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Tag Archives: Austin Housing Finance Corporation

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…

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…

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…

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…

Featured Collection: Austin Energy 2022 rate case

Austin Energy ramps up outreach for proposed rate changes

Austin Energy has entered the public hearing phase of its base rate review process, following its proposal to raise service costs. The monthslong dialogue with stakeholders and city staff, slated for resolution by City Council in November, has surfaced predictable…

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…

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…

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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…

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…

Austin Police Department Budget, 2012-2022

During the 2020-21 budget process, City Council cut $31.5 million from APD’s budget, citing the protests and “community outcry against the disproportionate impact of police violence on Black Americans, Latinx Americans and other non-white ethnic communities,” according to the approved…

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…

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…

Fate of Crestview land parcel remains in limbo

Though the fate of an Austin Energy-owned parcel of land in the Crestview neighborhood remains uncertain, there was an update about 6909 Ryan Drive last month. Planning and Development Review Department Director Greg Guernsey wrote the Dec. 10 memo that provided…

Scheduling delays affordable housing approval

An affordable housing project in North Austin will have to wait a little longer for official city approval. Though the Austin Housing Finance Corporation board of directors seemed poised to approve the project last Thursday, a procedural absurdity held up…

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