The Austin Housing Trust Fund supports the development and rehabilitation of owner occupied homes, rental housing development, and acquisition of property for use as affordable housing.
The Austin City Council dedicates 40 percent of City property tax revenues from the developments that have been built on previously City-owned land towards affordable housing. The Trust Fund was established in 1999, and the City Council seeded the fund with $1 million annually for three years to jumpstart it.
Since its inception, the HTF has funded nearly $12.2 million in rental housing and $2.4 million in ownership housing development. Housing Trust Fund dollars have historically been used as part of a multi-layered funding strategy to fund affordable units, so they leverage local, federal, and private sources to create units.
Here is a list of developments that have included funding from the Housing Trust Fund.