Developers invited to Jan. 18 meeting to give input on current process.
The City of Austin’s Department of Neighborhood Housing and Community Development (NHCD) invites both non-profit and for-profit developers to meet on January 18 to suggest improvements to the current application processes for Housing Developer Assistance Programs to build affordable housing.
Scheduled for 9 am to 11 am at the NHCD Offices, 1000 East 11th Street, the meeting likely will be the first of several in the coming months, said Mandy DeMayo, NHCD Community Development Administrator.
“It has been a few years since we engaged stakeholders to update the guidelines and scoring criteria for the Rental Housing Development Assistance and Acquisition and Development programs,” said DeMayo. “Since then, we have received a number of new priorities from City Council, as well as the adoption of the Austin Strategic Housing Blueprint. It’s time to revisit guidelines and scoring in order to reflect our community priorities.”
The purpose of the Housing Developer Assistance Programs is to provide favorable loan terms to expand supply of affordable rental housing for low-income households, and to increase the availability of transitional and permanent supportive housing and meet the city’s affordable housing objective.
Funding can be used for activities to increase the supply of affordable housing for low-income households and persons with special needs, including land acquisition, new construction, acquisition of existing housing, or rehabilitation of existing housing.