Austin Housing Department: demand outstrips bond funds; new underwriting tool due in June
Housing staff told the bond advisory task force on March 24 that previous general obligation housing bond dollars are largely committed, demand for affordable housing far exceeds current bond resources, and the department will roll out a new underwriting and scoring tool in June.
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James May, Austin’s Housing and Community Development Officer, briefed the Bond Election Advisory Task Force March 24 on the department’s mission, past bond spending, program structure and how bond funds are allocated to produce affordable housing.
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