The Austin Housing Finance Corp. board of directors approved funding for two new affordable housing developments in Austin on Aug. 31. The developments will bring 160 supportive housing units to City Council District 3.
According to a city news release, the two multifamily rental developments—The Roz and The Sasha—received local and federal support, including:
- Distributions of the city's voter-approved 2022 housing bond
- 9% low-income housing tax credits, or federal tax credits taken by developers in exchange for building low-income rental projects
The details
According to the news release, the properties are expected to begin leasing in fall 2025.
