$350M affordable housing bond for Austin

$350M affordable housing bond OK'd for November ballot

bizjournals bizjournals | 1 year ago

Austin City Council on July 28 approved putting an affordable housing bond package on the November ballot, asking voters to consider authorizing $350 million in funding in a city beset with rapidly rising real estate prices and rents. It would be the largest bond of its kind up for a vote in city history.

Austin OKs $350M affordable housing bond

bizjournals bizjournals | 1 year ago

Austin voted in favor of a $350 million affordable housing bond Tuesday night. This is the city’s largest housing bond to date. For an owner of a $400,000 home, that would mean an increase in your annual property tax bill of about $53, according to the city. For landowners, developers and affordable housing players, it also means business opportunities tied to one of Austin's biggest economic threats. The city of Austin Proposition A reads: “The issuance of $350,000,000 in tax-supporte...

Mayor Breed-backed affordable housing measure to appear on November ballot

bizjournals bizjournals | 1 year ago

The measure, which would grant streamlined approval to qualifying residential projects, may face a challenge in a competing measure that could appear on the same ballot.

Calls mount for $300M affordable housing bond in Austin

bizjournals bizjournals | 1 year ago

A majority of Austin City Council members have added their voices to calls for the city to put a $300 million affordable housing bond package on the November ballot. During a July 21 launch event for the campaign at the Jordan at Mueller, an affordable apartment community in North Austin, government and nonprofit leaders expressed support for the effort. Meanwhile, the Save Austin Now PAC came out against the idea, saying it would make the city less affordable by issuing more debt. Dive into the...

Kansas City opens applications for grants backing affordable housing projects, as $50M ballot measur...

bizjournals bizjournals | 1 year ago

Kansas City recently appropriated nearly $8 million from its Housing Trust Fund to support construction or preservation of 500 affordable housing units. Officials now anticipate making more than $10 million available through a second application round.

Denver Housing Market Update November 2021

homie homie | 2 years ago

Seasonality has hit and the red-hot market is slowing down but still fast paced in comparison to previous years. The post Denver Housing Market Update November 2021 appeared first on Homie Blog.

How to prepare for increased affordable housing demand

mrisoftware mrisoftware | 4 years ago

If you’re not in the affordable housing space today, you might be soon. With rent control legislation gaining traction and rent increases still outpacing buying power, it’s time for all multifamily property owners to recognize the growing significance of affordable housing. Increased demand may soon reshape the real estate industry, based on these facts and … Continued The post How to prepare for increased affordable housing demand appeared first on MRI Software.

Another pivotal moment for affordable and public housing

mrisoftware mrisoftware | 3 years ago

The Coronavirus pandemic offers a stark reminder – no matter how much we plan, unexpected and life-altering events are inevitable. Unforeseen change can be healthy. It can pave the way for personal growth and help us realize opportunities once considered unimaginable. Alternatively, change can cause long-term disruption especially for people who lack the resources and … Continued The post Another pivotal moment for affordable and public housing appeared first on MRI Software.

Simplify rent payments for affordable and public housing

mrisoftware mrisoftware | 3 years ago

Affordable and public housing organizations are beginning to see the benefits of flexible electronic rent payments. Multifamily operators have been providing digital payment options to residents for many years, and while the affordable and public housing sector has a higher rate of cash payments, they can still benefit from implementing a flexible technology solution that … Continued The post Simplify rent payments for affordable and public housing appeared first on MRI Software.