Item AHFC002 Passed 10-0
Approve an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to $33,000,000 in private activity volume cap multifamily non-recourse bonds to Elm Ridge Preservation, LP, or an affiliated entity, for a proposed rehabilitation of an affordable multifamily development known as Elm Ridge Apartments, located at 1190 Airport Boulevard, Austin, Texas 78702. Funding: Up to $33,000,000 of private activity bonds may be issued by the Austin Housing Finance Corporation for this development. These bonds are not obligations of Austin Housing Finance Corporation or the City of Austin, and the full faith and credit of the City of Austin is not pledged to repay these bonds.
The roll call
Approved 10-0
- Kirk Watson Mayor Yes
- Natasha Harper-Madison D1 Yes
- Vanessa Fuentes D2 Absent
- José Velásquez D3 Yes
- José "Chito" Vela D4 Yes
- Ryan Alter D5 Yes
- Krista Laine D6 Yes
- Mike Siegel D7 Yes
- Paige Ellis D8 Yes
- Zohaib "Zo" Qadri D9 Yes
- Marc Duchen D10 Yes