Teachers' break: $12M deal for affordable housingTeachers' break: $12M deal for affordable housinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=203802018-06-19T05:00:00Z2018-06-19T23:30:00Z
Image of where the 92-single family homes will go.AUSTIN – William Lyon Homes will break ground on two new developments in late 2018 after closing an $11.8 million deal to purchase two tracts of surplus land from the Austin Independent School District.

The company will build 92 detached condos on a 12-acre development off 51st St. between Springdale Rd. and Ed Bluestein Blvd.

The other project will have 92 single-family homes further north on 30.5-acres near Loyola Ln. and Ed Bluestein Blvd.

Prices will start in the high $300s for the condos and in the mid-$400s for the single-family homes.

There will be a 60-day exclusive marketing period to advertise to school district employees and families with children attending Austin public schools.

William Lyon will market those units to school district employees and families before opening them up to the general public.

The two projects are expected to be completed in late 2019.​
Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2018/06/15/builder-plans-hundreds-of-homes-near-mueller-after.htmlRead more at the {Source}

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