Austin voted in favor of a $350 million affordable housing bond Tuesday night. This is the city’s largest housing bond to date.
For an owner of a $400,000 home, that would mean an increase in your annual property tax bill of about $53, according to the city. For landowners, developers and affordable housing players, it also means business opportunities tied to one of Austin's biggest economic threats.
The city of Austin Proposition A reads:
“The issuance of $350,000,000 in tax-supported…
