The 'Affordability Unlocked' Development Bonus Program waives or modifies some development restrictions in exchange for providing low- and moderate-income housing. The program is designed to increase the number of affordable housing units being developed in Austin and fully leverage public resources by allowing housing providers to build more units in their developments when significant amounts of affordable housing are included.
Austin is home to many, from folks with deep roots in Austin’s culture to multi-generational families. Austin is uniquely Austin because of the people who live here. Some homeowners may be feeling financial stress. Some may be feeling pressured from aggressive real estate investors and changing neighborhoods. What can they do?
This is a shortlist of some of the tools, resources, and organizations that may help.
Strategic Housing Blueprint Briefing Book Available
The City of Austin has an opportunity to help an underserved East Austin community create a vibrant plan for more than 200 publicly-owned acres in Colony Park.
The Neighborhood Housing and Community Development Office (NHCD) administers policies and supports nonprofits that take actions to affirmatively further fair housing choice and fair lending practices.
The Neighborhood Housing and Community Development Department and the Austin Housing Finance Corporation (AHFC—a public, nonprofit corporation of the City of Austin) use funding tools and regulatory incentives to encourage both for-profit and non-profit developers to create affordable housing. Both funding and/or regulatory incentives support developers to create affordable multi-family or single-family housing.
The Austin Housing Trust Fund supports the development and rehabilitation of owner occupied homes, rental housing development, and acquisition of property for use as affordable housing.
The Austin City Council dedicates 40 percent of City property tax revenues from the developments that have been built on previously City-owned land towards affordable housing. The Trust Fund was established in 1999, and the City Council seeded the fund with $1 million annually for three years to jumpstart it.
Long-term housing generally refers to home ownership, whether it be individual homes or subdivisions, or multi-unit properties (e.g., duplexes, condominiums, etc.). Availability of reasonably priced housing can be important to ensuring the affordability in communities citywide. The City of Austin strategically provides resources to help in the construction and preservation of such housing, as outlined below:
Under the State of Texas 2020 Qualified Allocation Plan (QAP), 4% Tax Credit Applicants seeking an award of Low Income Housing Tax Credits must include one or more Resolutions from the local governing body with their application to Texas Department of Housing and Community Affairs (TDHCA). The current applications for the City of Austin applications are below.
|Application Number||Development Information Packet or Application Withdrawn||
Mortgage Fraud Protection
Buying a home can be one of the most important financial transactions a person makes in their lives. Choosing the right mortgage lender and real estate professionals is essential to that transaction. Unfortunately, some unscrupulous individuals and institutions, including mortgage brokers, real estate appraisers, or real estate agents, may take advantage of vulnerable homebuyers by misleading them about key information like the value of the home to be purchased or the terms of the loan.
Commercial revitalization creates opportunities in the East 11th Street and 12th Street corridors, which has led to an improved and culturally rich area. Businesses located in the two commercial/retail buildings provide services and opportunities for private investment.
The revitalization effort uses a combination of federal, local and private resources to improve the quality of life for the community. The redevelopment plan, which has been the instrument in the revitalization area, is slated for completion in 2018.
Ending homelessness with a sensible, safe, stable housing approach.
NHCD’s Planning, Policy and Outreach (PPO) division works city-wide planning initiatives to increase housing affordability and conducts community outreach, educational forums, citizen engagement, and research on housing and community development issues impacting the City of Austin.
Resources for Contractors
NHCD utilizes qualified housing and/or HVAC contractors for the Housing Rehabilitation, architectural barrier removal, and sewage drain lateral lines. NHCD’s Construction Division also conducts HQS (Housing Quality Standards) and Lead Inspections as part of the DPA and home repair programs. The division also oversees home rehabilitation/repairs and all new construction that NHCD/AHFC funds.
Neighborhood Housing and Community Development (NHCD) manages a number of programs and partnerships with area homebuilders and nonprofit agencies to help eligible Austinites achieve home ownership. Programs include:
The City has several programs for homeowners needing affordability and renovation assistance to stay in their homes and to avoid foreclosure. As increasing numbers of homeowners face financial pressures—in both the short or long term—the Austin is My Home website suggests several governmental and nonprofit resources that may be able to help find ways to meet mortgage payments, avoid foreclosure, or keep up on property taxes.
Home Repair and Accessibility Modification
The Relief of Emergency Needs for Tenants (RENT) Assistance Program provides full rent payment for income-eligible Austin renters financially impacted by COVID-19. The program will provide direct rent relief of $12.9 million between August 2020 and January 2021 or until funds are depleted.
City of Austin and Section 3
NHCD manages a number of projects for the Austin community, including acting as receiving agent for U.S. HUD funding, directing commercial and urban revitalization to underserved areas, and improving the quality of life for the community.