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Austin housing finance board approves inducement for $33 million bond allocation to rehab Elm Ridge Apartments
Summary
The Austin Housing Finance Corporation board voted May 7 to approve a consent agenda that included an inducement resolution authorizing up to $33 million in private activity volume cap for non‑recourse multifamily bonds to Elm Ridge Preservation LP to fund rehabilitation of Elm Ridge Apartments, a 100% project‑based Section 8 family property.
The Austin Housing Finance Corporation board approved an inducement resolution on May 7, 2026, authorizing an allocation of up to $33,000,000 in private activity volume cap for non‑recourse multifamily bonds to Elm Ridge Preservation LP to finance rehabilitation of Elm Ridge Apartments.
Nicole Joslin, housing and community development officer for Austin Housing, introduced the agenda and said…
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