Posted Apr 15, 2022, 5:37 PM
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Moderator
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Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
Posts: 14,622
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Windsor Park Apartment Project Trades Steaks for Affordable Homes
Quote:
A five-story multifamily housing development at the edge of the Windsor Park neighborhood in East Austin is set to bring 308 affordable homes to a prominent empty lot near the southeast corner of I-35 and Highway 290 at Clayton Lane, a 2.5-acre site previously home to a Texas Land & Cattle steakhouse — which closed back in 2018 and was demolished shortly after, remaining fenced-off and vacant ever since.
The apartment community, known as Windsor Park Towers in city filings, will offer 298 of its units to households earning no more than 60 percent of the Austin metro’s median family income, which in 2021 ranged from $41,580 per year for an individual or $59,340 for a family of four. The remaining 10 units will be restricted for families and individuals earning at or below 50 percent of the median family income — as of last year, that’s $34,650 yearly for an individual or $49,450 for a family of four.
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Last edited by Urbannizer; Apr 15, 2022 at 10:19 PM.
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