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Don't be "Moody," new Austin development to help single mothersDon't be "Moody," new Austin development to help single mothershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112432015-11-23T06:00:00Z

​​AUSTIN - Officials with a program that helps low-income single mothers forge a path to self-sufficiency are about to start construction on a campus in East Austin that will have 35 apartments and an early childhood development center.

The nonprofit Jeremiah Program recently broke ground on its future Moody Campus, at 1200 Paul Teresa Saldaña St.

The new campus will consist of a 49,865-sf building with 35 furnished, two-bedroom apartments, along with a child development center with five classrooms, a computer lab, playground areas and space for Jeremiah's empowerment and life skills training.     

The campus will be built at a cost of $8.7 million, with most of the funding already in place, according to Shannon Moody, Jeremiah Program's executive director.

Construction is due to start December 14, and the first residents should be able to move in by September 2016.

Moody said the new apartments will serve families whose income is at or below 30 percent of the Austin area's median, or about $18,000 for a family of two.

Jeremiah Program participants must be single mothers, 18 or older, who will be pursuing a college education.

The Moody Campus will be part of the 11-acre Guadalupe-Saldaña subdivision being developed in East Austin by Jeremiah's local housing partner, the nonprofit Guadalupe Neighborhood Development Corporation.

In addition to the 35 Moody Campus units, the Guadalupe Neighborhood Development Corporation plans to build 75 units that will be a mix of rental and for-sale housing.

Rents will average about $550 a month, ranging from as low as $300 a month for a one-bedroom unit up to about $1,200 a month for a four- or five-bedroom home, according to Mark Rogers, the development corporation's executive director.

Prices for the homes will range from $85,000 to about $180,000.

Austin American-Statesman
Austin-Round Rock
Multifamily
http://www.mystatesman.com/news/business/new-austin-campus-aims-to-create-path-to-success-f/npQDH/?icmp=statesman_internallink_referralbox_free-to-premium-referralRead more at the {Source}

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