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Austin City Council weighing $64 million in bonds for affordable housing

So far, funding has been approved for at least one new community.

AUSTIN, Texas — The Austin City Council is taking steps toward approving funds that would help create hundreds of affordable housing units across the area.

According to Austin Business Journal, last week, council members discussed getting up to $64 million worth of bonds for three new housing developments.
These include an East Austin multifamily development called Libertad Austin at Gardner, a North Austin project called the Espero at Rutland and a development called City Heights, which is set for southeast Austin.

The three projects could add nearly 500 affordable units and will be available to low-income families and people experiencing homelessness.

So far, councilmembers have only approved funding for Libertad Austin at Gardner.

To read the full report, click here.

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