Item AHFC010 Passed 10-0
Authorize negotiation and execution of a loan agreement and related documents with Verbena Flats LP, or an affiliated entity, in an amount not to exceed $8,000,000 for a multifamily rental development to be known as Verbena Flats, located at or near 1017 West Slaughter Lane, Austin, Texas 78748. Funding: Funding in the amount of $8,000,000 is available in the Fiscal Year 2025-2026 Capital Budget of the Austin Housing Finance Corporation using 2022 General Obligation Bonds.
The roll call
Approved 10-0
- Kirk Watson Mayor Yes
- Natasha Harper-Madison D1 Yes
- Vanessa Fuentes D2 Yes
- José Velásquez D3 Absent
- 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