Austin Housing Finance Corporation Meeting Minutes May 2025
Loan Approved for Lamar Square Phase I MLF Project
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Description
The Austin Housing Finance Corporation approved negotiating and executing a loan agreement with Mary Lee Foundation for up to $4,500,000 to finance the Lamar Square Phase I - MLF multifamily rental development. The project will be situated at or near 1326 and 1328 Lamar Square Drive using AHFC capital funds.
Contract Details
Contract Amount
Not to exceed $4,500,000
Vendor
MARY LEE FOUNDATION
Agency
City of Austin city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 8, 2025
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