Item 68 Passed 8-0
In plain language — from the agenda backup
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.
The official agenda language
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.
The roll call
Approved 8-0
- Kirk Watson Mayor Yes
- Natasha Harper-Madison D1 Absent
- Vanessa Fuentes D2 Absent
- José Velásquez D3 Off Dais
- José "Chito" Vela D4 Yes
- Ryan Alter D5 Yes
- Krista Laine D6 Yes
- Mike Siegel D7 Yes
- Paige Ellis D8 Yes
- Zohaib "Zo" Qadri D9 Yes
- Marc Duchen D10 Yes