Civic Economics and HousingWorks are pleased to present this analysis of the economic impact of General Obligation Bonds issued since 2006 to support affordable housing. Background In 2006, 63% of Austin voters supported the issuance of $55 million in general obligation bonds to support the development of affordable housing in the city. Just short of $50 million has been expended and leveraged to obtain an additional $177 million in development expenditures, for a total expenditure in the city of $226 million. These funds have been used to develop or rehabilitate 3,055 housing units, of which 2,242 are designated to provide deeply affordable.
