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Council hears limits on housing trust fund revenue and ordinance restrictions on fee‑in‑lieu uses
Summary
Staff told council the Housing Trust Fund is funded mainly by an annual general‑fund transfer and density‑bonus fee‑in‑lieu payments; many fee‑in‑lieu buckets are legally restricted to capital projects in the areas that generated them, though some downtown funds are directed to supportive housing.
Council members asked staff for a focused briefing on the Housing Trust Fund's revenues and uses during the Nov. 19 special meeting.
Mandy DeMaio, deputy director of Austin Housing, described the fund's origins and revenue mix: "The housing trust fund is about 25 years old, and when it was started, it was seeded with $1,000,000 of general fund." She said the annual general‑fund transfer has averaged roughly $10.1 million in recent years and that the fund includes density‑bonus fee‑in‑lieu dollars collected under multiple ordinances (downtown density bonus,…
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