AHFC board authorizes acquisition of 4800 Bohm Road as part of consent agenda

The Austin Housing Finance Corporation Board of Directors adopted a two-item consent agenda on July 23, authorizing AHFC to acquire the property at 4800 Bohm Road from the City of Austin in an amount not to exceed $3,950,000 using 2022 general obligation bonds. The motion to approve the consent agenda was made by Board member Lane and seconded by Board member Ellis; the Chair adopted the consent agenda without objection. Board member Fuentes was absent.

Nicole Joslin, Housing and Community Development Officer for Austin Housing, presented the consent items and summarized the acquisition proposal: "This will be an acquisition from the City of Austin to AHFC in an amount not to exceed $3,950,000 utilizing 2022 GO bonds." There were no follow-up questions from board members recorded in the transcript. After public comment, the board moved immediately to the motion and approved the items as presented. The AHFC meeting was adjourned at 11:17 AM.