Results tagged “silentz”

Back on November 7, 2006, Austin voters approved Proposition 5, the issuance of $55 million in "tax supported General Obligation Bonds and Notes for constructing, renovating, improving, and equipping affordable housing facilities for low income persons and families, and acquiring land and interests in land and property necessary to do so, and funding affordable housing programs as may be permitted by law; and the levy of a tax sufficient to pay for the bonds and notes” (actual ballot language). This week, through the Austin Housing Finance Corporation (AHFC), the City of Austin released $2.2 million of these bonds to the Rental Housing Development Assistance Program to assist in financing affordable rental projects for low-income households. This is the first major installment from the $55 million bond package.