Private Activity Bond Housing Projects

At a glance

• What: Council held public hearings and approved resolutions supporting two multifamily projects financed through private activity bonds: Elm Ridge Apartments (October 8, 2026) and Verbena Flats (September 24, 2026).
• Where it stands: Both approved 11-0 with no City funding obligation.
• Next: None recorded.

Elm Ridge Apartments

• October 8, 2026, Resolution No. 20261008-027 on Council Member Siegel's motion, Council Member Duchen's second, 11-0: acquisition and rehabilitation by Elm Ridge Preservation, LP of a multifamily development on Airport Boulevard, partly financed by private activity bonds issued by the Austin Housing Finance Corporation.

Verbena Flats

• September 24, 2026, Resolution No. 20260924-080 on Council Member Siegel's motion, Council Member Laine's second, 11-0: supports Verbena Flats LP's application for federal 4 percent housing tax credits for a development on West Slaughter Lane (District 5). The resolution creates no funding obligation for the City.

Sources

• City Council regular meeting minutes, October 8, 2026: https://services.austintexas.gov/edims/document.cfm?id=483851
• City Council regular meeting minutes, September 24, 2026: https://services.austintexas.gov/edims/document.cfm?id=483849

Log

2026-10-08 - City Council

Elm Ridge Apartments resolution approved 11-0.

2026-09-24 - City Council

Verbena Flats tax credit resolution approved 11-0.