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WITHOUT OBJECTION.

[00:00:01]

WE WILL ADJOURN.

UH, WE WILL RECESS THE AUSTIN CITY COUNCIL MEETING, UH, AT 10:35 AM AND I WILL CALL TO ORDER NOW THE BOARD OF DIRECTORS MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION.

UH, THAT MEETING IS, IT IS 10 35 AND WE HAVE CALLED THAT MEETING TO ORDER

[Consent]

AND I WILL, UH, TURN TO OUR PROFESSIONAL STAFF.

IF YOU'RE LEAVING THE COUNCIL CHAMBERS, PLEASE KEEP YOUR CONVERSATIONS.

I KNOW YOU CAN'T HEAR ME BECAUSE YOU'RE TALKING.

THERE YOU GO.

GOOD MORNING, MANDY DE MAYO, AUSTIN HOUSING FINANCE CORPORATION.

UH, I AM HERE THIS MORNING TO PRESENT THE AGENDA.

HANG ON MR. MAYO, PLEASE.

IF YOU'RE LEAVING THE COUNCIL CHAMBERS AND YOU'RE TALKING, I WOULD ASK THAT YOU NOT DO THAT SO THAT WE CAN CONTINUE WITH THE BUSINESS.

THANK YOU.

THERE ARE TWO ITEMS ON TODAY'S AGENDA.

THE FIRST ITEM IS, UM, AUTHORIZING THE NEGOTIATION AND EXECUTION OF A LOAN WITH FOUNDATION COMMUNITIES FC BLOOM HOUSING FOR $5.5 MILLION.

UH, THIS, UH, UH, LOAN AGREEMENT MAY BE FAMILIAR.

YOU'RE ACTUALLY REAUTHORIZING.

THERE WERE SOME CHANGES TO THE APPLICATION AND INCREASE IN THE NUMBER OF UNITS AS WELL AS A TEMPORARY, UH, CHANGE IN THE MFIS THAT WE WILL BE SERVING ON THIS PROPERTY IN ORDER TO ACCOMMODATE RELOCATION WHILE THE PROPERTY UNDERGOES REDEVELOPMENT.

THAT INFORMATION IS PROVIDED IN YOUR BACKUP.

AND WE ALSO HAVE A REPRESENTATIVE FROM FOUNDATION COMMUNITIES HERE TODAY, SO THAT'S A $5.5 MILLION LOAN.

AND THEN THE SECOND ITEM IS APPROVING THE BOARD OF DIRECTORS MEETING MINUTES FROM NOVEMBER, UH, 6 20 25.

I'M HAPPY TO TAKE ANY QUESTIONS.

I OFFER THIS ON CONSENT BOARD MEMBERS.

DO YOU HAVE ANY QUESTIONS? YES.

COUNCIL MEMBER ALTER THE LOAN.

IS IT THROUGH THE RHODA PROGRAM OR IS THIS OUTSIDE OF RHODA? THIS IS THROUGH THE RHODA PROGRAM, AND IT WAS PREVIOUSLY LAST MAY.

YOU ALL APPROVED A $5.5 MILLION LOAN.

THE LOAN DID NOT CHANGE.

THE AFFORDABILITY PERIOD WAS EXTENDED FROM 40 TO 41 YEARS.

SOME OF THE MFIS WERE ADJUSTED TO ACCOMMODATE EXISTING RESIDENTS ON THE PROPERTY WHO WILL BE TEMPORARILY RELOCATED.

UM, BUT IT IS A, A, A ROAD ALONE.

AND THE TERM IS FOR HOW LONG? OF 40 YEARS? 41 YEARS.

OKAY.

IT'S, YEAH, ENTIRE TIME.

THANK YOU.

THANK YOU.

ANY FURTHER QUESTIONS? LET ME ASK, DO WE HAVE ANYONE SIGNED UP TO SPEAK? THANK YOU, MAYOR.

WE HAVE ONE SPEAKER ON A HFC 0 0 1 ENOVIA JOSEPH, I'VE NOT SEEN HER COME IN TODAY.

MS. JOSEPH, ARE YOU HERE? I DON'T SEE HER.

THAT CONCLUDES ALL SPEAKERS.

ALL RIGHT.

THANK YOU MEMBERS.

UH, THAT CONCLUDES THE ITEMS THAT WE WOULD TAKE UP ON THE CONSENT AGENDA.

I'LL ENTERTAIN A MOTION TO APPROVE THE CONSENT AGENDA OF ALL FINANCE CORPORATION COUNCIL MEMBER VELASQUEZ MAKES THE MOTION TO SECOND BY COUNCIL MEMBER LANE.

UM, ANY, I'LL ASK FOR DISCUSSION.

ANY DISCUSSION? ANYONE WISHING TO ABSTAIN FROM A VOTE ON ANY ITEM ON THE CONSENT AGENDA? ANYONE WISHING TO RECUSE THEMSELVES FROM A VOTE ON AN ITEM ON THE CONSENT AGENDA? ANYONE WISHING TO BE SHOWN VOTING NO ON ONE OF THE A HFC ITEMS ON THE CONSENT AGENDA? SEEING NONE, WITH NO FURTHER DISCUSSION WITHOUT OBJECTION, THE CONSENT AGENDA FOR THE AUSTIN HOUSING FINANCE CORPORATION FOR TODAY IS ADOPTED.

THANK YOU.

THANK YOU.

UH, WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION FOR MARCH 12TH, 2026 AT THREE, UH, 10 38.

UH, WE ARE ADJOURNED.