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

ACDC has completed a Plan I Environmental Review of the proposed development and all is clear. Capital Market Research has been retained by ACDC to perform a market study of the area. This report should be completed by September 15, 1995. Henry Neil has been retained to complete ACDC's tax credit application for submission to the State no later than September 29, 1995, which it is anticipated will be for approximately 60 units. Austin Housing Finance Corporation's (AHFC) Board 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

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