Austin's City Council is throwing its support behind six affordable housing projects. This move is all about helping them snag federal cash, which could mean more affordable homes for folks in the city.
At a glance
Rising — being discussed more frequently. 3 mentions in the last 30 days, 3 the 60 before, 2 the 90 before that.
The contract will increase by $1,419,448, with a new total not to exceed $2,838,896.
Individuals and families experiencing homelessness in Austin.
No groups negatively affected
More than $114 million in housing tax credits will help finance 70 affordable rental developments across Texas, creating or preserving 4,400 homes.
Austin opens city's first carless, affordable condo community Planetizen
Austin opens city's first first carless, affordable condo community Planetizen
The city is increasing funding for rental subsidies to help people experiencing homelessness find housing. This is a key part of the city's strategy to address the local homelessness crisis.
Austin's building boom fails to reach the poorest residents Planetizen
The city is supporting the rehabilitation of an existing affordable housing complex through bond financing. This aims to preserve housing options for residents and improve the property.
The board approved a significant loan increase for the La Vista de Lopez apartments. This funding aims to support the development of rental housing, but a resident raised concerns about the cost per unit and affordability for seniors.
The board is deciding on multiple loan agreements and a property transfer to fund the creation of new affordable housing units. This includes both ownership and rental properties across different parts of the city.
$26.8 Million Awarded to Build and Preserve Affordable Housing in Austin City of Austin (.gov)
Austin's Homeless Strategy Office unveils strategic plan to combat homelessness through 2027 KVUE
Austin Habitat for Humanity - City Partnership Remains Committed to Providing Affordable Housing City of Austin (.gov)
6 Affordable Housing Proposals Receive Support from Austin City Council for Competitive LIHTC Funding Applications City of Austin (.gov)
$46.1 Million Approved to Build and Preserve Affordable Housing in Austin City of Austin (.gov)
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