In the last few days of January, the City of Austin Housing Department announced that it approved $42 million in funding for 11 affordable housing developments. The new buildings will comprise 1,429 units, the vast majority of which — 1,315 — will be rentals.

When these units become available over the next three years, they will be reserved for households earning at or below 80 percent of the median family income (MFI). In Austin, the most recent household income eligibility caps (determined in 2024) are $68,500 for a household of one and $97,800 for a household of four.

The funding comes from the Austin Housing Finance Corporation (AHFC) Board, which is a city-created nonprofit organization for the purpose of offering housing solutions to low- and moderate-income Austinites. Some units will have their funding offset by federal tax credits via the Texas Department of Housing and Community Affairs. Overall, the funds and construction will be spread across the 11 buildings in Districts 1-5.

“The funding allocated for the development of these new projects aligns with the City’s ongoing commitment to offer affordable housing for Austin residents,” said interim director for the Housing Department Mandy DeMayo in a news release. “Although the majority of the units to be created are multi-family communities, the inclusion of approved ownership units demonstrates the City’s acknowledgement of the need to generate affordable ownership opportunities for those who need it.”

In short, here are the developments that have been approved so far. More information about each, including a breakdown of units reserved for different income caps, is available here. Addresses are approximate.

• Cairn Point Montopolis, 1013 Montopolis Dr., $2 million for a 150-unit multi-family development
• Cameron HiLine, 1124 Clayton Ln., $7.95 million for a 227-unit affordable multifamily community
• Aspire at Big Austin, 1000 East Braker Ln., $8.755 million for a 368-unit multifamily community
• Johnny Limon Village, 800 Gardner Rd., $3.1 million for a 27-unit ownership development
• 8301 Riverstone, 8301 Riverstone Dr., $720,000 for a three-unit ownership housing community
• 7331 Menchaca Townhomes, 7331 Menchaca Rd., $525,000 for a 10-unit townhome community
• Prospect Heights, 1142 Poquito St., $1.2 million for a 12-unit townhome community
• Moontower Flats, 1901 E. Martin Luther King Jr. Blvd., $2 million for a 24-unit townhome community
• St. John Redevelopment, 7211 and 7309 North Interstate Highway 35, $4 million for a 526-unit multifamily rental development
• UEZ I (or Urban Empowerment Zone I), 6314 FM 969 Rd., "a little over $4 million" for an 80-unit permanent supportive housing multifamily rental development for people at risk of or experiencing homelessness
• Drowsy Willow, 5901 Drowsy Willow Trail, $7.752 million for a 38-unit ownership housing development

The city is working toward a goal set in the Austin Strategic Housing Blueprint to create 60,000 affordable housing units by 2028.