Posting Language
Title
Authorize negotiation and execution of an amendment to the agreement with the Housing Authority of the City of Austin to fund and administer the Tenant-Based Rental Assistance Program, which provides housing opportunities through subsidies to individuals and families experiencing homelessness, to increase the amount of the contract by $1,419,448 for a revised total contract amount not to exceed $2,838,896. Funding: $1,419,448 is available in the Fiscal Year 2026-2027 Operating Budget of the Austin Housing Finance Corporation contingent upon funding from the HOME Investment Partnership Program. Funding for the remaining contract term is contingent upon available funding in future budgets.
De
Lead Department
Austin Housing.
Fiscal Note
Funding in the amount of $1,419,448 is available in the Fiscal Year 2026-2027 Operating Budget of the Austin Housing Finance Corporation contingent upon funding from the HOME Investment Partnership Program. Funding for the remaining contract term is contingent upon available funding in future budgets.
For More Information:
Deletta Dean, Treasurer, Austin Housing Finance Corporation, 512- 978-1410.
Council Committee, Boards and Commission Action:
August 28, 2025 - The Austin Housing Finance Corporation (AHFC) Board authorized negotiation and execution of a one-year contract with the Housing Authority of the City of Austin (HACA) to fund and administer the Tenant-Based Rental Assistance (TBRA) Program, which provides housing opportunities through subsidies to individuals and families experiencing homelessness, in an amount not to exceed $1,419,448, with four one-year extension options contingent upon the availability of funds in future years through the HOME Investment Partnership Program.
May 8, 2025 - The AHFC Board authorized negotiation and execution of a one-year contract with HACA to fund and administer the TBRA Program, which provides housing opportunities through subsidies to families and individuals experiencing homelessness, in an amount not to exceed $1,280,112, with four one-year extension options, each in an amount not to exceed $1,280,112, for a total contract amount not to exceed $6,400,560.
March 7, 2024 - The AHFC Board approved the negotiation and execution of an amendment to the agreement with the HACA to fund and administer the Homeless Assistance/TBRA Program in an amount not to exceed $175,000, for a total contract amount not to exceed $1,467,971.
December 14, 2023 - The AHFC Board approved a 12-month contract with HACA in the amount of $1,292,971.
December 8, 2022 -The AHFC Board approved an 11-month contract with HACA in the amount of $1,264,779.
December 9, 2021 - The AHFC Board approved an 11-month contract with HACA in the amount of $1,133,205.
December 10, 2020 - The AHFC Board approved a 10-month contract with HACA in the amount of $1,140,849.
September 19, 2019 - The AHFC Board approved a one-year contract with HACA in the amount of $626,954.
September 19, 2019 - The AHFC Board approved a one-year contract with HACA in the amount of $508,411.
Additional Backup Information:
If approved, the AHFC would be authorized to negotiate and execute an amendment to the agreement with the HACA to fund and administer AHFC’s Homeless Assistance/Tenant-Based Rental Assistance Program, which provides housing opportunities through subsidies to individuals and families experiencing homelessness, to increase the amount of the contract by $1,419,448 for a revised total contract amount not to exceed $2,838,896. This amendment and increase in the contract amount are contingent upon approval of the Fiscal Year 2026-2027 Annual Action Plan and funding from the HOME Investment Partnership Program.
The TBRA Program provides rental housing subsidies and security deposits to eligible individuals and families who would otherwise be homeless. To be eligible for the program, households must be working towards self-sufficiency with a case manager and have a total household income at or below 50 percent of the Median Family Income for the Austin-Round Rock-San Marcos Metropolitan Statistical Area according to the U.S. Department of Housing and Urban Development . The TBRA Program will serve all City of Austin addresses including those in both the City’s full purpose and extra-territorial jurisdictions. Individuals and families can receive assistance through the TBRA Program for up to 24 months. Each household will pay no more than 30 percent of its monthly income towards rent. The TBRA Program will pay the difference between what the household can afford and the actual rent amount. As a household's income increases, the amount paid by the Program decreases accordingly. All payments made by the TBRA Program are paid directly to the landlord.
HACA has more than 25 years of experience with providing tenant-based rental assistance services. HACA verifies client and property eligibility, manages leasing terms, and makes rental subsidy payments directly to landlords each month. HACA also serves as a liaison between clients and landlords to ensure that landlords understand clients are only eligible for tenant-based rental assistance so long as the household meets regulatory and program requirements. This program will serve up to 65 households.
Source of Funding: HOME Funds