Authorize negotiation and execution of all documents and instruments necessary or desirable for AHFC Central Housing Non-Profit Corporation to make a capital contribution to Central Housing, LP, or an affiliated entity, in an amount not to exceed $2,500,000, for repaying a portion of the seller financing at the Preserve at Central Park, located at or near 6008 and 6010 North Lamar Blvd., Austin, Texas 78752. Funding: Funding in the amount of $2,500,000 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Housing Finance Corporation using Project Connect Funds.
26-1404 · Consent · Passed