Austin Housing Finance Corporation, May 7, 2026
Approved: Private Activity Bond Financing for Elm Ridge Apartments Rehabilitation, Unanimous (with board member Fuentes absent)
What happened
On May 7, 2026, Austin approved Private Activity Bond Financing for Elm Ridge Apartments Rehabilitation (unanimous).
The Austin Housing Finance Corporation board approved an inducement resolution allocating up to $33 million in private activity bonds to Elm Ridge Preservation LP for rehabilitation of Elm Ridge Apartments at 1190 Airport Blvd, a 100% project-based Section 8 property.
- Jurisdiction
- Austin, TX
- Date
- May 7, 2026
- Decisions
- 1 zoning decision
- Outcome
- Approved, Unanimous (with board member Fuentes absent)
Free sample: decision 1 of 1
Private Activity Bond Financing for Elm Ridge Apartments Rehabilitation
Approved inducement resolution authorizing allocation of up to $33 million in private activity volume cap multifamily non-recourse bonds to Elm Ridge Preservation LP for rehabilitation of Elm Ridge Apartments at 1190 Airport Blvd in Council District 1. Investment will total over $85,000 per door.
Key Decisions (1)
Private Activity Bond Financing for Elm Ridge Apartments Rehabilitation
Development Activity (1)
Elm Ridge Apartments Rehabilitation
Residential
Market Signals (2)
Housing Demand
Significant investment ($85,000+ per door) being directed toward preserving and…
Sentiment
City prioritizing preservation of deeply affordable housing (50% AMI) through…
Meeting audio
Listen to the recording and select a timestamp with Pro.
Get every Austin meeting with full decisions, votes, and zoning details, within hours of each session.
Austin access in Pro, $39/month.
Decision moments (1)
Ask this meeting anything
The transcript is ready. Ask questions with answers cited to this meeting in Pro.
Meeting Q&A in Pro
Questions you can ask
- What conditions were attached to the decisions?
- What were the recorded votes?
Go deeper on this meeting
1 recorded decisions, 1 conditions across 1 decisions. Available full write-ups are included with Pro for Austin.
Full write-up and conditions in Pro
Follow Austin
Get the agenda when a meeting is posted, plus decision and analysis alerts.
We'll email you a 6-digit code, no password.