Austin Housing Finance Corporation

THE AUSTIN HOUSING FINANCE CORPORATION WILL MEET ON THURSDAY, FEBRUARY 29, 2024 AT 10:30 AM, AUSTIN CITY HALL AUSTIN CITY HALL, 301 W. SECOND STREET, AUSTIN, TX AND SOME BOARD MEMBERS MAY BE PARTICIPATING VIA VIDEOCONFERENCE. Kirk Watson Natasha Harper-Madison Vanessa Fuentes José Velásquez José "Chito" Vela Ryan Alter Mackenzie Kelly Leslie Pool Paige Ellis Zohaib “Zo” Qadri Alison Alter AGENDA The Board may go into a closed session as permitted by the Texas Open Meetings Act, (Chapter 551 of the Texas Government Code) regarding any item on this agenda. Consent 1. Approve the meeting minutes of the January 18, 2024, Board of Directors meeting of the Austin Housing Finance Corporation. 2. Authorize negotiation and execution of a new or amended loan agreement and related documents with Foundation Communities, Inc., or an affiliated entity, in an amount of $1,553,529, for a total loan amount not to exceed $20,134,448, for the development of rental housing known as Balcones Terrace located at 10024 North Capital of Texas Highway, Austin, Texas 78759. District(s): District 7 3. Authorize negotiation and execution of a loan agreement and related documents with The Vecino Group, LLC or an affiliated entity in an amount not to exceed $6,000,000 for the development of rental housing to be known as Cairn Point Montopolis, located at 1013 Montopolis Drive, Austin, Texas 78741. District(s): District 3 4. Authorize negotiation and execution of a loan agreement and related documents with Escuela Nueva, LLC, or an affiliated entity in an amount not to exceed $9,690,000, for the development of rental  housing to be known as Escuela Nueva, to be located at 2013 Montopolis Drive, Austin, Texas 78741. District(s): District 3 5. Authorize negotiation and execution of a loan agreement and related documents with Foundation Communities, Inc. or an affiliated entity in an amount not to exceed $5,446,471 for the development of rental housing to be known as Mary Lee Square, located at or near 1316, 1318, 1322-1324, 1330-1332, and 1340-1342 Lamar Square Drive, Austin, Texas 78704. District(s): District 9 6. Authorize negotiation and execution of a loan agreement and related documents with Family Eldercare, Inc. or an affiliated entity in the amount of $1,122,639, for a total loan amount not to exceed $4,522,639, for the development of rental housing to be known as Real Gardens, located at 2824 and 2826 Real Street, Austin, Texas 78722. District(s): District 1 7. Authorize negotiation and execution of a loan agreement and related documents with Integral Care, or an affiliated entity, in an amount not to exceed $7,900,000, for the development of rental housing to be known as Seabrook Square II to be located at 2210 Pershing Drive, Austin, Texas 78723. District(s): District 1 8. Authorize negotiation and execution of a loan agreement and related documents with Manifold Sunset Ridge LIHTC, LLC, or an affiliated entity, in an amount not to exceed $8,885,000, for the development of rental housing to be known as Sunset Ridge Apartments located at or near 8413 Southwest Parkway, Austin, Texas 78735. District(s): District 8 9. Authorize negotiation and execution of a loan agreement and related documents with 5900 Pleasant Valley, LP, or an affiliated entity, in an amount not to exceed $8,950,000, for the development of rental housing to be known as 5900 South Pleasant Valley located at or near 5900 South Pleasant Valley, Austin, Texas 78744. District(s): District 2 10. Authorize negotiation and execution of a new or amended loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount of $1,435,200, for a total loan amount not to exceed $5,258,251, for the development of ownership housing known as GSNZ 7 Acres West located at 2721 Goodwin Avenue, Austin, Texas 78702. District(s): District 3 11. Authorize execution of an amendment to the contract with Capital Impact Partners for an additional three months to develop training for small affordable housing developers. Adjourn The City of Austin is committed to compliance with the Americans with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. For assistance, please call 512-974-2210 or TTY users route through 711.