Austin’s $250M housing bond looks headed to approval

Austin’s record-breaking $250 million affordable housing bond seemed to be on a approach to capitulation late Tuesday.

Proposition A had a sizeable lead with early votes counted in Travis and Williamson counties. The rest of a line-up of Austin bond propositions, that together with Prop A totaled $925 million, also were forward in early returns, choosing formula showed.

The outcome seemed to prove that a augmenting cost of housing is increasingly distinguished a chord with city of Austin residents, who 6 years ago refused to pass a $78 million affordable housing bond.

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“We’re vehement for this ancestral bond to have upheld with such an strenuous margin,” pronounced John Lawler, a conduct of a Keep Austin Affordable bloc orderly in support of a bond. “We see it as a charge for a city of Austin to deposit heavily in affordable housing.”

The affordable housing bond allots $100 million for land acquisition, $94 million for let housing assistance, $28 million for a home tenure module and $28 million for a home correct program.

These 6 other bond proposals also were flitting in early returns:

— Flood slackening and open space, $184 million.

— Transportation, $160 million.

— Parks facilities, $149 million.

— Libraries and informative centers, $128 million.

— Public safety, $38 million.

— Health and tellurian services, $16 million.

“Over a march of a final 6 months, when vocalization with village members, it became transparent that this form of critical investment was something that Austinites were prepared for and they showed that today,” Lawler said.

But even as Proposition A looked to be headed toward passage, a outcomes per dual citizen-initiated petition ordinances remained unclear.

A slight infancy had voted opposite Proposition J, a list beginning that arose out of a anti-CodeNext debate waged by area refuge advocates. That object called for voter capitulation and a watchful duration for any extensive rewrites of a city’s land-use manners and zoning codes.

Likewise, Proposition K, that asked electorate either an eccentric potency review of City Hall should be conducted also was behind, by a wider domain than Proposition J.

At his watch celebration in downtown Austin, Mayor Steve Adler echoed his debate tongue that against a dual petition propositions, accusing them of being fueled by supposed dim money.

“I consider a village is rejecting this dim tip unclear money,” Adler said. “I consider a village is rejecting supervision by petition, and we am speedy by that.”

Proposition K has faced clever antithesis from Austin’s Democratic leaders. Many have maligned a potency review as an try to combat internal control from city officials.


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Article source: http://www.nationalmortgagenews.com/articles/austins-250m-housing-bond-looks-headed-to-approval

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