Posting Language
Title
Conduct a public hearing and consider a resolution related to an application by Manifold Sunset Ridge LIHTC, LLC, or an affiliated entity, for housing tax credits for a multi-family development to be financed through the private activity bond program, to be known as Sunset Ridge, located within the City at or near 8413 Southwest Parkway, Austin, Texas 78735.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
April 18, 2024 - Council set a public hearing for May 2, 2024, regarding an application by Manifold Sunset Ridge LIHTC, LLC, or an affiliated entity, for housing tax credits for a multi-family development to be financed through the private activity bond program to be known as Sunset Ridge, located within the city at or near 8413 Southwest Parkway, Austin, Texas 78735.
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091; Angela Means, Interim Deputy Director, Housing Department, 512-974-1534.
Council Committee, Boards and Commission Action:
February 29, 2024 - Austin Housing Finance Corporation (AHFC) authorized negotiation and execution of a loan agreement and related documents with Manifold Sunset Ridge LIHTC, LLC, or an affiliated entity, in an amount not to exceed $8,885,000, for the development of rental housing to be known as Sunset Ridge Apartments, located at or near 8413 Southwest Parkway, Austin, Texas 78735.
Additional Backup Information:
This action conducts a public hearing on an application that will be, or has been, submitted to the Texas Department of Housing and Community Affairs. The applicant, Manifold Sunset Ridge LIHTC, LLC, or an affiliated entity, seeks funding for the development through 4% Low Income Housing Tax Credits (LIHTCs) and private activity bonds. After the public hearing, Council will consider a resolution for the proposed development. The proposed development is located within the city in Council District 8....
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