How one Austin affordable housing district escaped Abbott’s veto

June 17, 2017
Austin’s only fully established “homestead preservation district” is in East Austin, which has faced intense gentrification pressures. A portion of the property tax revenue from growth in the area goes toward affordable housing. Ralph Barrera / AMERICAN-STATESMAN

Gov. Greg Abbott and his veto pen will not kill the city’s “homestead preservation district” program, city officials said. But the veto will keep it from growing.

Among the 50 measures Abbott vetoed Thursday was a bill that would allow Austin to continue creating specific zones where tax dollars can help create affordable housing.

City officials say the veto will not affect a fully established district in East Austin, but it will prevent the city from raising revenue for affordable housing in three other districts that have been feeling the squeeze of gentrification.

Read the full story on mystatesman.com for more information on where the districts are, how they would work and what officials have to say about Abbott’s veto.