Posting Language
Title
Authorize 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 an amount not to exceed $1,292,971.
De
Lead Department
Austin Housing Finance Corporation.
Fiscal Note
Funding in the amount of $1,292,971 is available in the Fiscal Year 2023-2024 Austin Housing Finance Corporation Operating Budget.
For More Information:
Rosie Truelove, 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:
December 8, 2022 - The Austin Housing Finance Corporation (AHFC) Board approved an 11-month contract with Housing Authority of the City of Austin (HACA) in the amount of $1,264,779.
December 9, 2021 - AHFC Board approved an 11-month contract with HACA in the amount of $1,133,205.
December 10, 2020 - AHFC Board approved a 10-month contract with HACA in the amount of $1,140,849.
September 19, 2019 - AHFC Board approved a one-year contract with HACA in the amount of $626,954.
September 19, 2019 - AHFC Board approved a one-year contract with HACA in the amount of $508,411.
Additional Backup Information:
If approved, AHFC would be authorized to execute a contract with HACA to administer the Tenant-Based Rental Assistance (TBRA). 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 addresses including those in both the City's full purpose and extr...
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