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Council awards $15M for affordable housing

Monday, August 12, 2019 by Tai Moses

Council has approved $15 million in funding for eight new housing developments that will contain about 300 affordable units. A variety of local and federal sources contributed to the funding of the developments. More than $5.8 million came from the 2018 Affordable Housing Bond; $7 million from fees collected from developer incentive programs; and $2.2 million was federal grant funding from HUD. Rosie Truelove, the director of Neighborhood Housing and Community Development, said in a city news release, “Council’s approval demonstrates a continued commitment to addressing the issues of affordable housing in Austin. By leveraging the city’s resources in collaboration with community nonprofit and for-profit developers, community advocates, and service providers, we continue to make progress.” The eight projects are:

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