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Austin housing committee asks staff to review expiring LIHTC properties and bring program outcomes back to the committee
Summary
Chair Madison asked housing staff to brief the committee on Low Income Housing Tax Credit properties nearing affordability expirations and to share a district-by-district spreadsheet; members also asked for regular reporting on site-plan-light and home initiative outcomes. No policy vote was taken on LIHTC interventions.
Madison, council member for District 1 and chair of the Austin Housing and Planning Committee, used the Jan. 27 special meeting to flag a review of Low Income Housing Tax Credit (LIHTC) properties whose affordability restrictions are nearing expiration and to request follow-up from housing staff.
"As those apartment complexes and their contracts come to a close, the complex has the opportunity ... to convert those units from income restricted to market rate," Madison said, explaining why the committee needs better visibility…
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