Voters approved $300 million of anti-displacement funding in November 2020 as part of Project Connect. The City will invest these funds over 13 years. The chart below outlines the anticipated investments each year.
Current Anti-Displacement Funding
Funding recommendations for years 3-5 were presented to City Council by the Project Connect Community Advisory Committee. The recommendations were approved on April 6, 2023. The chart below shows the allocations that will be made between 2023 and 2025. Stay tuned to this page for updates on these investments.
3 years total: 2023-2025 ($75 million) |
|
|---|---|
| Land acquisition, preservation and rehabilitation | $43,000,000 |
| Affordable housing development | $14,000,000 |
| Programs and other strategies addressing immediate needs | $14,000,000 |
| Staffing, community engagement and marketing | $4,000,000 |
* Staffing, community engagement and marketing listed separately from pie chart funding summary above.
Project Connect Anti-Displacement Dashboard
Following Council Resolution 20200807-003, the Housing Department’s Displacement Prevention Division took the lead in the development of the Project Connect Anti-Displacement Dashboard to show and track the spending of the $300 million anti-displacement funds that were approved by the voters in 2020. The Dashboard currently tracks the spending of the funds allocated to fiscal years 2020 – 2022; a total of $65 million for: land development ($21 million), land acquisition ($23 million), and other anti-displacement strategies through the Community-initiated Solutions programs ($20 million).
The Project Connect Anti-Displacement Dashboard tracks the spending of the Project Connect anti-displacement funds to date. This information is compiled and displayed in this tracking digital dashboard, represented by the image below.
*When you click on the link make sure to toggle between the two dashboard windows, using the arrows at the bottom of the screen. Dashboard will be updated monthly.
Previous Anti-Displacement Funding Investments
- Years 1 & 2
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Initial investments for years 1 and 2 were divided into three focus areas:
- $23 million for Land Acquisition
- $20 million for Community Initiated Solutions
- $21 million for Land Development
- Community Initiated Solutions
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In 2022, $20 million of anti-displacement funding became available for ideas from the community that focused on the needs of vulnerable neighborhoods. The Housing and Planning Department invited nonprofit organizations and partnerships to apply for funding that would support initiatives designed to prevent the displacement of renters and homeowners and create economic mobility opportunities. Learn more about the 12 organizations selected to receive Community Initiated Solutions funding.
- Land Development
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$21 million of anti-displacement funding was allocated to support the acquisition, rehabilitation, and construction of affordable housing. The funds provided private and nonprofit developers with state tax incentives and bonds and were administered through the City’s Rental Housing Development Assistance (RHDA) and Ownership Housing Development Assistance (OHDA) programs.
Development Name Location Amount Highland Studios 5900 Airport Blvd. $816,331 Libertad Austin @ Gardner 900 Gardner Road $4,500,000 Parker Apartments 2105 Parker Lane $5,563,669 Pathways @ Rosewood Courts 2001 Rosewood Ave. $9,200,000 Loyola 5301 Loyola Lane $920,000 To learn more about these projects, visit the Project Connect Spending Dashboard.
- Land Acquisition
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$23 million of anti-displacement funding was available for land acquisition. This included $8 million in loans to eligible 501c3 nonprofit organizations through our new Community Acquisition Program to preserve and develop affordable housing as well as purchase small sites for future development. Applications opened in December 2021 and will remain open until all funds have been allocated. Remaining funds were used by Austin Housing Finance Corporation to acquire multifamily properties and extend or preserve affordability along project connect lines.
Development Name Location Amount Midtown Flats 615 W. St Johns Ave. $63, 852.17 City View at the Park 200 Woodward St. $2,600,000 SOCO 121 121 Woodward St. $4,720,000 Garcreek Acquisition 8402 Garcreek Circle $458,000 To learn more about these projects, visit the Project Connect Spending Dashboard.
Los votantes aprobaron $300 milliones de fondos de anti-desplazamiento en noviembre de 2020 como parte de Project Connect. La Ciudad invertirá estos fondos en los próximos 13 años. La tabla a continuación muestra las inversiones anticipadas cada año.
Financiamiento actual contra el desplazamiento
El Comité Consultivo Comunitario de Project Connect presentó al Cabildo Municipal recomendaciones de financiamiento para los años 1 a 3. Las recomendaciones se aprobaron el 6 de abril del 2023. El siguiente diagrama muestra las asignaciones que se realizarán entre los años 2023 y 2025. Esté atento a esta página para actualizarse sobre estas inversiones.
Total de 3 años: 2023-2025 ($75 millones) |
|
|---|---|
| Adquisición de terrenos, preservación, y rehabilitación | $43,000,000 |
| Desarrollo de vivienda asequible | $14,000,000 |
| Programas y otras estrategias que toman en cuenta necesidades inmediatas | $14,000,000 |
| Asignar personal, participación comunitaria, y marketing | $4,000,000 |
Financiamiento previo contra el desplazamiento
- Años 1 y 2
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Inversiones iniciales para los años 1 y 2 fueron divididas en tres áreas de enfoque:
- $23 millones para Adquisición de Terrenos
- 20 millones para Soluciones Iniciadas por la Comunidad
- $21 millones para Desarrollo Terrenal
- Soluciones iniciadas por la comunidad
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En el 2022, $20 millones de fondos contra el desplazamiento se hicieron disponibles para ideas de la comunidad que se enfoquen en las necesidades de vecindarios vulnerables. El Departamento de Vivienda y Planificación Urbana invito a organizaciones sin fines lucrativos y asociaciones para que soliciten fondos que apoyaran incentivas diseñadas para prevenir el desplazamiento de personas que rentan y dueños de vivienda y crear oportunidades de avanzar económicamente.
- Desarrollo urbano
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$21 millones de fondos para prevenir el desplazamiento fue otorgado para apoyar la adquisición, rehabilitación, y construcción de vivienda asequible. Los fondos proveyeron a promotores de desarrollo urbano del sector privado y sin fines de lucro con incentivos de impuestos estatales y bonos que fueron administrados a través de los programas para la asistencia para renta de vivienda urbana (RHDA, por sus siglas en inglés) y la asistencia para dueños de vivienda urbana (OHDA, por sus siglas en inglés). Proyectos que recibieron fondos incluyen:
Nombre del desarrollo Ubicación Cantidad Highland Studios 5900 Airport Blvd. $816,331 Libertad Austin @ Gardner 900 Gardner Road $4,500,000 Parker Apartments 2105 Parker Lane $5,563,669 Pathways @ Rosewood Courts 2001 Rosewood Ave. $9,200,000 Loyola 5301 Loyola Lane $920,000 To learn more about these projects, visit the Project Connect Spending Dashboard.
- Adquisición Terrenal
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$23 millones de fondos para prevenir el desplazamiento fue otorgado la adquisición terrenal. Esto incluye $8 millones en prestamos a organizaciones que son elegibles bajo la sección 501 c3 a través de nuestro nuevo programa de adquisición comunitaria para preservar y desarrollar vivienda asequible al igual que comprar sitios pequeños para desarrollo en el futuro. Las solicitudes se usaron por la corporación financiera de vivienda de Austin para adquirir propiedades multifamiliares y extender o preservar asequibilidad a lo largo de Project Connect. Adquisiciones que usaron los fondos incluyen:
Nombre del desarrollo Ubicación Cantidad Midtown Flats 615 W. St Johns Ave. $63, 852.17 City View at the Park 200 Woodward St. $2,600,000 SOCO 121 121 Woodward St. $4,720,000 Garcreek Acquisition 8402 Garcreek Circle $458,000 To learn more about these projects, visit the Project Connect Spending Dashboard.