Email received just now from Sheri Munquia from the Austin Housing Fiance Corporation:
Together, we have helped many qualified families become homeowners by issuing over 2 million dollars in down payment assistance in Fiscal Year 2009-10. Consequently, the funds for Fiscal Year 09/10 have been committed. With continued support for the Down Payment Assistance Program, the City anticipates new funding for the program at the beginning of the fiscal year.
Effective immediately, the Austin Housing Finance Corporation will not be accepting Down Payment Assistance applications until the Fall of 2010.
Thank you for your continued partnership to assist individuals in our community with Down Payment Assistance, which has been a key instrument in transforming the dream of home ownership into a reality for many families.
Creating and retaining affordable housing is essential to ensuring Austin remains a vibrant place to live and work. We appreciate your partnership and look forward to working with you in the coming fiscal year.