If passed, the Austin bond would go toward building affordable housing, repairing homes for low-income people and acquiring more land.
sharp rise
City Council members approved a measure Thursday to put the proposition — the largest in Austin's history — on the ballot. If the measure passes, the bond money will go toward building affordable housing, repairing homes for low-income people and acquiring more land for homes.Advocates say the bond is crucial for low-income residents and people experiencing homelessness to live in the city.
The proposed bond initially was for $300 million, but an amendment by Council Member Ann Kitchen increased it by $50 million"The return on our housing bond dollars is multiple-fold, and so to address our crisis in housing, I think we need to go as big as we can," Kitchen said at Thursday's meeting,"and I think $350 million would be an appropriate amount."
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