Austin Housing Finance Corporation Board Meeting Minutes November 2025
AHFC approves payoff of Villa del Rey loan
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Description
The Austin Housing Finance Corporation Board approved payment of up to $2,428,685 to Broadway National Bank for the remaining balance of a commercial loan to AHFC Villa Del Rey Non-Profit Corporation. The loan financed acquisition and repairs for the Villa del Rey multifamily apartment complex, with funds coming from the 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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