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Tag Archives: affordable housing

County approves bond sale to finance Limestone Ridge senior apartments

On Tuesday, the Commissioners Court approved a resolution authorizing the sale of revenue bonds to help finance a multifamily residential development called Limestone Ridge Senior Project. The item was taken up during a Housing Finance Corporation voting session, following the adjournment…

Student commission prepares to tackle affordable housing crisis

On Nov. 5, the College Student Commission voted to create a working group to study the city’s affordable housing crisis, specifically as it affects students.  “I think that anyone who’s living here in Austin knows, we do have an affordable…

City Council to meet for special session on housing supply

City Council is convening Nov. 30 to discuss what Mayor Steve Adler has called one of Austin’s “greatest present challenges” – housing supply. In a City Council Message Board post co-authored with Council Member Alison Alter last Wednesday, Adler outlined…

ZAP votes against rezoning for affordable housing project, the Rhett

The Zoning and Platting Commission Tuesday recommended denying a rezoning for the Rhett, an affordable housing project at 1000 East Yager Lane in North Austin.  The commission’s vote comes as the city falls short on its affordable housing production goals.…

The average monthly rent in Austin is now $1,500. Prices are rising at the fastest pace ever.

Elisa Regulski was getting desperate. The 29-year-old’s lease on an apartment in South Austin was days away from ending, but after putting in half a dozen applications she still didn’t have a place to move. “I wasn’t sleeping very well,”…

City failed to meet its affordable housing goals in 2020

Not one City Council district met its affordable housing production goals for 2020, according to the most recent annual scorecard released by nonprofit HousingWorks Austin. The report comes as soaring rents and home prices drive the need for more affordable…

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ZAP fails to recommend rezoning for 100 percent affordable apartments

A tie vote at the Zoning and Platting Commission last Tuesday means that the rezoning for Fox Hollow, an affordable housing project, goes to City Council without ZAP’s recommendation. Half of the commission sided with neighbors who say the site…

Developer sidesteps valid petition, drawing Council members’ ire

Five City Council members voted against an affordable housing project in Northeast Austin after the developer skirted a valid petition by reducing the requested rezoning area. The case still passed on first reading Thursday, with six votes in favor, but…

Housing affordability report points to a need for greater disbursement 

Austin may look good on paper as one of the hottest housing markets in the country, but a closer inspection of each City Council district reveals a disparate picture of economic vitality, according to the findings of a 2020 report…

With the help of city subsidies, over 3,000 affordable homes are in the pipeline

The Housing and Planning Department presented an update on the city’s development subsidy programs for affordable housing at Tuesday’s Housing and Planning Committee. “We know that it’s not enough, but we are proud of seeing that pipeline get filled,” said…

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…

Report pushes local philanthropies to help solve housing crisis

Austin Community Foundation is encouraging local philanthropic organizations to get more involved in addressing the housing affordability crisis in Central Texas, considered the root cause of the area’s growing homeless population. A recently released report, “Housing Affordability in Central Texas,”…

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