Backup — original pdf

Backup

Rental Assistance Program Briefing Austin Housing | July 14, 2026 Agenda • Housing Assistance Need • I Belong in Austin Program Summary • Questions and Comments $3M $48 Million 3 $3M $48 Million 4 Rental Affordability Gap  The primary rental affordability gap for rental units in Austin is experienced by households earning 60 percent of MFI or less. Households earning 50 percent of MFI or less experience particularly large affordability challenges (Housing Affordability Gap Analysis, bae urban economics, March 18, 2026)  An approximately 34,000 unit shortage for households at 30% AMI and below (FY25-29 City of Austin Consolidated Plan) 5 I Belong in Austin Funding Fiscal Year 2024 2025 2026 Funding Amount $11.6M $6.2M $3M Households served 1,742 925 414* *as of 6/30/26, final FY26 numbers will be available after 9/30/26 6 I Belong in Austin Demographics of Households Served Households FY24 FY25 FY26* Hispanic Black/African American White Other 53% 52% 37% 29% 28% 45% 15% 14% 11% 7% 6% 3% *as of 6/30/26, final FY26 numbers will be available after 9/30/26 7 I Belong in Austin Recipients 8 I Belong in Austin Applications FY26 FY24-26 Income Brackets Percent Income Brackets Percent Zero Income 21% Zero Income 18% "Extremely Low" (30% or Below AMI) 61% "Extremely Low" (30% or Below AMI) 59% "Very Low" (50% or Below AMI) Excess of 80% AMI "Low" (80% or Below AMI) 13% 3% 2% "Very Low" (50% or Below AMI) Excess of 80% AMI "Low" (80% or Below AMI) 18% 3% 2% 9 I Belong in Austin Applications 10 Program Insights  6-month Post-assistance survey  74% indicated ability to maintain stable housing continuously since receiving rental assistance.  Building ecosystem by strengthening relationships between service partners  On-going stakeholder engagement informs program updates 11 Questions and Comments