Posting Language
Title
Conduct a public hearing and consider a resolution related to an application by Roers Austin Apartments Owner V LP, or an affiliated entity, for 4% Non-Competitive Housing Tax Credits for the construction of a multifamily development to be financed through the private activity bond program and to be known as Decker Lane Apartments, located at or near 7400 Decker Lane, Austin, Texas 78724. Funding: Approving this resolution does not constitute any obligation of the City with respect to funding. This resolution will support the applicant's application for federal Housing Tax Credits.
De
Lead Department
Austin Housing
Fiscal Note
This item has no fiscal impact. Approving this resolution does not constitute any obligation of the City with respect to funding. This resolution will support the applicant's application for federal Housing Tax Credits.
For More Information:
Deletta Dean, Director, Austin Housing, 512-978-1410
Additional Backup Information:
This action conducts a public hearing on an application that will be, or has been, submitted to the Texas Department of Housing and Community Affairs. The applicant, Roers Austin Apartments Owner V LP, or an affiliated entity, seeks funding for the development through 4% Non-Competitive Housing Tax Credits (4% HTCs) and private activity bonds. After the public hearing, Council will consider a resolution related to the proposed application. The property is located within the City in Council District 1.
Proposed Development
Roers Austin Apartments Owner V LP and an affiliate of Austin Affordable Housing Corporation are planning to construct a 202-unit multifamily development to be located at or near 7400 Decker Lane, Austin, Texas 78724. The target population for the development is the general population. The development will include 41 units affordable to households earning at or below 50 percent of the Area Median Family Income (MFI), and 161 units affordable to households earning at or below ...
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