Austin Housing Finance Corporation board approves a package of loans and funding for affordable housing projects

The Austin Housing Finance Corporation board adopted an 11‑item consent package on April 9 that authorizes loans, capital contributions and an amendment to a local housing‑voucher agreement intended to support affordable and supportive housing across the city.

Nicole Jocelyn, housing and community development officer for Austin Housing, reviewed the package, which included: loan authorizations not to exceed $150,000 and $135,000 for Guadalupe Neighborhood Development Corporation projects at Vargas Road and Father Joe Zenotas (District 3); a $6.4 million loan for an ownership development known as Ada Anderson Place (District 1); a loan to Austin Habitat for Humanity not to exceed $4.7 million for Goodnight Ranch (District 2); an amended loan adding $2,135,500 (bringing the Johnny Limon Village total to $5,000,000); a $2.5 million capital contribution to repay seller financing at the Preserve at Central Park; and loans for multifamily developments including South First Affordable Apartments (up to $4.95 million) and Verbena Flats (up to $8 million).

The AHFC package also included a proposed amendment to the local housing voucher administration agreement to add $6 million, bringing the total agreement amount to roughly $20–21.76 million for an initial 12‑month term with renewal options. Several items will use Project Connect or 2022 GO bond funds.

The AHFC board moved and approved the consent package without objection; the board then adjourned. The transcript does not record a roll‑call tally for each item; financing documents and recorded loan agreements will be available in AHFC backup materials.