[00:00:01]
AND CALL[Consent]
TO ORDER THE MEETING OF THE BOARD OF DIRECTORS OF THE AUSTIN HOUSING FINANCE CORPORATION.UM, IF THE STAFF WILL PLEASE WALK US THROUGH.
BY THE WAY, I'M CALLING US TO ORDER.
IT'S MARCH 9TH, 2023 AND I'M CALLING US TO ORDER AT 1146.
WE HAVE A, UH, WE HAVE ALL THE MEMBERS OF THE BOARD PRESENT.
TWO PRESENT BY, UH, BEING VIRTUALLY COUNCIL MEMBER FUENTES AND COUNCIL MEMBER HARPER MADISON, PLEASE PROCEED.
GOOD MORNING, MR. PRESIDENT, BOARD OF DIRECTORS.
I'M THE HOUSING AND COMMUNITY DEVELOPMENT OFFICER WITH THE HOUSING AND PLANNING DEPARTMENT.
I'M HERE TO PRESENT YOUR, UH, A H F C OR AUSTIN HOUSING FINANCE CORPORATION AGENDA FOR TODAY.
UH, YOU HAVE THREE M'S ON YOUR AGENDA.
THE FIRST IS THE APPROVAL OF THE MINUTES FROM YOUR FEBRUARY 9TH MEETING.
UH, THE SECOND IS A LOAN MODIFICATION TO INCREASE THE LOAN AMOUNT TO PROJECT TRANSITIONS INCORPORATED FOR THE BURNETT PLACE DEVELOPMENT SERVING INDIVIDUALS LIVING WITH HIV AIDS AND VULNERABLE TO HOMELESSNESS.
THE LOAN AMOUNT WILL TOTAL 6.3 MILLION IN SUPPORTIVE CONSTRUCTION OF 61 UNITS, AFFORDABLE AT 30, 40 AND 50% MEDIAN FAMILY INCOME.
YOUR THIRD ITEM IS AN APPROVAL OF AN ISSUANCE OF 40 MILLION IN PRIVATE ACTIVITY BONDS, UH, FOR THE DEVELOPMENT KNOWN AS WOODWAY SQUARE.
UH, LOCATED AT 1700 TERRY ROAD.
THESE FUNDS WILL BE USED TO REPAIR AND REHABILITATE THE PROPERTY FOR CONTINUED HIGH QUALITY AFFORDABLE HOUSING.
HAVE YOU HAPPY TO ANSWER ANY QUESTIONS? AND I OFFER ALL THREE OF THOSE ON CONSENT MEMBERS.
ARE THERE ANY QUESTIONS, UH, OF STAFF? UH, THE PRESIDENT INTENDS TO TAKE UP THE CONSENT AGENDA.
MY, LET ME ASK, ARE THERE ANY ITEMS THAT THAT MEMBERS OF, UH, THE BOARD OF DIRECTORS WISHES TO PULL FROM THE CONSENT AGENDA? SEEING NONE.
ARE THERE ANY SPEAKERS? THERE ARE NO SPEAKERS.
ARE THERE ANY, UM, IS THERE ANY DESIRE BY ANY MEMBER OF THE BOARD OF DIRECTORS TO BE SHOWN AS ABSTAINING OR RECUSING THEMSELVES? I WOULD LIKE TO VOTE NO ON BOTH.
SO YOU'RE VOTING NO ON A H HSC TWO AND HSC THREE? THAT IS CORRECT, YES.
I WILL, WILL VOTE TO, IN FAVOR OF APPROVING THE MINUTES, YOU'LL BE SHOWN VOTING NO.
ON THOSE TWO ITEMS, UM, MEMBERS, IS THERE, ARE THERE ANY OTHER DESIRES TO BE SHOWN, ABSTAINING, RECUSING, OR VOTING NO.
IN THAT CASE, UH, IS IS THERE ANY OBJECTION TO THE ADOPTION OF THE CONSENT AGENDA? H FFC ONE, HFC TWO, AND AHS FC THREE.
HEARING NONE, UH, THOSE ITEMS ARE ADOPTED WITH BOARD MEMBER KELLY BEING SHOWN VOTING NO.
ON ITEMS TWO AND ITEM NUMBER THREE, MEMBERS WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION.