Approve a resolution authorizing the issuance of Austin Housing Public Facility Corporation’s Multifamily Mortgage Revenue Note (Escuela Nueva) Series 2024A-1 and Multifamily Mortgage Revenue Note (Escuela Nueva) Series 2024A-2 in an aggregate principal amount up to $35,000,000 to Escuela Nueva LLC, or an affiliated entity, to finance the construction of a multifamily housing development to be known as Escuela Nueva located within the city of Austin at or near 2013 Montopolis Drive, Austin, Texa
Introduced May 2, 2024
What This Means
This resolution would authorize the issuance of Multifamily Mortgage Revenue Notes for up to $35 million to finance the construction of the Escuela Nueva multifamily housing development in Austin.
Plain language summary generated by AI · Civitics
Community Position
Community Comments
Comment Period
This proposal is not currently open for public comment.