Item 80 — Thursday, September 24, 2026
In plain language — from agenda source text
Verbena Flats LP wants to build a multifamily development near 1017 W Slaughter Lane in far South Austin, and it's asking Council for a resolution supporting its application for federal 4% non-competitive housing tax credits, financed through the private activity bond program. State rules effectively require a nod from the local governing body, so this public hearing and resolution are a procedural gate the project has to pass through to compete for that financing. The item has no fiscal impact and commits no City funding.
Current official agenda wording
Conduct a public hearing and consider a resolution related to an application by Verbena Flats LP, or an affiliated entity, for federal 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 Verbena Flats, located at or near 1017 W Slaughter Lane, Austin, Texas 78748. Funding: This item has no fiscal impact. 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 4% non-competitive housing tax credits.
"without objection. Item number 80 is adopted." — meeting transcript (unofficial)