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FINANCIAL_SERVICESAPPROVED

Austin Housing Finance Corporation Board Meeting Agenda November 2025

AHFC to Pay Off Villa del Rey Loan Balance

Not to exceed $2,428,685City of Austin cityBROADWAY NATIONAL BANKNovember 6, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Austin Housing Finance Corporation Board is asked to authorize payment of up to $2,428,685 to Broadway National Bank to retire the remaining balance on a commercial loan used to acquire and repair the Villa del Rey multifamily complex. The payment will be funded from the corporation’s FY 2025-2026 Capital Budget.

Contract Details

Contract Amount

Not to exceed $2,428,685

Vendor

BROADWAY NATIONAL BANK

Agency

City of Austin city, TX

Contract Type

FINANCIAL_SERVICES

Document Date

November 6, 2025

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