Posting Language
Title
Approve an ordinance amending the Fiscal Year 2024-2025 Housing Department Operating Budget Special Revenue Fund (Ordinance No. 20240814-007[AG1]) to accept and appropriate $6,728,249 in grant funds from the United States Department of Housing and Urban Development's PRO Housing Grant Program to update the Strategic Housing Blueprint, expand housing in high-opportunity areas, and prioritize transit-oriented development and preservation of affordable housing near planned light rail investments. Funding: $6,728,249 is available from the United States Department of Housing and Urban Development's PRO Housing Grant Program. A City match of $21,329,962 is required that includes $18,500,000 provided by the Austin Housing Finance Corporation through previously appropriated acquisitions and $2,829,962 in staff time from the City's Housing and Planning Departments over a six-year period.
De
Lead Department
Housing Department.
Fiscal Note
Funding in the amount of $6,728,249 is available from the United States Department of Housing and Urban Development's PRO Housing Grant Program. A City match of $21,329,962 is required that includes $18,500,000 provided by the Austin Housing Finance Corporation through previously appropriated acquisitions and $2,829,962 in staff time from the City's Housing and Planning Departments over a six-year period. A fiscal note is attached.
Prior Council Action:
August 14, 2024 - Council approved the Fiscal Year 2024-2025 Housing Department Operating Budget.
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091; Alex Zamora, Chief Administrative Officer - Financial Services, Housing Department, 512-974-3151.
Additional Backup Information:
If approved, this action will accept and appropriate $6,728,249 in funds from the United States Department of Housing and Urban Development's PRO Housing Grant Program. This program is designed to further develop, evaluate, and implement housing policy...
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