Posting Language
Title
Conduct a public hearing and consider a resolution related to the allocation of housing tax credits and private activity bonds and the application by TX Clayton 2024, Ltd., or an affiliated entity, for a proposed development financed through the private activity bond program and known as Cameron HiLine located within the city of Austin at or near 1120 and 1124 Clayton Lane, Austin, Texas 78723.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
February 15, 2024 - Council set a public hearing for February 29, 2024, regarding an application by TX Clayton 2024, Ltd., or an affiliated entity, for housing tax credits for an approximately 227-unit multi-family development to be financed through the private activity bond program and to be known as Cameron HiLine located within the City of Austin at or near 1120 and 1124 Clayton Lane, Austin, Texas 78723, within the City.
June 16, 2022 - Council approved an ordinance amending City Code Title 25 by rezoning property locally known as 1120 and 1124 Clayton Ln. from Community Commercial-Mixed-Use-Conditional Overlay-Neighborhood Plan (GR-MU-CO-NP) Combining District to Community Commercial-Mixed-Use-Vertical Mixed Use Building-Conditional Overlay-Neighborhood Plan (GR-MU-V-CO-NP) Combining District.
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091; Angela Means, Interim Deputy Director, 512-974-1534.
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, TX Clayton 2024, Ltd., or an affiliated entity, seeks funding for the development through 4% Low Income Housing Tax Credits (LIHTCs) and private activity bonds. After the public hearing, Council will consider a resolution of no objection to the proposed application. The property is located within Council District 4...
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