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AND I[Consent ]
WILL NOW CALL TO ORDER THE BOARD OF DIRECTORS MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION, AND I'LL RECOGNIZE STAFF.IT'S, BY THE WAY, FOR THE, FOR THE RECORD, IT IS 1144 AS I CALL TO ORDER THE BOARD OF DIRECTORS OF THE A HFC.
WE ARE MEETING IN THE CITY COUNCIL CHAMBERS ON OCTOBER 10TH, UH, LOCATED AT 3 0 1 WEST SECOND STREET.
I'M VICE PRESIDENT, UH, BOARD OF DIRECTORS.
I AM THE HOUSING AND COMMUNITY DEVELOPMENT OFFICER IN THE HOUSING DEPARTMENT.
UH, ON YOUR AGENDA TODAY, YOU HAVE FOUR ITEMS. ONE SECOND.
IF YOU FIND YOURSELF TALKING AND YOU'RE NOT STANDING AT THE PODIUM, YOU PROBABLY SHOULDN'T BE.
UH, BEFORE YOU ON YOUR AGENDA, YOU HAVE FOUR ITEMS. I'D LIKE TO HIGHLIGHT THAT ITEM NUMBER TWO HAS BEEN POSTPONED, UM, UNTIL DECEMBER.
UH, WE PLAN TO BRING THIS ITEM BACK AFTER T-D-H-C-A ACTS.
UH, THE THREE REMAINING ITEMS ON YOUR AGENDA ARE ALL, UH, RELATED TO THE 9% LOW INCOME HOUSING TAX CREDIT AWARD, UH, THAT WAS AWARDED IN, UH, LATE JULY.
UH, THESE DEVELOPMENTS ALL HAVE A GAP FINANCING REQUEST.
UM, AND I'LL GO OVER THEM PRESENTLY FIRST.
UH, THE FIRST ITEM ON YOUR AGENDA IS THE OVETA AT ROSEDALE.
UH, THIS IS A 70 UNIT DEVELOPMENT WITH A MIXTURE OF ONE, TWO, AND THREE BEDROOM UNITS.
UH, IT WILL INCLUDE ONSITE CHILDCARE.
UM, AND THIS IS, UH, ONE OF OUR FIRST DEVELOPMENTS IN DISTRICT 10.
UH, THIS IS, UH, AFFORDABILITY PERIODS OF 30, 50, 60, AND 80% OF THE MEDIAN FAMILY INCOME FOR THESE UNITS.
THE SECOND ITEM ON YOUR AGENDA THAT IS STILL ACTIVE IS, UH, THE AUTHORIZATION OF THE SASHA, WHICH IS A 60 UNIT DEVELOPMENT, UH, WITH ONE, TWO, AND THREE BEDROOM UNITS.
ALL AFFORDABLE BELOW 50% MEDIAN FAMILY INCOME.
UH, THIS DEVELOPMENT IS IN, UH, DISTRICT THREE.
AND, UH, YOUR LAST ITEM IS THE, UH, BAILEY AT BERKMAN, WHICH IS 104 UNITS OF 30, 50 AND 60, UH, PERCENT MEDIAN FAMILY INCOME.
THESE ARE ALL EFFICIENCIES AND THESE ARE ALL TARGETED TOWARDS SUPPORTIVE HOUSING.
UH, WITH THOSE THREE ITEMS, UH, WE OFFER THESE ON CONSENT BOARD MEMBERS.
DO YOU HAVE ANY QUESTIONS? YES, COUNCIL MEMBER AL, UH, BOARD MEMBER ALTER ALLISON ALTER.
I WAS ACTUALLY GONNA MOVE APPROVAL.
WELL, UH, LEMME MAKE SURE ANYBODY HAVE ANY QUESTIONS IN THAT CASE.
UH, MEMBER, UH, ALLISON ALTER MOVES APPROVAL OF THE CONSENT AGENDA, AS WAS READ IT, SECONDED BY COUNCIL MEMBER VELAZQUEZ.
IS THERE ANYONE WISH? LET ME ASK IF THERE'S ANYONE SIGNED UP TO SPEAK ON THE, ON THE CONSENT ITEMS? NO SPEAKERS.
MAYOR, THERE ARE NO SPEAKERS ON THE CONSENT ITEMS. IS THERE ANYONE WISHING TO BE SHOWN ABSTAINING ON ANY ITEM ON THE CONSENT AGENDA? ANYONE WISHING TO BE SHOWN RECUSING THEMSELVES ON THE CONSENT AGENDA? ANYONE WISHING TO BE SHOWN VOTING NO ON ONE OF THE ITEMS ON THE CONSENT AGENDA? THAT BEING THE CASE WITHOUT OBJECTION, THE CONSENT AGENDA IS ADOPTED WITH BOARD MEMBER HARPER.
CAN BOARD MEMBER ALTER? UM, SO I'M REALLY EXCITED THAT TODAY THAT WE ARE, UH, APPROVING THIS INVESTMENT IN THIS PROJECT IN DISTRICT 10.
IN NO NEVADA ROSEDALE, UH, IS THE FIRST MAJOR PROJECT TO ACTUALLY MOVE FORWARD IN DISTRICT 10.
IT'S MY BUS, MY BUS STOP, UM, IS RIGHT THERE.
AND I'M, I'M REALLY EXCITED THAT WE'RE GONNA BE ABLE TO PROVIDE SO MANY UNITS, UM, NEAR A PARK, NEAR TRANSIT, NEAR MEDICAL FACILITIES, AND NEAR A GROCERY STORE, UM, IN AN AREA OF TOWN WHERE WE HAVEN'T HAD THIS OPPORTUNITY BEFORE.
UM, AND I WANNA THANK MS. LASH AND HER TEAM, UM, FOR HAVING THE VISION FOR THIS AND ON OUR TEAM, UM, HOUSING AND PLANNING TO, TO MOVE THIS FORWARD.
I'M REALLY, REALLY EXCITED THAT WE ARE ABLE TO MOVE THIS FORWARD AND THAT IT RECEIVED THE 9% TAX CREDIT BOARD.
THANK, THANK YOU BOARD MEMBER.
UM, THERE BEING NO OTHER BUSINESS TO COME BEFORE THE BOARD OF DIRECTORS OF THE AUSTIN HOUSING FINANCE CORPORATION AT THIS SCHEDULED MEETING.
WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS AT 1148.