Overview of Duties
The Austin Housing Finance Corporation (AHFC) was created in 1979 as a public, nonprofit corporation and instrumentality of the City of Austin under the provisions of the Texas Housing Finance Corporation Act, Chapter 394, and Local Government Code. The Austin City Council serves as the AHFC’s Board of Directors.
The mission of the AHFC is to generate and implement strategic housing solutions for the benefit of low- and moderate- income residents of the City of Austin. The AHFC's primary functions are to:
- Issue single-family and multi-family bonds for the financing of reasonably priced housing
- Assist the City in the delivery of reasonably priced housing programs using HOME Investment Partnerships (HOME) and Community Development Block Grant (CDBG) funds granted to the City by the U.S. Department of Housing and Urban Development (HUD)