Austin officials approved more than $50 million for local affordable housing initiatives, including $29.27 million for existing and planned developments around the city.

The details: Austin City Council, which serves as the board of the city's strategic nonprofit Austin Housing Finance Corp., signed off on a slate of affordable housing funding April 9. The city supports housing that's affordable based on the local median family income, or MFI, which is now about $134,000 for a four-person household.

Going forward: Most of the money will go toward planned single-family and apartment projects as well as existing apartment complexes with affordable units, spread across North, East and South Austin. Additionally, almost $22 million was reserved for the city's local housing voucher program through the Housing Authority of the City of Austin, including $6 million in the current fiscal year. Vouchers subsidize rental units for tenants exiting homelessness through permanent supportive housing programs.

This year marks the 2nd Street District’s 20th anniversary in downtown Austin, bringing together a range of local retail stores, dining options, living, entertainment and continued growth.

The impact: The district was created in 2006 to create a lively, walkable neighborhood downtown, according to a news release. Two decades later, it continues to expand with four new tenants: VanHorn’s, Restaurant François, Olga Roberts Studio and Akiba.

“These additions further build on its legacy as the city’s premier mixed-use neighborhood,” the press release states.

Electric car manufacturer Tesla will receive less of a tax rebate than initially expected from Travis County due to “partial noncompliance” with the performance-based agreement.

Since 2020, the county has promised Tesla millions in tax incentives to build Giga Texas—a 10-million-square-foot electric car manufacturing plant near Del Valle. At an April 7 meeting, the Travis County Commissioners Court voted to withhold 9% of funds allocated for 2020-22 after receiving “incomplete documentation” from Colorado River Project, a subsidiary company of Tesla, County Judge Andy Brown said.

"We have to continue to demand accountability in future compliance conversations," Commissioner Ann Howard said.

The overview: Under the agreement, Tesla would receive a 70% rebate on its maintenance and operations property taxes for the first $1.09 billion invested through Giga Texas. To receive these rebates, the company was required to create at least 5,001 new full-time jobs—50% of which must be filled by Travis County residents—among other requirements.

Tesla was projected to receive a $14.65 million rebate over 10 years, according to 2020 county estimates.