Travis County has built about 12,000 affordable housing units and has more on the way, Travis County Corporations Managing Director Andrea Shields told the Commissioners Court last Tuesday. “That number will need to be updated with what you may approve today, but I would say it’s around 12,000 units,” Shields said. In a meeting of […]
Travis County Housing Finance Corporation
According to the county website, “The Travis County Housing Finance Corporation was created in 1980 to assist in meeting the housing needs of low and moderate-income families in Travis County. From time to time, the Corporation provides single-family home ownership (including down payment assistance) opportunities to first time homebuyers who meet certain income requirements. In addition, the Corporation issues tax-exempt bonds to finance the construction or acquisition of multifamily apartments that must provide rental units to certain low and moderate-income families.”
Posted inTravis County
County-supported development brings more multifamily housing to market
The Travis County Commissioners Court on Tuesday authorized final approval on a multifamily housing revenue bond for the Kensington apartments. The property spans 148 units located at 3300 Manor Road. All of the units are intended for those making at or below 60 percent of the area median income, according to county officials. The Travis […]
Posted inDevelopment
Tax break proposal prompts call for changes to county’s public-private partnerships
The Travis County Commissioners Court may consider changes to the county’s affordable housing program to encourage apartment developers to provide more meaningful rent reductions in exchange for property tax abatements. Commissioner Brigid Shea suggested future changes as commissioners deliberated two public-private housing partnerships at their June 29 meeting. Both proposals were postponed to Tuesday’s meeting. […]
Posted inTravis County
Affordable housing project loses momentum
A proposed affordable housing project in northern Travis County is facing stiffening political headwinds thanks to tenacious lobbying from neighbors whose efforts have brought county commissioners to the brink of yanking their support for the project. Acting in their capacity as the Travis County Housing Finance Corporation, the commissioners last Tuesday discussed backing out of […]