City Council to consider possible new affordable housing bond

Possible funding solutions and information about affordable housing issues, including a potential bond, will again be brought to the Austin City Council by city staff after council unanimously approved a resolution to receive the information.

City Manager Marc Ott said at the Jan. 17 meeting that staff would report back to council on a variety of affordable housing topics while taking into account the council's past actions, including identifying up to $10 million for short-term funding opportunities as well as finding long-term opportunities through the state's Housing Trust Fund.

"Of course, we'd work with our housing department to once again assess need and the range of affordable housing [programs] that would be addressed by such a bond initiative and answer the questions also that are in this resolution," Ott said.

Other aspects the resolution asks the city manager to address include an update on plans for tax ratification and bond elections from other governmental jurisdictions within the city, timing and deadlines for possible bond elections, practices of other cities, and information on national and statewide approaches to affordable housing.

Councilwoman Laura Morrison said she was hesitant about some language in the resolution that directed the city manager to "take preliminary steps to authorize an election."

"I just want to make sure we don't go down the road of getting things in place for an election before we know when that election is going to be because we haven't made that decision yet," Morrison said.

Morrison, who made a few amendments to the resolution, said she wanted to make sure the resolution took into consideration other factors outside of just a possible bond.

"For me, it was important that we make sure that it's not just about 'Let's do a bond,' and that we have a broader conversation," she said.

Mayor pro tem Sheryl Cole said she felt it was important to have direction about taking preliminary steps for an election in the resolution to show the seriousness of the council's intent on the subject, but said she also understood the need to look at issue with a holistic scope.

"I think it's really important that we recognize when we're dealing with the issue of affordable housing now that there will be near-term and long-term solutions, and they're not in competition with each other," Cole said. "The city has made a deep commitment to affordable housing and we're simply looking for ways to try to honor that commitment, and at the same time recognize and respect what the voters have said."

SHARE THIS STORY


MOST RECENT

Affordable housing complex on I-35 now open

Aria Grand Apartments, a 70-unit affordable housing complex at 1800 S. I-35, Austin, celebrated its grand …

Courtesy Jet
Electric motorbike company Jet opens in South Central Austin

Jet, a local business that rents and sells electric motorbikes and offers tours around Austin, opened Dec. 20 …

Garrett Leight California Optical now open on South Congress

Garrett Leight California Optical opened its fifth store at 1333 S. Congress Ave., Ste. 120, Austin, in …

Austin City Council is poised to make a final vote on the land development code rewrite by early April. (CHRISTOPHER NEELY/COMMUNITY IMPACT NEWSPAPER)
Austin’s eight-year effort to rewrite land code advances to final vote with City Council's second-round approval

A majority of Austin City Council voted in favor of the land development code rewrite, setting the stage for a final vote on a project that has exhausted the community for roughly eight years.

Early voting for the March primary election runs from Feb. 18 through Feb. 28. (Emma Freer/Community Impact Newspaper)
MAP: Find your early voting locations in Central Austin

The early voting period for the March 3 primary election begins Feb. 18 and ends Feb. 28.

Easy Tiger announced Mike Stitt (right) as its news CEO. He will lead the bakery along with founder and head baker David Norman (left). The restaurant will open a location on South Lamar Boulevard in winter 2020. Courtesy Easy Tiger.
Bake shop and beer garden Easy Tiger to open in South Austin

Easy Tiger will open a third location in the former Red's Porch space in South Austin.

Lammes Candies has a shop off Anderson Lane. (Amy Denney/Community Impact Newspaper)
Lammes Candies celebrates 135 years and 5th anniversary of North Austin shop

Lammes Candies opened its Anderson Lane shop five years ago.

Courtesy Poke Austin
Six restaurants coming soon to Central Austin

Houston restaurant Local Foods and Reunion 19 from Los Angeles chef Esdras Ochoa will be opening soon.

Courtesy TenTen
11 restaurants that recently opened in Central Austin

New options include the second location for Little Deli & Pizzeria and Tiff's Treats Cookie Delivery expanding to Oltorf Street

The U.S. Centers for Disease Control and Prevention confirmed the first case of COVID-19 in San Antonio on Feb. 13. The case is the 15th known COVID-19, commonly referred to in recent weeks as coronavirus, infection in the United States so far. (Courtesy Adobe stock photos)
The first coronavirus case in Texas was just confirmed. Here is what Austinites need to know about the virus

The U.S. Centers for Disease Control and Prevention confirmed the first case of COVID-19 in San Antonio this morning, according to a news release from the federal agency.

SuperShuttle of Austin rebrands to Carter Transportation of Austin

SuperShuttle of Austin rebranded as Carter Transportation Austin as of Dec. 16 after the SuperShuttle parent …

The Troubadour. Rendering Courtesy Wayfinder Real Estate
New apartment building The Troubadour breaks ground along I-35

Austin-based developer Wayfinder Real Estate broke ground on The Troubadour, a 321-unit apartment building in …

Back to top