Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable for AHFC Central Housing Non-Profit Corporation to make a capital contribution to Central Housing, LP, or an affiliated entity, in an amount not to exceed $2,500,000, for repaying a portion of the seller financing at the Preserve at Central Park, located at or near 6008 and 6010 North Lamar Blvd., Austin, Texas 78752. Funding: Funding in the amount of $2,500,000 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation using Project Connect Funds.
De
Lead Department
Austin Housing Finance Corporation
Fiscal Note
Funding: Funding in the amount of $2,500,000 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation using Project Connect 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:
December 8, 2022 -Austin Housing Finance Corporation (AHFC) authorized negotiation and execution of all documents and instruments necessary or desirable for AHFC, or its affiliates, to acquire solely, or in joint partnership, fee simple interest in multifamily apartments located at or near 1100 E. 32nd Street, Austin, Texas, 78722; 4000 Avenue A, Austin, Texas, 78751; 4415 Avenue B, Austin, Texas, 78751; 1037 E. 44th Street, Austin, Texas, 78751; 4100 Avenue A, Austin, Texas, 78751; 609 E. 45th Street, Austin, Texas, 78751; 4209 Speedway, Austin, Texas, 78751; 6000, 6008, and 6010 North Lamar Blvd., Austin, Texas, 78752; and 4200 and 4208 Avenue A, Austin, Texas, 78751 for affordable housing purposes, in an amount not to exceed $19,000,000, plus closing costs not to exceed $400,000. District(s) Affected: District 7, District 9.
December 8, 2022 - AHFC approved a resolution authorizing the formation of AHFC Central Fie...
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