Conduct a public hearing and consider a resolution related to an application by Roers Austin Apartments Owner V LP, or an affiliated entity, for 4% Non-Competitive Housing Tax Credits for the construction of a multifamily development to be financed through the private activity bond program and to be known as Decker Lane Apartments, located at or near 7400 Decker Lane, Austin, Texas 78724. Funding: Approving this resolution does not constitute any obligation of the City with respect to funding. This resolution will support the applicant's application for federal Housing Tax Credits.

This is a public hearing on a resolution backing a developer's bid for federal 4% housing tax credits to build a new multifamily complex called Decker Lane Apartments out at 7400 Decker Lane in East Austin. The credits and private activity bond financing help fund affordable housing, so the city's support could help the project pencil out. Worth noting: the resolution itself doesn't commit any city money — it just signals support for the applicant's federal application.

housing

"item number 68 is adopted with council member Velasquez off the dais" — meeting transcript (unofficial)

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