AUSTIN (KXAN) — On Thursday, Austin City Council is expected to kickstart the process of creating a housing fund intended to attract philanthropic resources to our city to pay for preservation of naturally occurring affordable housing.
“Really the genesis of this is recognizing that we still need more tools to address the displacement and gentrification issues that the city and the council are still dealing with,” Austin City Council Member Marc Duchen said.
The idea was pitched first by Duchen after Austin leaders realized they had loopholes in affordable housing incentive programs — specifically, DB 90, which allows developers to build taller in exchange for affordable units…