Description
Title: Authorize the sale of the St. John site located at 800 E. St. Johns Avenue, Austin, Texas 78752, as two separate parcels after subdivision being the St. John North Property and the St. John South Property (collectively the Properties), for multifamily residential and retail development, to South Congress Public Facility Corporation, an entity created under Chapter 303, Texas Local Government Code, which is an affiliate of and is controlled by the Housing Authority of the City of Austin (HACA), and to satisfy the requirement that the developments on the Properties be approved by the governing b
Summary
The City of Austin is considering legislation to authorize the sale of the St. John site at 800 E. St. Johns Avenue, subdividing it into two parcels—St. John North and St. John South—for multifamily residential and retail development. The sale will be made to the South Congress Public Facility Corporation, an entity affiliated with the Housing Authority of the City of Austin (HACA). This action follows prior approvals from the City Council and aims to meet legal requirements under Texas Local Government Code. The developments will maintain a 60-year affordability term, extendable to 99 years, which is crucial for addressing housing needs in the area. The legislation ensures compliance with local governance and promotes equitable access to housing solutions.