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
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 developed by the
Anderson Community Development Corporation with assistance from the U.
S. Department of Housing and Urban Development, and monitored by the
City of Austin Neighborhood Housing and Conservation Office.
Status
In September, 1995, Anderson Community Development Corporation (ACDC)
applied to the State for Low Income Housing Tax Credits (LIHTCs) for the
Scattered Cooperative Infill Housing Program (SCIP) 2 project.
Subsequently, the request was denied. ACDC's contract with the City of
Austin for federal assistance to implement SCIP 2 is contingent upon the
approval of LIHTCs. The City's contract with ACDC was extended beyond
the original expiration date of December 31, 1995, to allow ACDC the
opportunity to reapply for the tax credits. It is anticipated that ACDC
will submit another application to the State in May or June, 1996. An
award of tax credits to the SCIP 2 project is not anticipated until
mid-July, 1996.
Basic Data
Project Contact: Bill Cook, Director, Neighborhood Housing and
Conservation Office, 499-3108
Revised May 1, 1996
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