East Austin housing zone plan projects $173.7M for affordability through 2035

Austin Housing asks the City Council to approve a final financial plan for another 10 years of Homestead Preservation Reinvestment Zone No. 1 in East Austin. The zone is projected to generate about $173.7 million through 2035, with at least $138.96 million for affordable housing programs, up to $17.37 million for city administration and up to $17.37 million for housing organizations’ administration. Council is scheduled to consider the plan Nov. 19; the source does not include a vote.

Approve the Final Amendment to the Project and Financial Plan for the Extension for the 10-year extension of Homestead Preservation Reinvestment Zone Number One. Funding: This item has no fiscal impact.

Nov 19, 202626-3099: Approve the Final Amendment to the Project and Financial Plan for the Extension for the 10-year extension of Homestead Preservation Reinvestment Zone Number One. Funding: This item has no fiscal impact.Source documentPDF 1PDF 2PDF 3PDF 4