* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          A CALL TO ORDER THE BOARD 
          [00:00:01]
OF DIRECTORS MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION MEMBERS. 
          WE ARE MEETING IN THE CITY COUNCIL CHAMBERS AND CITY HALL, WHICH IS LOCATED AT 3 0 1 WEST SECOND STREET, AND WE HAVE ALL OF THE BOARD MEMBERS OF THE AUSTIN HOUSING FINANCE CORPORATION PRESENT. 
          IT IS 10 30 IN THE MORNING AND I WILL RECOGNIZE, 
          [Consent]
UH, MANDY DE MAIL. 
          GOOD MORNING, MANDY DEMEO, HOUSING DEPARTMENT TREASURER OF AUSTIN, UH, HOUSING FINANCE CORPORATION. 
          TODAY ON YOUR AGENDA, YOU HAVE SIX ITEMS. I OFFER THEM ALL ON CONSENT. 
          THE FIRST ITEM IS TO APPROVE THE MINUTES FROM THE MARCH 6TH, UH, A HFC MEETING. 
          THE SECOND AND THIRD, UH, ITEMS ARE RELATED. 
          THE SECOND ITEM IS TO APPROVE STAFF TO MOVE FORWARD WITH NEGOTIATION AND EXECUTION OF A $5.5 MILLION LOAN WITH FOUNDATION COMMUNITIES OR AN AFFILIATED ENTITY TO DEVELOP 56 UNITS, UH, TO BE KNOWN AS THE BLOOM AT LAMAR SQUARE. 
          UH, THAT IS IN DISTRICT NINE. 
          THAT WILL RESULT IN 56 UNITS RANGING FROM 30% TO 60% MEDIAN FAMILY INCOME UNITS. 
          THE SECOND ITEM IS AUTHORIZING STAFF TO MOVE FORWARD WITH NEGOTIATION AND EXECUTION OF A LOAN WITH THE MARY LEE FOUNDATION. 
          UH, THE LOAN AMOUNT IS $4.5 MILLION THAT WILL RESULT IN 45 UNITS, ALL AT 30% OR BELOW MEDIAN FAMILY INCOME. 
          THAT IS ALSO IN DISTRICT NINE. 
          ITEM FOUR AND ITEM FIVE ARE RELATED. 
          UH, ITEM FOUR IS AUTHORIZING, UH, THE EXECUTION OF A, UM, ACQUISITION OF ABOUT 0.16 ACRES IN D THREE, UH, FROM WATERSHED PROTECTION FOR A LOT AT 28 0 1 CASTRO STREET. 
          UM, A HFC WILL BE ACCEPTING THAT LOT. 
          AND THEN IN ITEM FIVE, WE WILL BE CONVEYING THAT LOT TO GUADALUPE NEIGHBORHOOD DEVELOPMENT CORPORATION FOR THE DEVELOPMENT, UM, OF AT LEAST TWO UNITS OF AFFORDABLE HOUSING FOR LOW INCOME HOUSEHOLDS. 
          ITEM SIX IS AUTHORIZING US TO MOVE FORWARD WITH NEGOTIATION AND EXECUTION OF A GRANT AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF AUSTIN OR HAKA FOR A LONGSTANDING HOME FUNDED PROGRAM, TENANT-BASED RENTAL ASSISTANCE, WHICH WILL SERVE, UM, APPROXIMATELY 65 HOUSEHOLDS IN THE COMING FISCAL YEAR. 
          AND THAT IS FOR APPROXIMATELY $1.2 MILLION. 
          I OFFER ALL OF THOSE ON CONSENT. 
          HAPPY TO TAKE ANY QUESTIONS AND I BELIEVE WE HAVE ONE SPEAKER. 
          THANK YOU. 
          UM, LET ME ASK IF ANYBODY HAS ANY QUESTIONS. 
          YES, COUNCIL MEMBER RYAN ALTER. 
          I WAS CURIOUS FOR ITEMS TWO AND THREE, UH, THE DOLLAR AMOUNTS AND THE, SO WHAT I'M TRYING TO ASK IS THE, THE STATESMAN PUD, I KNOW PART OF THE DISCUSSION THERE WAS THAT SOME OF THE MONIES COULD POTENTIALLY BE USED FOR PROJECTS SUCH AS THIS WITHIN THE GEOGRAPHIC AREA. 
          ARE THESE DOLLARS TIED TO THAT, RELATED TO THAT IN ANY WAY? OR IS THAT THESE DOLLARS ARE NOT, UH, AS A RESULT OF THE STATESMAN PUD YOU'LL RECALL THAT THE STATESMAN PUD THE FEE IN LIEU THAT IS ANTICIPATED FROM THE STATESMAN PUD, UH, THE TRIGGERING THE TIA THAT TRIGGERS THE FEE IN LIEU ACTUALLY HAS NOT OCCURRED YET. 
          UH, WE ANTICIPATE THOSE DOLLARS IN THE FUTURE. 
          RIGHT NOW, I BELIEVE THESE DOLLARS, IF I'M NOT MISTAKEN, ARE GENERAL OBLIGATION BONDS, BUT WE DO AN, THIS IS REALLY JUST THE FIRST PHASE IN A MULTI-PHASE DEVELOPMENT AT LAMAR SQUARE, RIGHT? SO WE ANTICIPATE THAT THERE WILL BE ADDITIONAL NEED FOR AFFORDABLE HOUSING DOLLARS IN THE FUTURE AND HOPEFULLY THAT WILL ALIGN WITH, UH, THE RECEIPT OF THE, THE FUNDS FROM THE STATESMAN POD. 
          THANK YOU. 
          THANK YOU COUNCILMAN WALTER. 
          UH, ANY FURTHER QUESTIONS? ALRIGHT, UH, WE HAVE A SPEAKER. 
          I'LL UH, TURN TO THE CLERK SPEAKING ON ITEM SIX. 
          CARLA COURTNEY. 
          CARLA COURTNEY, THAT CONCLUDES ALL SPEAKERS, MAYOR. 
          ALRIGHT, WE, UM, HAVE CONCLUDED ALL THE SPEAKERS. 
          I'LL ENTERTAIN A MOTION TO ADOPT THE CONSENT AGENDA FOR THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS, UH, MADE BY THE VICE PRESIDENT, UH, FUENTES, SECONDED BY, UM, BOARD MEMBER OF VELA. 
          IS THERE ANYONE WISHING TO BE SHOWN ABSTAINING FROM ANY ITEM ON THE CONSENT AGENDA FOR THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS MEETING? ANYONE WISHING TO BE SHOWN RECUSING THEMSELVES FROM A VOTE ON THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS MEETING? ANYONE WISHING TO BE SHOWN VOTING NO ON ANY ITEM? ANY FURTHER DISCUSSION WITHOUT OBJECTION? THE AUSTIN HOUSING FINANCE CORPORATION, UH, CONSENT AGENDA IS ADOPTED UNANIMOUSLY. 
          THANK YOU. 
          UH, THANK YOU MEMBERS WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION ON MAY 8TH, 2025 AT 10:34 AM IS THERE OBJECTION, HEARING NONE. 
          WE ARE ADJOURNED.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.