Austin mayor's office eyes affordable housing bond proposition

AUSTIN (KXAN) — Amid a competitive housing market and soaring home prices, some Austin officials are eyeing potential bond propositions to help increase the city's affordable housing supply.Officials with Austin Mayor Steve Adler's office confirmed he is exploring a possible $500 million housing bond to expand affordable housing options. No formal proposals are in place and the tentative proposition is still early in its development process. RELATED: More homes sold in Austin-Round Rock ma