Posting Language
Title
Approve an ordinance recertifying Guadalupe Neighborhood Development Corporation as a Community Land Trust and granting the corporation a property tax exemption on certain properties. Funding: The tax exemption covers the City portion of property taxes, resulting in unrealized revenue, and will aid in the development and preservation of long-term affordable housing.
Body
Lead Department
Austin Housing.
Fiscal Note
The tax exemption covers the City portion of property taxes, resulting in unrealized revenue, and will aid in the development and preservation of long-term affordable housing.
Prior Council Action:
May 24, 2012 - Council approved Ordinance No. 20120524-020 establishing the exemption from City of Austin ad valorem taxes for organizations designated as Community Land Trusts.
June 16, 2016 - Ordinance No. 20160616-011 designated two organizations as community land trusts, granting them exemptions from 2016 City of Austin ad valorem taxes.
June 8, 2017 - Ordinance No. 20170608-013 designated two organizations as community land trusts, granting them exemptions from 2017 City of Austin ad valorem taxes.
June 14, 2018 - Ordinance No. 20180614-024 designated two organizations as community land trusts, granting them exemptions from 2018 City of Austin ad valorem taxes.
July 28, 2022 - Ordinance No. 20220728-063designated two organizations as community land trusts, granting them exemptions from 2022 City of Austin ad valorem taxes.
August 31, 2023 - Ordinance No. 20230831-036 designated one organization as a community land trust, granting them exemptions from 2023 City of Austin ad valorem taxes.
August 28, 2025 - Ordinance No. 20250828-068 designated one organization as a community land trust, granting them exemptions from 2025 City of Austin ad valorem taxes.
For More Information:
Deletta Dean, Director, 512-978-1410.
Additional Backup Information:
If approved, this action will enact an ordinance recertifying the Guadalupe Neighborh...
Click here for full text