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Tuesday, November 5, 2024

City of Austin weighs proposed $22 million in bonds for senior housing development

Journatic

File photo

File photo

The Austin Housing Finance Corp. will discuss a proposal involving the issuance of bonds for a senior housing rental project during a public hearing on Feb. 18.

A City of Austin news release states MHP City Heights, an affiliate of McDowell Housing Partners, would be loaned up to $22 million in bonds to acquire, construct and operate a housing development for low and moderate-income seniors. The proposed City Heights Apartments would consist of 179 rental units and be located at 4400 Nuckols Crossing Road in Austin.

Individuals can submit written comments regarding the project to Austin Housing prior to the public hearing or speak during the hearing which is being held virtually for members of the public due to COVID-19 pandemic. All speakers must register in advance, according to the City Council Meeting Information Center Home webpage.

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