Austin housing board authorizes $3.5 million loan for Sunday Village senior property

The Austin Housing Finance Corporation board of directors voted on March 26 to authorize a $3,500,000 loan to National Church Residences for Sunday Village, a senior housing project in District 4, the board’s staff told members.

Nicole Jocelyn, the housing and community development officer for Austin Housing, presented the consent item and said, “The item is to authorize a loan for to the National Church residences in the amount of $3,500,000 for Sunday Village, which is formerly known as Arbors At Creekside.” She described the project as “a senior property with a 176 units” and said it is a public partnership with the Austin Housing Finance Corporation.

The Chair announced that the motion to adopt the consent item was made by board member Siegel and seconded by board member Cadrey. The Chair stated the motion was adopted “without objection.” The Chair also noted that Board Member Lane was participating remotely. Meeting minutes did not record an individual roll-call vote tally in the transcript and did not indicate any dissents.

Jocelyn identified affordability targets in her presentation, but the recording’s wording on the mix was unclear: she said, “It has 35%, 40% median family income units and 88%, 50% median family income units.” That phrase was recorded verbatim in the transcript and could not be reliably parsed from the audio; the precise distribution of unit counts by percentage of area median family income was not specified in the record.

The board held no further discussion, and the Chair adjourned the meeting at 01:13 p.m. No additional actions or follow-up steps were announced in the transcript.