2701 1/2 Philomena Street

Authorizes negotiation and execution of a loan agreement of up to $7,920,000 with Foundation Communities, Inc. for Jordan II, a multifamily rental development at 2701 1/2 Philomena Street. Funding comes from the Austin Housing Finance Corporation's FY 2026-27 Capital Budget using 2022 General Obligation Bonds.

…r a multifamily rental development to be known as Jordan II, located at or near 2701 1/2 Philomena Street, Austin, Texas 78723. Funding: $7,920,000 is available in the Fiscal Year 2026…

Resolution supporting FC Jordan II Housing, LP's application for competitive 9% Low Income Housing Tax Credits to construct the Jordan II housing development near 2701 1/2 Philomena Street.

…n of a development to be known as Jordan II, located within the City at or near 2701 1/2 Philomena Street, Austin, Texas 78723. Funding: This item has no fiscal impact. Trin.Grozier@au…