Posting Language
Title
Approve a resolution which approves the issuance by the Austin Housing Public Facility Corporation of multi-family housing revenue bonds in an aggregate principal amount up to $20,000,000 to Cairn Point at Cameron, LP, or an affiliated entity, and approves the execution by the Austin Housing Public Facility Corporation of related documents, in substantially the form attached to the resolution, to provide financing for the development of Cairn Point at Cameron, located at or near 7205 Cameron Road, Austin, Texas 78752.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
February 23, 2023 - Council authorized negotiation and execution of a housing assistance payment contract and related documents with Cairn Point at Cameron, LP, or an affiliated entity, for 100 local housing vouchers that will pay fair market rent for a multi-family rental development to be known as Cairn Point at Cameron, located at or near 7205 Cameron Road, Austin, Texas 78752.
February 23, 2023 - Council conducted a public hearing and approved a resolution related to the allocation of housing tax credits and private activity bonds and the application by Cairn Point at Cameron, LP, or an affiliated entity, for a proposed development to be located at or near 7205 Cameron Road, Austin, Texas 78752, and financed through the private activity bond program.
February 9, 2023 - Council set a public hearing related to an application by Cairn Point at Cameron, LP, or an affiliated entity, for housing tax credits for a multi-family development to be financed through the private activity bond program and to be known as Cairn Point at Cameron, located at or near 7205 Cameron Road, Austin, Texas 78752.
For More Information:
Rosie Truelove, Director, Housing Department, 512-974-3064; Mandy DeMayo, Deputy Director, Housing Department, 512-974-1091.
Council Committee, Boards and Commission Action:
May 4, 2023 - The Austin Housing...
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