Posting Language
Title
Authorize negotiation and execution of a loan agreement and related documents to National Church Residences, or an affiliated entity, in an amount not to exceed $3,500,000 as permanent debt for Sunday Village (formerly known as Arbors at Creekside), located at or near 1026 Clayton Lane, Austin, Texas 78723. Funding: Funding in the amount of $3,500,000 is available in the Fiscal Year 2025-26 Capital Budget of the Austin Housing Finance Corporation.
De
Lead Department
Austin Housing Finance Corporation
Fiscal Note
Funding in the amount of $3,500,000 is available in the Fiscal Year 2025-26 Capital Budget of the Austin Housing Finance Corporation.
Prior Council Action:
May 5, 2022: Council set a public hearing related to an application by Creekside Senior Housing Limited Partnership, or an affiliated entity, for housing tax credits for a multifamily development that will be financed through the private activity bond program to be known as Arbors at Creekside, located at or near 1026 Clayton Lane, Austin, Texas 78723, within the City (Development).
May 19, 2022: Council conducted a public hearing and approved a resolution related to an application by Creekside Senior Housing Limited Partnership, or an affiliated entity, for housing tax credits for a multi-family development that will be partially financed through the private activity bond program to be known as Arbors at Creekside, located at or near 1026 Clayton Lane, Austin, Texas 78723.
For More Information:
Deletta Dean, Treasurer, Austin Housing Finance Corporation; Mandy DeMayo, Deputy Director of Austin Housing, 512-974-1091
Council Committee, Boards and Commission Action:
May 24, 2001: Austin Housing Finance Corporation (AHFC) approved a resolution authorizing the creation of the Arbors at Creekside Non-Profit Corporation to participate in the development of the Arbors at Creekside, a 176-unit affordable senior citizen apartment complex located at 1022 Clayton Lane.
May 24, 2001...
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