Posting Language
Title
Set a public hearing related to the issuance by the Austin Housing Public Facility Corporation of up to $35,000,000 of multi-family housing revenue bonds to Escuela Nueva, LLC, or an affiliated entity, to finance the construction of a multi-family housing development to be known as Escuela Nueva and to be located within the city of Austin at or near 2013 Montopolis Drive, Austin, Texas 78741. (Suggested date and location: Thursday, April 18, 2024, Austin City Hall, 301 W. 2nd Street, Austin, Texas 78701.)
De
Lead Department
Austin Housing Public Facility Corporation.
Fiscal Note
This item has no fiscal impact.
For More Information:
Mandy DeMayo, Treasurer, Austin Housing Public Facility Corporation, 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 Escuela Nueva, LLC, or an affiliated entity, in an amount not to exceed $9,690,000, for the development of rental housing to be known as Escuela Nueva and to be located at or near 2013 Montopolis Drive, Austin, Texas 78741.
September 21, 2023 - Austin Housing Public Facility Corporation (AHPFC) approved an inducement resolution related to an application for private activity bond financing that authorized an allocation of up to $35,000,000 in private activity volume cap multi-family non-recourse bonds to Escuela Nueva, LLC, or an affiliated entity, for a proposed affordable multi-family development to be known as Escuela Nueva and to be located at or near 2013 Montopolis Drive, Austin, Texas 78741.
March 23, 2023 - AHPFC approved an inducement resolution related to an application for private activity bond financing that authorized an allocation of up to $30,000,000 in private activity volume cap multi-family non-recourse bonds to Escuela Nueva, LLC, or an aff...
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