Conduct a public hearing and consider a resolution related to an application by Elm Ridge Preservation, LP, or an affiliated entity, for 4% Non-Competitive Housing Tax Credits for the acquisition and rehabilitation of a multifamily development to be financed through the private activity bond program and to be known as Elm Ridge Apartments, located at or near 1190 Airport Boulevard, Austin, Texas 78702. 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.

The Council is holding a public hearing on whether to back Elm Ridge Preservation, LP's bid for 4% Non-Competitive Housing Tax Credits to buy and fix up the Elm Ridge Apartments off Airport Boulevard in East Austin. The financing would run through the private activity bond program and federal tax credits — and a yes vote here is a show of support for the application, not a funding commitment from the City. For East Austin renters, it's a chance to preserve and rehab existing multifamily housing in a fast-changing corner of town.

housing

"item number 69 is adopted with council member Velasquez off the dais" — meeting transcript (unofficial)

What got said

• Patrick Barry spoke for the Elm Ridge preservation tax credit application

Agenda PDF Legistar Official votes