Posting Language
Title
Approve a resolution related to an application by LDG Kingswood, LP, or an affiliated entity, for housing tax credits for a multi-family development of approximately 328 units to be financed through the private activity bond program and to be known as Kingswood, located at or near 13411 FM Road 812, Austin, Texas, 78617, within the City's extraterritorial jurisdiction.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
October 5, 2023 - Council approved a resolution consenting to the issuance, by Austin Affordable PFC, Inc., an affiliate of the Housing Authority of the City of Austin (HACA), in an amount not to exceed $50,000,000 in multi-family private activity bonds to finance, in part, the new construction of an affordable rental development located at or near 13411 FM Road 812, Austin, Texas, 78617.
March 25, 2021 - Council approved a resolution related to an application by LDG Kingswood, LP, or an affiliated entity, for housing tax credits for a multi-family development to be financed through the private activity bond program and to be known as Kingswood, located at or near 13411 FM Road 812, Austin, Texas 78617, within the City's extraterritorial jurisdiction.
For More Information:
Rosie Truelove, Director, Housing Department, 512-974-3064; Mandy DeMayo, Deputy Director, Housing Department, 512-974-1091.
Additional Backup Information:
LDG Kingswood, LP, or an affiliated entity, seeks funding for the development through 4% Low Income Housing Tax Credits (4% LIHTCs) and private activity bonds. Council previously conducted a public hearing and approved a resolution of no objection related to the proposed development and the application for 4% LIHTCs. This action considers an additional resolution which specifies that the City contains more than twice the state average of units per capita supported by 4% LIHTCs. The property is located within the City's extraterritorial jurisdic...
Click here for full text