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Mayor Kirk Watson joined Austin-based Foundation Communities, a nonprofit affordable housing developer, the Austin Housing Finance Corp. and the U.S. Department of Housing and Urban Development to mark next month's planned opening of the project. It is Foundation Community's 27th affordable housing community in Austin.
Ninety percent of the units will be reserved for households with incomes at or below 30% of Travis County's median family income, and the remaining 10% for households at or below 50% of the median family income.
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27 affordable housing communities just from Foundation Communities in town?!?
Due to open next month, Balcones Terrace, a low-income apartment complex in Northwest Austin's Arboretum area, is in a converted former hotel.
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