Austin Housing Finance Corporation, March 12, 2026
Approved: $5.5M Loan to Foundation Communities FC Bloom Housing, Approved without objection (consent agenda)
What happened
On March 12, 2026, Austin approved $5.5M Loan to Foundation Communities FC Bloom Housing.
The Austin Housing Finance Corporation board reauthorized a $5,500,000 ROTA program loan to Foundation Communities FC Bloom Housing for a 41-year term, with adjusted MFI levels to accommodate resident relocation during property redevelopment.
- Jurisdiction
- Austin, TX
- Date
- March 12, 2026
- Decisions
- 1 zoning decision
- Outcome
- Approved, Approved without objection (consent agenda)
Free sample: decision 1 of 1
$5.5M Loan to Foundation Communities FC Bloom Housing
Reauthorized negotiation and execution of a $5,500,000 loan through the ROTA program to Foundation Communities FC Bloom Housing. The loan terms include a 41-year affordability period (extended from original 40 years) and adjusted MFI levels to accommodate existing residents during temporary...
Key Decisions (1)
$5.5M Loan to Foundation Communities FC Bloom Housing
Development Activity (1)
FC Bloom Housing Redevelopment
Residential
Market Signals (1)
Housing Demand
Foundation Communities is expanding affordable housing capacity, with MFI adjustments…
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Zoning terms (2)
2 recorded timestamps
- approved (1 timestamps)
- motion to approve (1 timestamps)
Decision moments (1)
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