Posting Language
Title
Approve a resolution authorizing an amendment to the Certificate of Formation of AHFC Drowsy Willow Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the form of its certificate of amendment and amended and restated Bylaws; authorizing a ground lease; and authorizing AHFC Drowsy Willow Non-Profit Corporation to act as managing member of a limited liability company, or the general partner of a limited partnership that will construct, finance, manage, and sell approximately 38 affordable, ownership units as part of a Community Land Trust located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744. Funding: This item has no fiscal impact.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
This item has no fiscal impact.
For More Information:
Mandy DeMayo, Treasurer Austin Housing Finance Corporation, 512-974-1091
Council Committee, Boards and Commission Action:
July 18, 2024: Austin Housing Finance Corporation (AHFC) approved the formation of AHFC Drowsy Willow Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approved its certificate of formation and bylaws; appointed its board of directors and president; authorized a ground lease; and authorized AHFC Drowsy Willow Non-Profit Corporation to construct, finance, manage, and sell approximately 42 affordable, ownership units as part of a new Community Land Trust located development located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744.
November 30, 2023: AHFC authorized negotiation and execution of all necessary agreements and instruments with Industry ATX, or other qualified applicant, to develop affordable housing on approximately 2.7 acres located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744. District(s) Affected: District 2.
August 26, 2021: AHFC authorized the negotiation and execution of all d...
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