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CALL TO ORDER THE MEETING OF[Consent]
THE BOARD OF DIRECTORS OF THE AUSTIN HOUSING FINANCE CORPORATION, AND IT IS 1:39 PM I'LL RECOGNIZE STAFF ON A HFC.GOOD AFTERNOON, MY NAME IS JAMIE MAY.
I AM THE HOUSING AND COMMUNITY DEVELOPMENT OFFICER WITH THE HOUSING DEPARTMENT.
I'M HERE TO, HANG ON ONE SECOND.
IF YOU'RE NOT STANDING AT A PODIUM BUT YOU FIND YOURSELF TALKING, YOU MIGHT BE MISTAKEN.
I'M HERE TO PRESENT YOUR AGENDA FOR THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS MEETING.
YOU HAVE FOUR ITEMS ON YOUR AGENDA TODAY.
UH, THE FIRST WILL BE TO CONDUCT A PUBLIC HEARING REGARDING, UH, THE ISSUANCE OF PRIVATE ACTIVITY BONDS FOR A PROPERTY KNOWN AS SAGE AT FRANKLIN PARK.
THIS IS $64.8 MILLION IN PRIVATE ACTIVITY BONDS.
AGAIN, AUSTIN HOUSING FINANCE CORPORATION IS A ISSUER.
UH, THESE ARE NOT DEBTS THAT THE CITY OR A HFC WILL CARRY.
WE ARE SIMPLY ISSUING THE BONDS.
SECOND ON YOUR AGENDA IS, UH, THE CREATION OF A HFC DORIS HATHAWAY NONPROFIT CORPORATION AND THE EXECUTION OF A GROUND LEASE, UH, FOR, UH, THIS PROPERTY WITH DORIS HATHAWAY NONPROFIT CORPORATION.
UH, THIS WILL BE DEVELOPED INTO 25 AFFORDABLE COMMUNITY LAND TRUST UNITS.
AND THEN YOUR FOURTH ITEM ON YOUR AGENDA IS TO, UH, AUTHORIZE THE EXECUTION OF A ONE YEAR SERVICE AGREEMENT WITH THE AUSTIN HOUSING FINANCE CORPORATION AND THE CITY OF AUSTIN FOR THE FISCAL YEAR 20 24, 20 25, UH, OPERATING BUDGET NOT TO EXCEED $117 MILLION.
I, UH, OTHER THAN THE PUBLIC HEARING, I OFFER THESE ON CONSENT.
DO YOU HAVE ANY QUESTIONS OF STAFF AT THIS POINT IN TIME? ALL RIGHT, THEN, UH, WITHOUT OBJECTION, WE'LL OPEN THE PUBLIC HEARING ON ITEM A HSC ONE AND I'LL TURN TO THE CITY CLERK.
WE HAVE NO SPEAKERS ON ITEM ONE.
UH, MEMBERS THERE BEING NO SPEAKERS WITHOUT OBJECTION, WE WILL CLOSE THE PUBLIC HEARING ON ITEM NUMBER ONE.
UM, I'LL ENTERTAIN A MOTION WITH REGARD TO ITEM NUMBER ONE.
UH, THAT WILL TAKE US TO ITEMS TWO, THREE, AND FOUR AS A CONSENT AGENDA.
UH, AND I'LL TURN TO THE CLERK AND SEE IF WE HAVE PEOPLE SIGNED UP TO SPEAK ON THE CONSENT AGENDA.
WE HAVE ZIA JOSEPH SIGNED UP ON ITEM FOUR FROM A HFC WITH THREE MINUTES.
COUNSEL, I'M ZIA JOSEPH, I TOLD YOU, MAYOR, BEFORE I FINISHED MY COMMENTS, THAT I WOULD SHOW YOU WHAT IT LOOKS LIKE WHEN YOUR ITEMS ARE PLACED ON THE SIDE OF THE ROAD AND NEIGHBORS COME OVER AND TAKE THEM.
I WANT YOU TO RECOGNIZE, I ASKED YOU, I WOULD ASK YOU TO SPEAK TO THE ITEM THAT YOU'RE SIGNED UP TO SPEAK ON.
I, I AM MR. MAYOR, IF YOU'LL JUST GIVE ME A MINUTE, I'LL TELL YOU.
WE'RE TALKING, WE'RE ABOUT A ONE YEAR SERVICE AGREEMENT AND YES, UM, ITEM FOUR, EXHIBIT A SPECIFIES PROJECT CONNECT.
AND PROJECT CONNECT HAS ANTI DISPLACEMENT FUNDS.
AND THE PICTURE BEFORE YOU IS GERMANE BECAUSE IT HAS EVICTION PREVENTION DOLLARS.
AND SO I WANT YOU TO RECOGNIZE SPECIFICALLY, AND I PUT THE DOLLAR AMOUNT, IT'S $117 MILLION.
AND THEN IF YOU LOOK SPECIFICALLY AT THE ITEM, YOU WILL SEE THAT THERE IS MONEY THAT'S CARVED OUT SPECIFICALLY FOR ANTI DISPLACEMENT.
AND SO THAT IS WHY YOU HAVE THE PICTURE BEFORE YOU.
IS THAT SUFFICIENT ENOUGH FOR YOU TO UNDERSTAND WHY IT'S GERMANE? I'M GONNA LET YOU FINISH IF YOU'LL FINISH.
UM, SO THE REASON THAT MY OPPOSITION IS THERE IS BECAUSE OF THE 18.5 OR SO MILLION DOLLARS THAT'S CARVED OUT FOR PROJECT CONNECT.
IT THEN IS DELINEATED IN EXHIBIT A THREE TIMES AS TO WHERE THAT MONEY IS GOING.
AND SO WHAT I WANT YOU TO UNDERSTAND IS THAT THE $21 MILLION CURRENTLY ALLOCATED FOR THE ANTI DISPLACEMENT IS BEING CHALLENGED IN THE LAWSUIT ON PAGE 23 OF THE ORIGINAL PETITION, WHICH WAS FILED NOVEMBER 6TH, 2023.
AND SO WHAT I WANT YOU TO UNDERSTAND IS THAT ON JULY 11TH, 2024, NEFERTITI JACKMAN, WHO IS YOUR DISPLACEMENT OFFICER, SPECIFIED THAT THE SAME ORGANIZATIONS WILL HAVE AN OPPORTUNITY TO GET $10 MILLION MORE.
AND THAT A SEPARATE OPPORTUNITY WILL COME FOR $5 MILLION MORE.
THAT IS FROM THE PROJECT CONNECT COMMUNITY ADVISORY COMMITTEE.
AND SO MY OPPOSITION TO THE $117 MILLION IS THAT YOU'RE NOT MANAGING THE $21 MILLION THAT'S BEEN ALLOCATED THUS FAR.
YOU HAVE MONIES GOING TO DE VALLEY.
THERE'S NO LIGHT RAIL SYSTEM GOING TO DALE VALLEY, BUT YET THEY HAVE SOME ANTI DISPLACEMENT MONEY.
YOU HAVE $2 MILLION GOING TO LIFE FOR NEW RESTORATIVE JUSTICE, BUT YET THERE IS NO LIGHT RAIL GOING TO NORTHEAST AUSTIN.
AND THE NORTHEAST AUSTIN PLAN IS ACTUALLY PREDICATED ON PROJECT CONNECT'S GREEN LINE, WHICH IS UNFUNDED.
YOU HAVE $1.5 MILLION GOING TO MAMA ASANA
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VIBRANT WOMEN, BUT YET, AND STILL THEY ONLY SERVE THE PREGNANT WOMEN.AND YOU ARE DISCRIMINATING AGAINST SINGLE BLACK WOMEN WHO ARE BEING EVICTED AS WELL.
SO THE PICTURE BEFORE YOU IS GERMANE BECAUSE IT SHOWS YOU WHAT HAPPENS AND THAT THE SYSTEM IS DISCONNECTED DESPITE THE ANTI-DISPLACEMENT FUNDS BEING USED FOR SOME CONSTITUENTS IN THE COMMUNITY AND NOT ALL.
AND YOUR HOMELESS STRATEGY OFFICER DAVID GRAY, NEVER GIVES YOU THE DISAGGREGATED DATA WHEN YOU ARE TALKING ABOUT THE HOMELESS FUNDING.
THANK YOU JOSEPH, TO EXPLAIN IF YOU HAVE ANY QUESTIONS, I'LL GO AHEAD AND ANSWER THEM AT THIS TIME.
THAT CONCLUDES ALL THE SPEAKERS THAT SIGNED UP ON THE AUSTIN HOUSING FINANCE CORPORATION CONSENT AGENDA, WHICH ARE ITEMS TWO, THREE, AND FOUR.
I'LL ENTERTAIN A MOTION TO ADOPT THE CONSENT AGENDA AS READ.
COUNCIL MEMBER VELA SECONDED BY COUNCIL MEMBER RYAN ALTER.
IS THERE A DISCUSSION ON THE CONSENT AGENDA? YES, GO AHEAD.
JUST WANNA MAKE A BRIEF COMMENT ON ITEM TWO, PLEASE.
UH, IT'S, UH, I'M VERY HAPPY TO SEE, UH, COMMUNITY LAND TRUST MOVING FORWARD 25, UH, AFFORDABLE CONDOS RIGHT NEXT TO, UH, BURNETT MIDDLE SCHOOL IN DISTRICT FOUR.
UH, I JUST WANTED TO HIGHLIGHT THAT.
UH, REALLY, UH, HAPPY TO SEE THAT MOVING FORWARD AND, AND LOOK FORWARD TO SEE FUTURE, UH, ESPECIALLY A CONDOMINIUM TYPE, AFFORDABLE HOUSING COMMUNITY, LAND TRUST PROJECTS IN THE FUTURE.
ANY FURTHER DISCUSSION MEMBERS? IS THERE ANY, UM, ANY MEMBERS THAT WISHES TO BE SHOWN ABSTAINING ON THE CONSENT AGENDA ON ANY ITEM ANYONE WISHING TO RECUSE THEMSELVES ON THE CONSENT AGENDA ON ANY ITEM ANYONE WISHING TO BE SHOWN VOTING NO ON THE CONSENT AGENDA ON ANY ITEM WITHOUT OBJECTION? THE CONSENT AGENDA IS ADOPTED WITH COUNT WITH BOARD MEMBER HARPER MADISON.
UH, ABSENT MEMBERS WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS AT 1:46 PM AND I'LL.