Posted Feb 2, 2012, 7:22 AM
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Join Date: Aug 2009
Location: The ATX
Posts: 3,395
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First low-income housing project in decades planned for downtown
Quote:
By Sarah Coppola
Published: 11:10 p.m. Wednesday, Feb. 1, 2012
An Austin nonprofit plans to build the first downtown development in decades to house low-income residents, a population often priced out of apartment and condo towers downtown.
Foundation Communities is proposing a $15 million, four-story project called Capitol Terrace at 11th and Trinity streets that will include 135 efficiency apartments. The units will be rented for $400 to $650 a month, utilities included, to single adults who earn less than $27,000 — roughly half of Austin's median income .
Ten of the Capitol Terrace apartments will be reserved for musicians and artists, Moreau said. About two dozen will be set aside for people with especially low incomes who have been receiving housing and social service help from groups like Caritas of Austin and Austin Resource Center for the Homeless , the city's shelter.
Foundation Communities has hired 🞵🞵🞵🞵 Clark Architects to design the project and hopes to break ground in early 2013 and open in early 2014 . Foundation Communities is under contract to buy the 0.6 -acre tract, which is a parking lot, and it would not have to seek a zoning change to build there, Moreau said.
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http://www.statesman.com/news/local/firs...-project-in-decades-planned-2142265.html
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