Posting Language
Title
Approve a resolution consenting to the issuance of multifamily private activity bonds by Austin Affordable PFC, Inc., an affiliate of the Housing Authority of the City of Austin, in an amount not to exceed $5,000,000 to finance, in part, the new construction of an affordable rental development to be known as Bridge at Canyon View, located at or near 4506 East William Cannon Drive, Austin, Texas 78744. Funding: This item has no fiscal impact.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
February 9, 2023 - Council approved Resolution No. 20230209-018 consenting to the issuance of multifamily private activity bonds, in an amount not to exceed $5,000,000, by Austin Affordable PFC, Inc., an affiliate of the Housing Authority of the City of Austin (HACA), to finance, in part, new construction of an affordable rental development to be known as Bridge at Canyon View, located at or near 4506 East William Cannon Drive, Austin, Texas 78744.
June 20, 2019 - Council conducted a public hearing related to an application by Bridges at Canyon View, LP, or an affiliated entity, for housing tax credits for a multifamily development to be financed through the private activity bond program and to be known as Bridge at Canyon View, located near 4506 East William Cannon Drive, Austin, Texas 78744, and approved Resolution No. 20190620-115 acknowledging certain facts related to the allocation of housing tax credits and private activity bonds within the City and near the proposed development.
June 19, 2019 - Council approved Resolution No. 20190619-031 consenting to the issuance of up to $25,000,000 in multifamily private activity bonds by Austin Affordable PFC, Inc., an affiliate of HACA, to finance, in part, the new construction of an affordable rental development, to be known as Bridge at Canyon View, located at or near 4506 East William Cannon Drive, Austin, Texas 78744.
January 28, 2016 - Cou...
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