Austin Housing Finance Corporation Board Meeting Minutes May 2025
AHFC Loan Approved for Lamar Square Phase I
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Description
The Austin Housing Finance Corporation Board approved a loan agreement with Mary Lee Foundation for up to $4.5 million to support the Lamar Square Phase I – MLF multifamily rental development. The project will be financed through AHFC’s capital budget to expand affordable housing near Lamar Square Drive.
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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