Notice of Public Hearing
Austin Affordable PFC, Inc. (the "Issuer") will conduct a public hearing on September 22, 2025 at 9:00 A.M. by teleconference with respect to an issue of multifamily housing revenue bonds (the "Bonds") to be issued by the Issuer in one or more series of tax-exempt bonds in an aggregate principal amount not to exceed $10,000,000. The proceeds of the Bonds will be loaned to 1950 Webberville Road (TX) Owner LP (or a related person or affiliate thereof) (the "Borrower"), to finance and/or refinance a portion of the costs of the acquisition and rehabilitation of a multifamily residential rental development to be known as the Heritage Pointe Seniors Apartments (the "Development"), containing approximately 240 units and located at approximately 1950 Webberville Road, Austin, Texas 78721.
The Bonds will be issued pursuant to the provisions of the Texas Public Facility Corporations Act, Local Government Code, Chapter 303, Vernon's Texas Code, as amended (the "Act"). The Bonds are expected to be issued as "exempt facility bonds" for a qualified residential rental project pursuant to Section 142(a)(7) and (d) of the Internal Revenue Code of 1986, as amended (the "Code"). The initial legal owner of the Development will be the Borrower identified above.
The public and interested parties are invited to participate in the public hearing regarding the residential development and the issuance of the Bonds. To join the teleconference, call in toll-free at 1-877-746-4263, Passcode 0235201#. Questions or requests for additional information may be directed to Ms. Suzanne Schwertner, Housing Authority of the City of Austin, 1124 S IH 35, Austin, Texas 78704, (512) 477-4488.
September 10 2025
IPLAAS0100300