Municue
Austin, TX

Austin Housing Finance Corporation · 10:30 AM · Austin City Hall

The agenda featured 14 substantive housing items, including proposed financing for ownership and multifamily rental developments and a proposed Local Housing Voucher Program agreement amendment. The agenda’s largest proposed funding items were Verbena Flats, Ada Anderson Place, the Housing Authority of the City of Austin agreement, and South First Affordable Apartments.
15 itemsView on Legistar →
DocumentsAgenda

Analysis based on the published agenda — official vote outcomes not yet available.

Analysis

Financial Highlights

The agenda included 10 proposed financial actions totaling $35.3M in spend, concentrated in housing-development loans, a capital contribution for Preserve at Central Park, and a voucher-program agreement amendment.[#1][#2][#3][#4][#5][#6][#7][#9][#10][#11]

Insights by Role

Developer

HighHigh significance — major decision, large financial impact, or broad community effectDevelopers pursuing AHFC-supported housing should monitor the proposed loan structures across ownership and rental projects, including the Project Connect-funded items and the 2022 General Obligation Bond-funded developments. If the proposed agreements are executed, applicants should verify project-specific funding sources, total-loan caps, and entity requirements before relying on comparable financing structures.

Resident

HighHigh significance — major decision, large financial impact, or broad community effectResidents near the listed project locations can track proposed affordable ownership and rental development financing through the cited AHFC files. The agenda also included a proposed fee-simple transfer at 3801 Tannehill Lane for approximately 32 affordable ownership units.

Charts & Data

14 items(1 procedural hidden)

AI-generated summaries. Click to expand for original text.

#2The 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.

#3Consent

#2Authorizes a loan agreement of up to $135,000 for the ownership housing development known as 3124 Father Joe Znotas, using HOME Community Housing Development Organization funds.

$135K
Austin Housing Finance CorporationGuadalupe Neighborhood Development Corporation3124 Father Joe Znotas Street3124 Father Joe Znotas

#4Authorize a loan agreement of up to $4.7 million with Austin Habitat for Humanity for the Goodnight Ranch ownership housing development.

$4.7M
Austin Habitat for HumanityAustin Housing Finance CorporationHousing5800 Rotunda View+1

#5Authorize a new or amended loan agreement with Guadalupe Neighborhood Development Corporation for additional funding for the Johnny Limon Village ownership development.

$2.1M
Austin Housing Finance CorporationGuadalupe Neighborhood Development CorporationHousing800 Gardner+1

#6Authorizes AHFC Central Housing Non-Profit Corporation to make a capital contribution to Central Housing, LP or an affiliate to repay part of the seller financing for Preserve at Central Park.

$2.5M
AHFC Central Housing Non-Profit CorporationAustin Housing Finance CorporationCentral Housing, LPPreserve at Central Park+1

#9Authorizes a $300,000 new or amended loan agreement for The Sasha, a multifamily rental development near Grove Boulevard. The total loan amount may not exceed $8,795,000.

$300K
Austin Housing Finance CorporationThe Sasha, LPProject ConnectThe Sasha

#10Authorizes a loan agreement of up to $8,000,000 for Verbena Flats, a multifamily rental development near West Slaughter Lane. Funding is available through 2022 General Obligation Bonds.

$8.0M
Austin Housing Finance CorporationVerbena Flats LP2022 General Obligation BondsVerbena Flats

#11Authorize an amendment with the Housing Authority of the City of Austin to administer the Local Housing Voucher Program, increasing the agreement by $6 million and bringing its total authorization to $21.76 million.

$6.0M
Austin Housing Finance CorporationHousing Authority of the City of Austin (HACA)Housing Trust FundHousing+1

#15Adjourn

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