Austin Approves Bond Measure that Includes Funding for Affordable Housing

Last week the Austin City Council voted 8-3 to add a $925 million bond package that includes $250 million for affordable housing to the November general election ballot – the city’s largest affordable housing bond ever. The bond package would also allocate $184 million for flood mitigation and open space and $160 million for transportation. Under the proposed bond package, the average Austin homeowner would see their property tax rate increase by 2 cents per $100 of valuation.

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