1017 W Slaughter Lane (File 26-2543)
View full legal title
Conduct a public hearing and consider a resolution related to an application by Verbena Flats LP, or an affiliated entity, for federal 4% non-competitive housing tax credits for the construction of a multifamily development to be financed through the private activity bond program and to be known as Verbena Flats, located at or near 1017 W Slaughter Lane, Austin, Texas 78748. Funding: This item has no fiscal impact. Approving this resolution does not constitute any obligation of the City with respect to funding. This resolution will support the applicant’s application for federal 4% non-competitive housing tax credits.
Get notified on new hearings, votes, or status changes for this matter.
Actions
Showing all 4 actions. Filter by: , , , .
Check affiliate entity wording in Verbena Flats resolution
Why now: The September 24, 2026 item is captioned as an application by 'Verbena Flats LP, or an affiliated entity' for a development located 'at or near' 1017 W Slaughter Lane, leaving both the applicant entity and the site boundary described in flexible terms.
What to do: Pull the posted draft resolution and the tax credit application before the hearing and confirm the operative text carries the same 'Verbena Flats LP, or an affiliated entity' flexibility and the 'at or near 1017 W Slaughter Lane' site description that appear in the agenda caption. If the ownership entity that ultimately closes differs from the named limited partnership and the resolution text is narrower than the caption, you may need a corrective council action later, which is far harder than fixing the language now.
Act before: After the September 24, 2026 City Council public hearing
Plan capital stack without city money for Slaughter Lane apartments
Why now: The September 24, 2026 council item for Verbena Flats at 1017 W Slaughter Lane expressly states it has no fiscal impact and that approving the resolution does not constitute any obligation of the City with respect to funding.
What to do: Treat this council resolution as application support only — the item states it has no fiscal impact and creates no City funding obligation, so underwrite the deal on the 4 percent tax credits and private activity bond proceeds alone. If gap financing from the City is part of your model, route it as a separate request now rather than assuming it rides along with this approval.
Act before: After the September 24, 2026 City Council public hearing
Ask who controls Verbena Flats and what rents apply
Why now: The sole council item for this file describes only an application by 'Verbena Flats LP, or an affiliated entity' for 4 percent non-competitive housing tax credits and private activity bond financing, with no unit count, rent levels, or ownership detail disclosed.
What to do: Request the underlying tax credit application and the backup for the September 24 item, which the agenda caption does not summarize: unit count, affordability tiers, and the general partner behind Verbena Flats LP. The caption's 'or an affiliated entity' phrasing means the entity that eventually owns the project may not be the one council votes to support, and that substitution is rarely re-noticed.
Act before: After the requested records are produced
Get unit count for proposed Slaughter Lane apartment construction
Why now: The September 24, 2026 council item is a public hearing on tax credit support for construction of a multifamily development at or near 1017 W Slaughter Lane, Austin 78748, and states no project size or schedule.
What to do: A new multifamily building is proposed for construction at 1017 W Slaughter Lane, but the council item posted for the September 24 public hearing lists no unit count, building height, or construction start date — ask staff for the application's project description before that hearing. Once the resolution is adopted, the financing package moves to the state and the City's posted hearing on it is done.
Act before: After the September 24, 2026 City Council public hearing
Key Entities
View relationship map
Loading relationship map…
Timeline
Conduct a public hearing and consider a resolution related to an application by Verbena Flats LP, or an affiliated entity, for federal 4% non-competitive housing tax credits for the construction of a multifamily development to be financed through the private activity bond program and to be known as Verbena Flats, located at or near 1017 W Slaughter Lane, Austin, Texas 78748. Funding: This item has no fiscal impact. Approving this resolution does not constitute any obligation of the City with respect to funding. This resolution will support the applicant’s application for federal 4% non-competitive housing tax credits.