Scattered Cooperative Infill Housing Program (SCIP 2)
Summary
This Infill project is designed to redevelop an area between Branch and Navasota Streets between East 11th and 12th Streets into a revitalized residential community with low cost rentals managed by the Anderson Community Development Corporation (ACDC). Using a combination of CDBG and HOME funds, Low Income Tax credit generated funds, and lender funds, SCIP 2 will provide 100 newly constructed affordable single family homes for low and moderate income families. The program will be monitored by the City of Austin Neighborhood Housing and Conservation Office, and developed by the Anderson Community Development Corporation with assistance from the U. S. Department of Housing and Urban Development.
Status
The Plan I Environmental Review of the proposed development has been completed and all is clear. Capital Market Research has completed a market study of the area. Henry Neil, under contract with ACDC, has completed and submitted the tax credit application to the State. Austin Housing Finance Corporation's (AHFC) Board has approved an action to provide additional option contracts on six parcels to ACDC. This option contract is for land located on East 12th Street. An award of tax credits to ACDC's SCIP 2 project is not anticipated until mid-November, 1995.
Basic Data
Project Contact: Bill Cook, Assistant Director, Office of Neighborhood Housing and Conservation, 499-3108
Revised Nov. 13, 1995
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