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Tag Archives: affordable housing
City aims to fast-track displacement prevention program as Covid-19 destabilizes residents
The Neighborhood Housing and Community Development Department is attempting to accelerate progress on the first effort of its Displacement Prevention programs as more households find themselves unable to pay monthly rent or home mortgages due to Covid-19. Erica Leak, policy…
Housing • By Ryan Thornton • Apr 14, 2020
Workforce housing group raising funds to assist residents in need
The nonprofit group Affordable Central Texas is looking to raise $125,000 to assist residents in the three apartment complexes owned by the Austin Housing Conservancy Fund, which was created to preserve workforce housing in the Austin area. The ACT Together…
Housing • By Chad Swiatecki • Apr 6, 2020
Fannie Mae award will bring services to Montopolis affordable housing project
The federal housing lender Fannie Mae has awarded $555,000 to a local affordable housing nonprofit to help add health care and educational services to a project that will bring 90 new housing units to the Montopolis neighborhood. The Guadalupe Neighborhood…
Housing • By Chad Swiatecki • Jan 21, 2020
Council looks at legal options after appeals court throws out housing voucher challenge
Members of City Council have criticized a recent decision by the 5th U.S. Circuit Court of Appeals to throw out the city’s lawsuit against state Attorney General Ken Paxton over a state law passed in 2015 that prevents cities from…
Courts • By Chad Swiatecki • Dec 11, 2019
Workforce housing conservancy lands first bank investor, with $500,000 pledged
A $500,000 investment from Texas Capital Bank, announced last week, marks the first money from a large financial institution put into a fund created to preserve workforce housing units around Austin. In addressing the investment in the Austin Housing Conservancy…
Housing • By Chad Swiatecki • Dec 10, 2019
Affordability committee moves forward as Realtor group sounds home price alarm
Members of the Regional Affordability Committee are continuing their work updating the group’s strategic plan for improving housing options, while another group tied to the Austin housing market has called for decisive action to keep housing prices from growing at…
Housing • By Chad Swiatecki • Dec 4, 2019
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ULI sees progress on affordability, with drawbacks, in latest LDC draft
Urban Land Institute Austin has weighed in on the draft Land Development Code, with a white paper that asserts the city’s proposed changes in housing types, design standards and affordable housing programs won’t go far enough to add enough new…
Housing • By Chad Swiatecki • Dec 2, 2019
Anti-displacement advocates seek $2 billion from tech giants to fund housing
A new consortium of community activists has challenged Austin’s biggest technology employers to step forward with $2 billion to fund programs and nonprofits committed to fighting displacement of working-class residents. The Development Without Displacement Coalition held its first press conference…
Housing • By Chad Swiatecki • Nov 21, 2019
Apartment owners, managers learn about options for voucher users in housing crunch
Owners and managers of rental properties throughout Austin recently met with representatives from local housing organizations to learn about the options for making housing units available for those at risk of becoming homeless. An Oct. 31 panel organized by the…
Housing • By Chad Swiatecki • Nov 14, 2019
Planning Commission links impervious cover to affordable housing
The Land Development Code draft relies heavily on expanded affordable housing bonus opportunities to reach its nearly 400,000-unit capacity. Altogether, the bonuses would net just under 180,000 units, with about 9,000 of those income-restricted. But site regulations like impervious cover…
Land Development Code • By Ryan Thornton • Nov 8, 2019
Council OKs tax credits for affordable housing
Council gave its blessing Thursday to an application for low-income housing tax credits issued through the Texas Department of Housing and Community Affairs, for the redevelopment of a 62-unit affordable housing project to be known as the Oaks on North…
Housing • By Jo Clifton • Nov 4, 2019
Affordable housing takes a few steps forward
Housing prices continue to climb in Austin as more people move to the music and tech mecca of Texas. According to Zillow, the median home value in Austin is $372,200, while the median list price is $399,000. In adopting its…
