Austin Habitat for Humanity Approved to Construct Additional Housing

Austin, TX: Austin Habitat for Humanity, a local non-profit, received the green light for funding from the Austin Housing Finance Corporation's Board to construct new housing in Austin. With the Board's approval, the Austin Housing Finance Corporation will loan a maximum of $185,000 to Austin Habitat for Humanity to acquire a single tract of land to build new homes in the Montopolis neighborhood.

The tract of land will be converted to 11 single-family lots and will eventually become affordable, single-family homes for low and moderate-income first-time homebuyers. The three, four and five-bedroom homes will be sold to families accepted into the Austin Habitat for Humanity program, who earn at, or below 50 percent of the Median Family Income, or about $35,550 for a family of four.

All of the homes will meet the City of Austin?s Visitability Ordinance to accommodate persons with mobility impairment and all units will comply with S.M.A.R.T.Housing^TM requirements.

Austin Habitat for Humanity is a 501(c)(3) non-profit and a Community Housing Development Organization (CHDO) that traditionally develops affordable housing for low and moderate income families. Austin Habitat for Humanity has been building affordable homes in Austin since 1985, and totals 131 homes in the City of Austin. A large volunteer labor force that includes significant volunteer service by the homebuyer completes the construction of the homes. Homebuyers are also offered a zero-interest rate mortgage for a term of up to 30 years. For additional information, please contact Austin Habitat for Humanity at (512) 472-8788.

The Neighborhood Housing and Community Development Office's mission is to provide housing, community development, and small business development services to benefit residents so they can have access to livable neighborhoods and increase their opportunities for self-sufficiency.

The Austin Housing Finance Corporation was created in 1979 and assists Austin citizens with first-time homebuyer and home repair programs. The AHFC's primary mission is to generate and implement strategic housing finance solutions to benefit low-and moderate-income residents of the City of Austin.

The City of Austin is committed to compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act of 1973, as amended. Reasonable modifications and equal access to communications will be provided upon request. Please call 974-3100 (voice) or 974-3102 (TDD) for assistance. This project is made possible by funding from HUD through the City of Austin.

CONTACT: Julie Beggs, (512) 974-3121 (voice) or (512) 802-7108 (pager)