Authorize negotiation and execution of a loan agreement and related documents with Bailey at Stassney, LP, or an affiliated entity, in an amount not to exceed $5,600,000, for a multifamily rental development to be known as Bailey at Stassney, located at or near 400 and 404 West Stassney Lane, Austin, Texas 78745. Funding is available in the Austin Housing Finance Corporation’s Fiscal Year 2025 Capital Budget.
25-0499 · Consent · Passed