Anti-Displacement Funding

$20 million is available for ideas that come from the community and focus on the needs of vulnerable neighborhoods. Nonprofit organizations and partnerships can apply for funding that will support initiatives designed to prevent the displacement of renters and homeowners and create economic mobility opportunities.

Community Initiated Solutions Review Process

We are currently in the review process of the Community Initiated Solutions applications. The review process consists of three steps:

Completeness Check​: Applications were pre-screened by staff to ensure minimum requirements were met.  ​

Community Evaluation Panel​: Applications were reviewed by a community evaluation panel composed of practitioners, academics, and stakeholders from communities most impacted by displacement. The panels reviewed and scored proposals using evaluation criteria informed by the Nothing About Us Without Us report and tool. The review panels provided a list of scored, ranked proposals to a working group of the CAC.​

Review Panel​: A working group of the Community Advisory Committee will consider balances between funding categories and recommend proposals for funding to AHFC Board for final approval.

$21 million will support the acquisition, rehabilitation, and construction of affordable housing. The funds will provide private and nonprofit developers with state tax incentives and bonds and be administered through the City’s Rental Housing Development Assistance (RHDA) and Ownership Housing Development Assistance (OHDA) programs. This funding is expected to be available in May 2022.  

Apply for Development Assistance

Council has approved the allocation of $21 Million from Project Connect for R/OHDA projects. The available funds add to other anti-displacement initiatives and advance the city’s commitment to key housing challenges and to reducing transit-induced displacement pressures as part of Project Connect. Projects must be within one mile of a Project Connect transit corridor and include a policy for tenant or owner selection to prioritize persons that have been or are currently at risk of displacement. Developers wishing to access this fund must complete the Racial Equity component of the R/OHDA application.

Visit the Rental/Ownership Development Assistance web page.

$23 million is available for land acquisition. This includes $8 million in loans to eligible 501c3 nonprofit organizations through our new Community Acquisition Program to preserve and develop affordable housing as well as purchase small sites for future development. Applications opened in December 2021 and will remain open until all funds have been allocated. Remaining funds will be used by Austin Housing Finance Corporation to acquire multifamily properties and extend or preserve affordability along project connect lines.

Apply for land acquisition and affordable land development funding

The Project Connect Anti-Displacement Community Acquisition Program provides zero percent interest forgivable and non-forgivable loans that are available on a rolling basis: to 501c3 non-profits with experience renovating, constructing, leasing, and selling affordable housing in Austin  for the acquisition of vacant and improved property one acre or less in size, to be developed, renovated, leased, and sold as affordable housing to Low-Income households  in gentrifying areas no more than one mile from a proposed Project Connect bus or rail line.
 
Organizations interested in applying for funding should adhere to the program’s guidelines(PDF) and submit a completed application(XLSM) to HousingDevelopment@AustinTexas.Gov. 
Questions regarding this Program may be made to HousingDevelopment@AustinTexas.Gov. 
 
This program is funded with Project Connect Anti-Displacement Funds approved by city voters as Proposition A on November 3, 2020. The City Resolution that created the Contract with the Voters for Proposition A may be found here: 
 
Funds for this Program are available for qualified non-profits for the 2021- 2022 fiscal year.