Posting Language
Title
Approve a resolution amending the Austin Housing Finance Corporation Capital Budget for Fiscal Year 2024-2025 to increase it in the amount of $30,000,000 for a total budget amount not to exceed $110,066,944. Funding: The source of funding is the City of Austin’s General Obligation Bond Fund.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
A fiscal note is attached.
For More Information:
Mandy DeMayo, Treasurer, Austin Housing Finance Corporation, 512-974-1091; Alex Zamora, Chief Administrative Officer, Housing Department, 512-974-3151.
Council Committee, Boards and Commission Action:
August 14, 2024 - The Austin Housing Finance Corporation (AHFC) Board of Directors approved Resolution No. 20240814-AHFC001 adopting the AHFC Capital Budget for Fiscal Year 2024-2025 in the amount of $80,066,944.
Additional Backup Information:
If approved, this resolution increases the AHFC Capital Budget for Fiscal Year 2024-2025 in the amount of $30,000,000. (See attached Fiscal Note for details.)
The $30,000,000 added to the AHFC Capital Budget will be made available for rental housing development assistance.