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Loan Agreementpending

town-of-austinagenda2025-05-08_a16.pdf

FC Bloom Housing: $5.5M Multifamily Housing Loan

$5,500,000Town of AustinFC BLOOM HOUSINGMay 8, 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

Approval sought for a $5.5 million loan agreement with FC Bloom Housing for the "Bloom at Lamar Square" multifamily rental development, located near 1326 and 1328 Lamar Square Drive, Austin, Texas 78704. Funding is available in the Capital Budget of the Austin Housing Finance Corporation.

Contract Details

Contract Amount

$5,500,000

Vendor

FC BLOOM HOUSING

Agency

Town of Austin, IL

Contract Type

Loan Agreement

Document Date

May 8, 2025

Contract Term

NA

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