Dangling the Carrot

Most affordable housing in Austin is built through two major federal programs:

- The Austin Housing Finance Corp. issues tax-exempt bonds and extends the low-interest loans to rental property developers, who agree to designate 20-30% of their units for tenants earning no more than 80% of the area median income.

- The Texas Dept. of Housing and Community Affairs allots federal tax credits to developers, which can then be sold to corporations to raise equity for projects. Developers agree to provide at least 40% of rental units to low-income households.

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for almost 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

Support the Chronicle  

NEWSLETTERS
One click gets you all the newsletters listed below

Breaking news, arts coverage, and daily events

Can't keep up with happenings around town? We can help.

Austin's queerest news and events

New recipes and food news delivered Mondays

All questions answered (satisfaction not guaranteed)

Information is power. Support the free press, so we can support Austin.   Support the Chronicle