de Lopez, to be located at or near 809 East 9th Street, Austin, Texas 78702.
Additional Backup Information:
If approved, AHFC will be authorized to enter into a new or amended loan agreement and related documents with La Vista de Lopez LP, or an affiliated entity, for a multifamily rental...
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