Posting Language
Title
Authorize the negotiation and execution of a contract with the Housing Authority of the City of Austin to fund and administer the Homeless Assistance/Tenant-Based Rental Assistance Program, which provides housing opportunities through subsidies to individuals experiencing homelessness, in a total contract amount not to exceed $1,280,112.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
Funding in the amount of $1,280,112 is available in the Fiscal Year 2024-2025 Austin Housing Finance Corporation Operating Budget.
For More Information:
Mandy De Mayo, Treasurer, Austin Housing Finance Corporation, 512-974-3064.
James May, Housing and Community Development Officer, Housing Department, 512-974-3192.
Council Committee, Boards and Commission Action:
March 07, 2024 - The Austin Housing Finance Corporation (AHFC) Board approved the negotiation and execution of an amendment to the agreement with the Housing Authority of the City of Austin to fund and administer the Homeless Assistance/Tenant-Based Rental Assistance Program in an amount not to exceed $175,000, for a total contract amount not to exceed $1,467,971.
Additional Backup Information:
If approved, AHFC will be authorized to negotiate and execute an agreement with the Housing Authority of the City of Austin (HACA) to administer the Tenant-Based Rental Assistance (TBRA) program in an amount not to exceed $1,280,112.
The TBRA program provides rental housing subsidies and security deposits to eligible 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 Austin area Median Family Income (currently $58,400 for a family of four). The TBRA program will serve all City of Austin addresses, including those in both the City's full purpose and extra-territorial jurisdictions.
Families can receive assistance through ...
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