This is a list of the projects approved by the Austin Housing Finance Corporation in 2007-2009 Return on Investment Developments.
Here are the projects ranked in order of the highest amount to the lowest.
Here is the list of the Applicants who received the awards with each of their projects listed under their names.
The City of Austin voters approved a $55 million bond package for affordable housing on November 7, 2006. The extraordinary resources have enabled Austin to make great strides in addressing affordability. After three years of an initial seven-year program, 84 percent of General Obligation housing bonds have been expended and/or committed. Austin’s return on investment has resulted in 2,066 affordable units for rental and homeownership opportunities.
Austin’s Housing Continuum remains an important tool for classifying housing needs and serves as a key policy tool to educate the community on housing solutions in Austin. The City funds programs and activities along the “steps” of the continuum. Other public and private sector partnerships are needed to provide the full spectrum of services– that ultimately moves an individual to self sufficiency.
The median divides the income distribution into two equal parts: one-half of the cases falling below the median income and one-half above the median. The U.S. Department of Housing and Urban Development (HUD) uses the median income for families in metropolitan areas to calculate income limits for eligibility in a variety of housing programs. View .the income limits (median family income) for Austin.