Mortgage

Austin opens loan applications to nonprofits to buy land for affordable housing

Austin opens loan applications to nonprofits to buy land for affordable housing
Written by Publishing Team

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Austin

The city offers land purchase loans

The City of Austin’s Community Acquisition Program, part of Project Connect’s anti-displacement initiatives, offers 0% forfeitable, non-forgiving loans to eligible nonprofits to acquire real estate that increases the supply of affordable housing.

Loans are available on a rolling basis until available program funds are exhausted. The program intends to provide additional low-income housing to people in need by providing funds to qualified 501(c)(3) nonprofit organizations with expertise in renovating, building, renting, and selling affordable housing in Austin, to acquire real estate to increase the supply of affordable housing in Austin. City.

Funds must be used on properties of one acre or less, to be developed, renovated, rented and sold as affordable housing for low-income families within improvement areas within one mile of the proposed Project Connect crossing line.

For interest: Housingdevelopment@ausintexas.gov.

From news reports

Austin

Raffle supports heart scans

The Championship Hearts Foundation is running a fundraising drive for luxury car towing to help support free heart screenings for Texas teens and agency programs.

Three prizes will be awarded to the winners on February 12th. First prize is the 2021 Land Rover Discovery Sport SE; Second prize is eight days and seven nights at a Mayan Palace at one of the Vida Vacations locations in Mexico; The third prize is three days and two nights in a waterfront apartment in Horseshoe Bay.

Tickets cost $100 each. Only 1,500 tickets are offered.

For tickets: one.bidpal.net/chfluxurycarraffle2022; 512-900-3243. For more information: champhearts.org.

Courtesy Championship Hearts Foundation

George Town

Thursday Arts and Culture Lunch

Georgetown will host its first Arts and Culture Brown Bag Luncheon in 2022 at noon Thursday in the Friends Room of Georgetown Public Library, 402 West Eighth Street.

The event will include a presentation from Marisa Austin, CEO of the Court of Special Appointed Attorneys for Williamson County. Austin’s presentation will focus on the basic types of revenue for nonprofits and how to diversify and develop these revenue opportunities.

Prior to CASA, Austin served as the executive director of the Georgetown Palace Theatre. Her accomplishments included a multi-million dollar capital campaign and the modernization of the organization’s operating systems.

Attendees are encouraged to bring their own lunch. Time to get involved and learn about the arts and culture programs in the Georgetown community will happen next.

To respond to the invitation to attend: Arts@georgetown.org.

From news reports

This article originally appeared on the Austin American Statesman: Austin opens loan applications for nonprofits to purchase land for affordable housing

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