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Tag Archives: Austin Housing Finance Corporation

Council vote could help secure tax credits for seven projects with affordable units

On Thursday, City Council will consider resolutions of support for seven affordable housing developments seeking funding through the state’s 9 percent Low-Income Housing Tax Credit (LIHTC) program. If approved, items 16-22 on the agenda will be included in developers’ applications…

Housing • By Chad Swiatecki • Feb 12, 2025

City starting over on Ryan Drive redevelopment project

The city appears ready to hit the reset button on the redevelopment of its Ryan Drive property in North Austin, more than a year after selecting a development team that appeared ready to move the project forward. Last month the…

Development • By Chad Swiatecki • Jul 11, 2023

Nonprofit groups getting $20M in Project Connect funds to prevent displacement

The city has named the 14 nonprofit organizations that will use $20 million in funds from Project Connect to enact community-level programs to prevent displacement as the massive transit system moves forward. Last week, the city’s Affordable Housing Finance Corporation…

Planning • By Chad Swiatecki • Oct 4, 2022

City formulates $98 million financing plan to cover Colony Park gap

The city is asking Travis County to contribute $30 million to the development costs of the Colony Park planned unit development in Northeast Austin, part of a proposed financing package of $98.8 million needed to complete the project. A city…

Development • By Chad Swiatecki • Jul 6, 2022

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Over 200 affordable homes planned on city-owned property in East Austin 

An affordable housing project called the Libertad is set to bring over 200 affordable homes to city-owned property in East Austin.  The project at 900 Gardner Road will be built on a vacant, 8.5-acre slice of a larger property that…

Zoning • By Jonathan Lee • Mar 11, 2022

The battle for 3000 Funston Street

What does a house interrupted look like? On a small piece of land in West Austin, you can see the answer: Wooden boards form a rectangle in the center of the lot meant to case a foundation, but it’s a…

Housing • By Audrey McGlinchy, KUT • Sep 13, 2021

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Espero at Rutland offers hope for the homeless

At next week’s meeting, City Council, acting as the board of directors of the Austin Housing Finance Corporation, is expected to approve funding for a 171-unit supportive housing development at 1934 Rutland Drive. In building and operating Espero at Rutland, AHFC…

Housing • By Jo Clifton • May 26, 2021

Foundation Communities gets $1.5M, seeks more to fund affordable housing projects

A pair of affordable housing apartment complexes from Foundation Communities have received $1.5 million in subsidies to help pay for their construction costs and cover part of a remaining fundraising gap. Wells Fargo and the Federal Home Loan Bank of…

Housing • By Chad Swiatecki • Apr 23, 2021

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Affordable housing bond to help create cooperative housing mobile home park

After five years of protesting increased housing costs and poor property management, City Council has approved a $2.5 million loan agreement so that residents of North Lamar Mobile Home Park in District 4 may purchase the land under their homes…

City Council • By Ryan Thornton • May 15, 2020

Govalle neighborhood looks for compromise in affordable housing project

The city of Austin owns 5 acres of land on three adjacent properties at 1127-1131 Tillery St. Two of those acres are home to a grove of pecan trees that some in the neighborhood worry are in danger of being…

Housing • By Jessi Devenyns • Apr 29, 2020

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…

Housing • By Jo Clifton • Oct 10, 2019

City tightens standards for housing development assistance loans

The Austin Housing Finance Corporation plans to be more selective with loan applications and partnerships for its Rental Housing Development Assistance and Ownership Housing Development Assistance programs in the coming years. The programs offer loans to developers promising housing units…

Housing • By Ryan Thornton • Aug 15, 2019

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