Authorize negotiation and execution of a loan agreement and related documents with Verbena Flats LP, or an affiliated entity, in an amount not to exceed $8,000,000 for a multifamily rental development to be known as Verbena Flats, located at or near 1017 West Slaughter Lane, Austin, Texas 78748. Funding: Funding in the amount of $8,000,000 is available in the Fiscal Year 2025-2026 Capital Budget of the Austin Housing Finance Corporation using 2022 General Obligation Bonds.
26-1409 · Consent · Passed