Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
January 30, 2025: Agenda

Meeting Agenda

  Agenda: Austin Housing Finance Corporation (AHFC),  124 B

Agenda Items - January 30, 2025

Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.

AGENDA

The Board may go into a closed session as permitted by the Texas Open Meetings Act, (Chapter 551 of the Texas Government Code) regarding any item on this agenda.

Consent

Item AHFC001

Authorize negotiation and execution of a loan agreement and related documents with Industry ATX, LLC, or an affiliated entity, in an amount not to exceed $7,752,000, for an ownership development to be known as Drowsy Willow, located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744. Funding: Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

  20250130-AHFC001, Agenda Backup: Backup,  PDF,  819 B, posted 1/17/2025

  20250130-AHFC001, Agenda Backup: Recommendation for Action,  PDF,  128 B, posted 1/17/2025

Item AHFC002

Approve a resolution authorizing an amendment to the Certificate of Formation of AHFC Drowsy Willow Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the form of its certificate of amendment and amended and restated Bylaws; authorizing a ground lease; and authorizing AHFC Drowsy Willow Non-Profit Corporation to act as managing member of a limited liability company, or the general partner of a limited partnership that will construct, finance, manage, and sell approximately 38 affordable, ownership units as part of a Community Land Trust located at or near 5901 Drowsy Willow Trail, Austin, Texas 78744. Funding: This item has no fiscal impact.

Work Papers and Other Backup Documentation

  20250130-AHFC002, Agenda Backup: Draft Resolution,  PDF,  48 B, posted 1/17/2025

  20250130-AHFC002, Agenda Backup: Exhibit A,  PDF,  769 B, posted 1/17/2025

  20250130-AHFC002, Agenda Backup: Exhibit B,  PDF,  714 B, posted 1/17/2025

  20250130-AHFC002, Agenda Backup: Recommendation for Action,  PDF,  115 B, posted 1/17/2025

Item AHFC003

Authorize negotiation and execution of a new or amended loan agreement and related documents with Austin Area Urban League, or an affiliated entity, in the amount of $4,001,385, for a total loan amount not to exceed $8,001,385, for the development of a multifamily rental development to be known as UEZ I located at or near 6314 FM 969 Road, Austin, Texas 78724. Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

  20250130-AHFC003, Agenda Backup: Backup,  PDF,  102 B, posted 1/17/2025

  20250130-AHFC003, Agenda Backup: Recommendation for Action,  PDF,  129 B, posted 1/17/2025

Item AHFC004

Authorize negotiation and execution of a loan agreement and related documents with Greystar Development Central, LLC, or an affiliated entity, in an amount not to exceed $4,000,000, for the development of a multifamily rental development to be known as St John Redevelopment located at or near 7211 and 7309 North Interstate Highway 35, Austin, Texas 78752. Funding: Funding is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

  20250130-AHFC004, Agenda Backup: Backup,  PDF,  854 B, posted 1/17/2025

  20250130-AHFC004, Agenda Backup: Recommendation for Action,  PDF,  112 B, posted 1/17/2025

Adjourn

Page updated: 1/17/2025, 4:28pm
Office of the City Clerk