May 04, 2023 12:40 pm
PUBLIC HEARING NOTICE REGARDING THE ISSUANCE OF BONDS
The Austin Housing Finance Corporation (the "Issuer") will hold a public hearing at 10:30 a.m. on May 18, 2023, at 301 W. Second Street, Austin, Texas 78701.
Among the items to be discussed will be an amendment to the Funding Loan agreement related to the issuance by the Issuer of bonds (the "Bonds") the proceeds of which were loaned to Govalle Terrace Partners, L.P., a Texas limited partnership, or an affiliate of Govalle Terrace Partners, L.P. (the "Borrower"), to provide permanent financing for the acquisition and construction of an approximately 97 unit multi-family residential project to be known as Los Portales de Lena Guerrero f/k/a Govalle Terrace located at 5225 Jain Lane (the "Project") for individuals and families of low and moderate income.
The face amount of the Bonds is anticipated to be $9,600,000. All interested parties are invited to submit written comments to the Issuer prior to the time set for the public hearing or to attend the public hearing and express any comments they may have regarding the Project or the Bonds.
Speaker registration information will be the same as for the regular City Council meeting, and instructions will be available on the Council Meeting Information Center Home website.
AUSTIN HOUSING FINANCE CORPORATION
Mr. James May
The Street-Jones Building
1000 East 11th Street, 2nd Floor
Austin, TX 78702