Rental Housing Development Assistance

Rental Housing Development Assistance

City of Austin Housing Department
Austin, Texas

Rental Housing Development Assistance (RHDA) Program works to expand the community’s supply of affordable rental housing for low-income households and to increase the availability of permanent supportive housing for persons experiencing homelessness or low-income households with special needs. RHDA loans are a source of gap financing for nonprofit and for-profit developers of affordable housing. Applications for funding are accepted on a quarterly basis.

Contact
Josh Rudow City of Austin Housing Department [email protected] 512-974-2731
Other Eligibility Requirements

Persons experiencing or at risk of homelessness; Victims of domestic violence; Persons with mental illness; Persons with disabilities; Elderly; Youth; Households with eviction notices; Children or youth exiting foster care; Applicants on Medicaid; Applicants on waitlists for other housing assistance

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Extremely low-income households (income less than 30% AMI); Very low-income households (income less than 50% AMI); Persons experiencing homelessness or at risk of homelessness; Victims of domestic violence; Persons with mental illness; Persons with disabilities; Elderly; Youth

Total Funding
$50,000,000
Funding Source
General revenue; Dedicated funding stream - Other
Funding Year
FY 2023
How Provided?
Development loans
Data Collected by Program
Income; Race; Ethnicity; Disability status; Age
Website
https://www.austintexas.gov/page/affordable-housing-development-funding