Austin ISD land sold to create more housing Austin ISD land sold to create more housing https://www.recenter.tamu.edu/news/newstalk-texas/?Item=169322017-06-27T05:00:00Z2017-06-27T22:15:00Z

The Austin Independent school district is selling two plots of land to RSI communities. ​AUSTIN – The Austin Independent School District (AISD) board approved the sale of two plots of surplus land to RSI Communities for $11.8 million.

RSI Communities plans to develop the two properties—a 32-acre plot at the intersection of Loyola Ln. and Ed Bluestein Blvd.​, and a 12-acre tract of land south of East 51st St.— into single-family residences.

The California-based homebuilder has agreed to reserve 25 percent of the units for affordable housing and to market the units to AISD employees and families with children attending AISD before opening them up to the general public.

The Loyola Ln. property will be sold for $7.2 million, while the "service center" land south of 51st will go for $4.6 million.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2017/06/20/austin-school-district-sells-11-8m-of-land-to.htmlRead more at {Source}

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