Item AHFC005 Passed 11-0
Authorize negotiation and execution of a loan agreement and related documents with Waverly North, LLC, or an affiliated entity, in an amount not to exceed $5,500,000 for a multifamily rental development to be known as Waverly North, located at or near 3710 Cedar Street, Austin, TX 78705. Funding: $3,273,000 is available in the Fiscal Year 2024-2025 Capital Budget of the Austin Housing Finance Corporation through 2022 GO Bonds. $2,270,000 is available in the Fiscal Year 2024-2025 Operating Budget of the Austin Housing Finance Corporation through Project Connect.
The roll call
Approved 11-0
- Kirk Watson Mayor Yes
- Natasha Harper-Madison D1 Yes
- Vanessa Fuentes D2 Yes
- 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