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Housing Application Center
Housing Developer Assistance
Housing Developer Assistance programs offer assistance to for- and non-profit developers to create affordable housing. Community input and data analysis affirms the need for more rental and homeownership housing for low- and moderate-income households in Austin.
The most significant way the City creates this housing is through gap financing to housing developers to create affordable housing. The city continues to explore and use every funding and regulatory tool available to assist in the creation of these units. This includes not only using federal funding sources, such as the Community Development Block Grant and HOME, but also issuing tax-exempt bonds as well as the $55 million in General Obligation Bonds passed by Austin voters in 2006.
The City also encourages creation of affordable housing through incentives, such as fee waivers, expedited review of projects, and density and height bonuses, for developers to build a portion of their market rate projects as affordable.
Links to blank application forms and scoring criteria for both Rental Housing Development Assistance funds and Acquisition and Development (homeownership project) funds are provided below as well as the Program Guidelines for each.
Rental Housing Development Assistance
Acquisition and Development Program (Homeownership)
Rental Housing Development Assistance
Fiscal Year 2011 - 2012
| Project | Organization | Status | Return on Investment |
|---|---|---|---|
| Blackland CDC Eight Unit New Construction | Blackland Community Development Corp. | Received | |
| Guadalupe-Saldana 8 Stacked Units | Guadalupe Neighborhood Development Corp. | Received | |
| Guadalupe-Jeremiah Community Center | Guadalupe Neighborhood Development Corp. | Received | |
| Green Doors | Approved | ||
|
ESCT Austin Housing IV, Inc. |
Easter Seals of Central Texas | Approved | |
|
Gaston Place |
Accessible Housing Austin! Inc. | Withdrawn | |
|
The Works at Pleasant Valley |
LifeWorks | Received | |
| East 7th Street TOD Housing: The Guad TOD | Guadalupe Neighborhood Development Corp. | Received | |
| Austin Senior Living | Cadence Multifamily, LLC | Received | |
| Foundation Communities | Received | ||
| Mueller Place | Foundation Communities | Withdrawn | |
| Dessau Road Project | Green Doors | Received | |
| Pecan Springs Commons, Phase III | Green Doors | Approved | |
| The Waters at Willow Run | Atlantic Housing Foundation | Ineligible | |
| Songhai at West Gate | Songhai Development Co., LLC | Received |
Homeownership - Acquisition and Development Program (ADP)
Fiscal Year 2011 - 2012
| Project | Organization | Status | Return on Investment |
|---|---|---|---|
| Guadalupe-Saldana Affordable Homes Subdivision Infrastructure Phase II | Guadalupe Neighborhood Development Corp. | Received | |
| Guadalupe-Saldana Net Zero Subdivision 4 Units | Guadalupe Neighborhood Development Corp. | Received | |
| 807 Waller Ownership Project | Guadalupe Neighborhood Development Corp. | Received | |
| The Village on 12th | Pegasus Planning and Development, LLC | Received | |
| Chicon Corridor | Chestnut Neighborhood Revitalization Corp. | Approved | |
| Riverside Villas | PeopleTrust, Inc. | Approved |
FY 2011-2012 Funding Recommendations:
Feb. 2, 2012
Austin Housing Finance Corporation announces funding recommendations
The following information pertains to Fiscal Year 2012 funding recommendations for the Rental Housing Development Assistance Program and the Acquisition and Development Program. The Austin Housing Finance Corporation (AHFC) will coordinate a future Worksession with AHFC Board Members. Once confirmed, the date will be published on this Web page.
The Housing Bond Review Committee is scheduled to review the applications recommended for G.O. Bond Funds at 3 p.m. on February 6, 2012. The meeting is open to the public and will be at the Neighborhood Housing and Community Development Office, 1000 E. 11th Street, 400A.
- Memorandum to the Austin Housing Finance Corporation Board Members
- Rental Housing Development Assistance Program Evaluation Summary
- Acquisition and Development Program Evaluation Summary
- Applications Analysis
Community Housing Development Organizations (CHDO)
- CHDO Operating Expenses Program Application
- CHDO Operating Expenses Program Guidelines
- CHDO Certification Application
Developer Incentive-Based Programs
- S.M.A.R.T. HousingTM Application
- S.M.A.R.T. HousingTM Guide
Bond Financing
- Multi-Family Bond Application
Homebuyer Assistance
With the tightening credit market and the vulnerability of low-income and minority households to sub-prime loans and loan denials, Austin continues to prioritize assistance to renters who wish to become homebuyers. Homebuyer counseling for current renters provides education on the steps necessary to purchase a home and protection from sub-prime mortgages and foreclosure. In addition, the City provides foreclosure prevention counseling to current homeowners at risk of losing their homes.
The City also provides Down Payment Assistance in the form of loans to qualifying low- and moderate-income homebuyers to help them buy their first homes. The Housing Market Study found that the median home price in Austin in 2008 was $240,000 and only an estimated 13 percent of renters could afford the median priced for sale unit in 2008. To respond to the growing gap of affordable housing, the City now offers down payment assistance of up to $40,000, as a deferred, 30-year, zero percent interest loan, with a shared-equity provision that ensures the City recaptures some of the large investment in that home.
Down Payment Assistance Program (DPA)
NHCD Homes for Sale
- Frontier at Montana Subdivision: Contact Property Agent, 512-974-3176
- HousingSmarts Homebuyer Education Program
Homeowner Assistance
Administering programs that allow homeowners to stay in their homes provides many benefits for the Austin community. Homeowner Assistance provides services for low and moderate-income individuals who own their homes, but need assistance to make them safe, functional, and/or accessible.
Rehabilitation and repair programs decrease the need to create additional affordable housing that may have been required if the household was unable to stay in their home. Assistance provided includes emergency home repairs, substantial home rehabilitation, architectural barrier removal for the disabled and elderly, and funding the necessary materials for home repairs provided through local volunteer programs. These services not only help current low-income homeowners, but also improve the available stock of housing in the community. These programs also counteract gentrification by allowing current homeowners to stay in their homes, instead of selling or moving because they can not afford to make the necessary repairs or improvements.
Architectural Barrier Removal Program (ABR)
General Obligation Bond Home Repair Program (G.O. Repair)
Homeowner Rehabilitation Loan Program (HRLP)
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