Posting Language
Title
Authorize negotiation and execution of a new or amended loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount of $831,749, for a total amount not to exceed $3,823,051, for the development of ownership housing to be known as GSNZ 7 Acres West located at or near 2721 Goodwin Avenue, Austin, Texas 78702.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
Funding is available in the Fiscal Year 2023-2024 Capital Budget of the Austin Housing Finance Corporation.
For More Information:
Rosie Truelove, Treasurer, Austin Housing Finance Corporation, 512-974-3064; Mandy DeMayo, Deputy Director, Housing Department, 512-974-1091.
Council Committee, Boards and Commission Action:
Austin Housing Finance Corporation (AHFC) previously awarded approximately $416,854 for acquisition and other expenses for this portion of the Guadalupe Saldana Net Zero subdivision.
November 18, 2021 - AHFC approved the 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 $2,400,000 for the development of ownership housing to be known as GSNZ 7 Acres West located at or near 2721 Goodwin Avenue.
June 1, 2023 - AHFC approved the negotiation and execution of a new or amended loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount of $591,302, for a total amount not to exceed $2,991,302 for the development of ownership housing known as GSNZ 7 Acres West located at or near 2721 Goodwin Avenue.
Additional Backup Information:
If approved, AHFC is authorized to enter into a new or amended loan agreement and related documents with Guadalupe Neighborhood Development Corporation (GNDC) or an affiliated entity, for an ownership development located in District 3.
Current Funding Request: $831,749 from 20...
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