* 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.
          [00:00:01]
          MEMBERS, UM, WITHOUT OBJECTION, WE WILL RECESS THE MEETING OF THE AUSTIN CITY COUNCIL, UM, AT 3:00 PM THERE'S NO OBJECTION. 
          SO WE ARE IN RECESS AND I WILL NOW CALL TO ORDER THE BOARD OF DIRECTORS MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION. 
          UM, AND WE HAVE A QUORUM OF THE BOARD OF DIRECTORS OF THE AUSTIN HOUSING FINANCE CORPORATION PRESENT, UH, WITH, UH, AND, AND I WILL TURN TO, WE'RE BY THE WAY, WE'RE MEETING, IT'S ON, UH, APRIL 23RD, 2026 AT 3:00 PM AND WE ARE MEETING IN CITY COUNCIL CHAMBERS LOCATED IN CITY HALL AT 3 0 1 WEST SECOND STREET. 
          AND WE WILL RECOGNIZE 
          [Consent]
OUR PROFESSIONAL STAFF TO TALK TO, UH, THE BOARD OF DIRECTORS. 
          GOOD AFTERNOON, Y'ALL. 
          I AM NICOLE JOCELYN. 
          I'M THE HOUSING AND COMMUNITY DEVELOPMENT OFFICER FOR AUSTIN HOUSING. 
          I AM HERE TO PRESENT THE AGENDA FOR THE A HFC BOARD MEETING TODAY. 
          WE HAVE TWO ITEMS ON CONSENT. 
          THE FIRST ITEM IS TO APPROVE THE MINUTES FOR THE PREVIOUS BOARD OF DIRECTORS MEETINGS FOR MARCH 12TH, MARCH 26TH, AND APRIL 9TH. 
          ITEM NUMBER TWO IS TO AUTHORIZE A AMENDED LOAN AGREEMENT WITH THE LA VISTA DE LOPEZ LP IN AN AMOUNT NOT TO EXCEED ONE POINT, UH, 1 6 0 5 $5 MILLION FOR A TOTAL LOAN AMOUNT, NOT TO EXCEED $6,233,365 FOR A MULTIFAMILY RENTAL DEVELOPMENT KNOWN AS LA VISTA DE LOPEZ, LOCATED AT 8 0 9 EAST NINTH STREET. 
          THIS LOAN IS UTILIZING HOMESTEAD PRESERVATION DISTRICT TAX INCREMENT REINVESTMENT ZONE FUNDS, AND IT IS LOCATED IN DISTRICT ONE. 
          AND THAT IS ALL WE HAVE ON THE AGENDA TODAY. 
          UH, THANK YOU VERY MUCH. 
          UH, CLERK, DO WE HAVE ANY, UH, SPEAKERS? YES, WE HAVE ONE SPEAKER ON ITEM HFC 0 0 2. 
          ZENOBIA JOSEPH, WELCOME MS. JOSEPH. 
          THANK YOU MAYOR PRO TIM MEMBERS, I'M ENOVIA JOSEPH. 
          MY COMMENTS ARE SPECIFICALLY RELATED TO THE $1 MILLION REQUEST. 
          THE ACTUAL APPLICATION SAYS PROJECT CONNECT AND IT SPECIFIES PLAZA SALTILLO FEE IN LIEU. 
          I JUST THINK THAT THIS PARTICULAR PROJECT IS A BIT DECEPTIVE. 
          IF I'M CORRECT, I THINK IT'S 10 STORIES, 27 UNITS, $20 MILLION TOTAL. 
          THAT'S ABOUT $734,000 PER UNIT. 
          IF IT'S ONLY 27 UNITS. 
          MAYBE THE STAFF CAN CLARIFY. 
          THERE WAS A DISCUSSION JUNE 10TH, 2025, COMMUNITY DEVELOPMENT COMMISSION WHERE MANDY DE ACTUALLY MENTIONED THE HUD FUNDING ABOUT $3 MILLION. 
          IT IS HOWEVER UNCLEAR WHY WE WOULD SPEND THAT MUCH MONEY ON ONE UNIT. 
          I JUST WANNA MAKE YOU AWARE, THIS IS 27 UNITS FOR THE SENIOR CITIZENS AND THE SENIOR CITIZENS IN NORTHEAST AUSTIN SPECIFICALLY DO NOT HAVE TRANSPORTATION ON BREAKER LANE. 
          3 92 IS ELIMINATED TO COLLINWOOD. 
          AND SO MY COMMENTS ARE ALWAYS IN THE CONTEXT OF TITLE SIX OF THE CIVIL RIGHTS ACT OF 1964, WHICH PROHIBITS DISCRIMINATION BASED ON RACE, COLOR, AND NATIONAL ORIGIN. 
          I WOULD CALL TO YOUR ATTENTION THAT HARRIS BRANCH SENIOR LIVING, IT'S ABOUT TWO MILES TO WALK ON DESA TO THE NEAREST BUS STOP. 
          AND SO I AM HAVING SOME DIFFICULTY UNDERSTANDING HOW YOU COULD INVEST $734,000 IN ONE UNIT PER ELDER. 
          AND IT'S ABOUT A MILE WALK FROM THE WELLS BRANCH, MERRILL TOWN AS WELL. 
          AND SO IT'S AN EQUITABLE, IT'S DISCRIMINATORY AND IT ALSO WOULD VIOLATE THE FAIR HOUSING ACT IN 1968. 
          SO IF YOU COULD JUST SEEK CLARIFICATION ON THE FUNDING MECHANISM, IT'S STARTED AT 16 MILLION. 
          IT'S ONLY ABOUT EIGHT AFFORDABLE UNITS AT 30% AREA MEDIAN INCOME. 
          AND THEN THERE ARE 19, UH, TOTAL FOR 50% AREA MEDIAN INCOME OR MEDIAN FAMILY INCOME. 
          IT JUST SEEMS A BIT EXCESSIVE AND I WOULD ASK YOU TO TABLE THE ITEM AND RECOGNIZE THAT IT'S NOT COST EFFECTIVE. 
          IF YOU HAVE ANY QUESTIONS, I'LL GLADLY ANSWER THEM AT THIS TIME. 
          THANK YOU, MR. JOSEPH. 
          YOU'RE WELCOME. 
          NO OTHER SPEAKERS. 
          THAT CONCLUDES ALL SPEAKERS. 
          THANK YOU. 
          THEN, UH, WITH THE, UH, CAN I-A-F-C-A AUSTIN HOUSING FINANCE CORPORATION, UH, THE CONSENT AGENDA WOULD INCLUDE THE APPROVAL OF THE MINUTES AND APPROVAL OF ITEM TWO. 
          IS THERE A MOTION? A MOTION FROM COUNCIL MEMBER ALTER SECOND FROM COUNCIL MEMBER OF VELASQUEZ, UH, ANY, UH, OBJECTIONS THEN WITHOUT OBJECTION? THE A HFC CONSENT AGENDA IS APPROVED. 
          GOING BACK TO THEN, ACTUALLY WE WERE, YES. 
          ALRIGHT, UH, THEN SORRY. 
          DO YOU HAVE A LIST OF FOLKS WHO ARE OFF THE DIOCESE? UH, THANK YOU FOR THE REMINDER WITH, 
          [00:05:01]
UH, COUNCIL MEMBER HARPER MADISON, UH, UH, ABSENT AND, UH, THE MAYOR OFF THE DIOCESE AND, UH, COUNCIL MEMBER LANE OFF THE DIOCESE. 
          LET THE RECORD REFLECT THAT, UH, ON THE CONSENT AGENDA VOTE, THOSE THREE MEMBERS WERE, UH, NOT PRESENT FOR THE VOTE. 
          UH, AND WITH, UH, THAT VOTE, THEN WE WILL, UH, ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION AND WE WILL, UH, RETURN, UH, TO THE MEETING OF THE AUSTIN CITY COUNCIL.
* 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.