Consent 1. Conduct a public hearing and receive public comment regarding the issuance of up to $25 million dollars of multi-family housing revenue bonds to be issued by the Austin Housing Finance Corporation to finance the development of the ALDRICH 51 APARTMENTS, located in the Robert Mueller Municipal Airport Redevelopment on the west side of Aldrich Street between Barbara Jordan Boulevard and East 51st Street, a mixed-income multi-family development to be owned and operated by Austin DMA Housing II, LLC, a single-purpose limited liability company. 2. Authorize negotiation and execution of a loan agreement with Foundation Communities, Inc., or an affiliate, in an amount not to exceed $1,875,000 for a multi-family rental development to be known as Cardinal Point Apartments, located at 11011 ½ Four Points Drive. 3. Authorize negotiation and execution of a loan agreement with Wolfpack Group, LLC, or an affiliate, in an amount not to exceed $1,260,000 for a multi-family rental development to be known as the LaMadrid Apartments, located at the southwest corner of Ravenscroft Drive and Manchaca Road.
Aug 06, 2015 Austin Housing Finance Corporation
Consent 1. Conduct a public hearing and receive public comment regarding the issuance of up to $25 million dollars of multi-family housing revenue bonds to be issued by the Austin Housing Finance Corporation to finance the development of the ALDRICH 51 APARTMENTS, located in the Robert Mueller Municipal Airport Redevelopment on the west side of Aldrich Street between Barbara Jordan Boulevard and East 51st Street, a mixed-income multi-family development to be owned and operated by Austin DMA Housing II, LLC, a single-purpose limited liability company. 2. Authorize negotiation and execution of a loan agreement with Foundation Communities, Inc., or an affiliate, in an amount not to exceed $1,875,000 for a multi-family rental development to be known as Cardinal Point Apartments, located at 11011 ½ Four Points Drive. 3. Authorize negotiation and execution of a loan agreement with Wolfpack Group, LLC, or an affiliate, in an amount not to exceed $1,260,000 for a multi-family rental development to be known as the LaMadrid Apartments, located at the southwest corner of Ravenscroft Drive and Manchaca Road.