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Austin’s high quality of life drives much of its population and economic growth, including its booming tourism industry and ability to attract talent and investment.
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.
