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THE, A MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION.UH, TODAY IS, UH, THURSDAY, SEPTEMBER 2ND, 2021.
UM, WE HAVE A QUORUM OF THE, UH, CORPORATIONS, UH, UH, DIRECTORS HERE.
UH, I WANT TO, UH, CALL SOME PEOPLE THAT HAVE SIGNED UP TO SPEAK.
IS RACHEL STOWED HERE? NO IS, UH, MARK GILBERT EAR DO ORDER SPEAK.
UH, ANYBODY ELSE SIGNED UP TO SPEAK ON THE US ASIC PRODUCTS CORPORATION? I HAVEN'T CALLED.
SO NOW THAT WE'VE CALLED ALL THE SPEAKERS, WE'RE GOING TO RECESS THE AUSTIN HOUSING FINANCE CORPORATION MEETING.
WE'LL RECONVENE IT LATER IN THE DAY TO TAKE, UH, ACTION, UH, AND, UH, HERE AT, UH, 10 45 AND AT 1156, WE'RE GOING TO CONVENE THE AUSTIN RECONVENE.
THEY ALSO HAS A FINANCE CORPORATION, UH, MEETING.
UM, WE HAVE A CORE, UM, UH, PRESENT, UM,
[Consent]
AND WE'RE GOING TO CONTINUE ON.I WANT TO PUT IN THE RECORD THAT THERE'S LATE, UH, UH, UH, BACKUP, UH, ON US AUSTIN HOUSING FINANCE CORPORATION ITEMS ONE, SIX AND EIGHT.
WE HAVE PREVIOUSLY CALLED, UH, ALL OF THE SPEAKERS THAT WANTED TO SPEAK.
YOU WANT TO TAKE US THROUGH THE CONSENT AGENDA? ABSOLUTELY.
MAYOR MANDY DE MAYO AUSTIN HOUSING FINANCE CORPORATION.
THERE ARE NINE ITEMS ON TODAY'S AGENDA.
NUMBER ONE THROUGH FOUR ARE APPROVING INDUCEMENT RESOLUTIONS OR UPCOMING AFFORDABLE HOUSING DEVELOPMENTS.
THE FIRST ONE, THIS IS FOR PRIVATE ACTIVITY BONDS.
THE FIRST ONE IS FOR $25 MILLION OR A PROJECT, A SENIOR PROJECT CALLED PROJECT CREEK CITED IS IN DISTRICT ONE.
AS YOU NOTED PREVIOUSLY, THERE IS LATE BACKUP A MEMO THAT PROVIDES ADDITIONAL CONTEXT FOR THIS ITEM.
ITEM NUMBER SIX THERE RELATED ITEM.
NUMBER TWO IS AN INDUCEMENT RESOLUTION FOR A PROPERTY TO BE DEVELOPED CALLED LIVE, MAKE APARTMENTS THAT'S FOR $9 MILLION.
THAT WILL BE LOCATED IN DISTRICT THREE.
ITEM NUMBER THREE IS AN INDUCEMENT RESOLUTION FOR, UH, $30 MILLION IN PRIVATE ACTIVITY BONDS, UM, FOR A PROJECT TO BE CALLED THE LIBOR TODD AUSTIN.
AND THAT IS LOCATED IN DISTRICT THREE.
ITEM NUMBER FOUR IS AN INDUCEMENT RESOLUTION FOR UP TO $45 MILLION.
THIS IS FOR THE REDEVELOPMENT OF THE RBJ TOWER TO BE KNOWN AS THE REBECCA THAT IS IN DISTRICT THREE.
ITEM NUMBER FIVE IS APPROVING A RESOLUTION APPOINTING ME MANDY TO MAYO TO REPLACE REBECCA GLO FOR A VARIETY OF, UM, EIGHT HFC NONPROFIT CORPORATIONS.
ITEM NUMBER SIX IS APPROVING A RESOLUTION AUTHORIZING THE CREATION OF A NEW NONPROFIT CORPORATION AFFILIATE H H F C ARBORS NONPROFIT CORPORATION.
UM, THIS IS RELATED TO THE ARBORS AT CREEKSIDE SENIOR HOUSING DEVELOPMENT.
AGAIN, THERE IS LATE BACKUP AS YOU NOTED PREVIOUSLY, OR THIS, UM, PROVIDING SOME ADDITIONAL CONTEXT FOR THIS, UH, PROJECT ITEM.
NUMBER SEVEN IS THE SERVICE AGREEMENT, UH, BETWEEN THE CITY OF AUSTIN AND AUSTIN HOUSING FINANCE CORPORATION FOR NEXT FISCAL YEAR, THAT IS RELATED TO CITY COUNCIL ITEM NUMBER 14, WOULD YOU PREVIOUSLY APPROVE THIS MORNING ON CONSENT ITEM NUMBER EIGHT, AS YOU NOTED, HAS BEEN WITHDRAWN AND THERE WAS A LAKE BACKUP MEMO EXPLAINING THAT AND ITEM NUMBER NINE, UH, AS, UH, PUT FORTH IN AN ADDENDUM IS THE EIGHT ACT AMENDED EIGHT H C OPERATING BUDGET FOR THOSE UNCONSENTED.
I'M HAPPY TO TAKE ANY QUESTIONS.
THE CONSENT AGENDA WOULD BE ITEMS ONE THROUGH SEVEN AND APPROVE THE CONSENT AGENDA.
I GOT TO REMEMBER RENT RHEA MAKES THE MOTION COUNCIL MEMBER ALLEN SECONDS AND DISCUSSION THAT'S MEMBER THREE HERE.
I JUST REALLY WANT TO THINK THAT THE STAFF OR HOW THE STAFF OR THIS DID YOU NOTICE THIS, UH, THIS IS GOING TO CREATE A LOT OF REAL DEEP AFFORDABILITY IN MY DISTRICT.
I HAVE TWO PROJECTS, ONE IT ON GARDNER AND THE OTHER ONE ON TILLARY AND, UH, IT, IT, IT'S, UH, AN EXAMPLE OF WHAT WE CAN DO WITH OUR, WITH OUR LAND THAT WE OWN, YOU KNOW, WE'RE OFFERING, THEY'RE GOING TO BE, UH, HOUSING IN THE 50, 40 AND SOME 30% HIM AT FIVE.
SO THIS IS REALLY A GREAT THING AND A REALLY A GREAT FOR, FOR MY DISTRICT OR FOR THE CITY OF AUSTIN TO PROVIDE THE KIND OF LOW REAL DEPO AFFORDABILITY FOR OUR CITIZENS.
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Y'ALL.ANY FURTHER COMMENTS BEFORE WE VOTE THOSE IN FAVOR OF THE CONSENT AGENDA, PLEASE RAISE YOUR HAND.
IT WAS BOSE OUT TO YOUR DAD OF THIS, EVERYONE ON THE DIOCESE WITH, UH, UH, COUNCIL MEMBER, UH, ALTER, UH, OFF THE, UH, OFF THE DAYS, UH, WITH THAT, I THINK WE'VE TAKEN CARE OF ALL OUR BUSINESS LOSSES, SURPRISING CORPORATION.
YOU GUYS ARE ON SCREEN WITH US EVER SO BRIEFLY AS WE GO THROUGH THESE CONSENT ITEMS, PLEASE KNOW THAT WE UNDERSTAND AND APPRECIATE ALL THE WORK THAT ACTUALLY GOES BEHIND.
THESE ARE PRETTY SIGNIFICANT DECISIONS, PRETTY, PRETTY PASSIVE CONTRIBUTIONS AND ASSISTANCE COMING FROM THE CITY REALLY IMPORTANT, UH, AS WE, AS WE MOVE AND HELP FACILITATE AFFORDABLE HOUSING, I THINK THIS STATISTIC, UH, THAT I HAD FOR THE, FOR THE STATE OF THE CITY WAS THAT IN OUR FIRST YEAR, I THINK THERE WERE ZERO PERMIT SUPPORTIVE HOUSING.
THERE WERE BROUGHT IN ON THE SECOND YEAR, LIKE 40, AND WE'VE DONE LIKE 600 IN THE LAST COUPLE OF YEARS.
SO JUST WANT TO ACKNOWLEDGE ALL OF THAT WITH THAT.
UH, THE BEATING OF THE AUSTIN HOUSING FINANCE CORPORATION IS DONE.