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Austin Lakeline Station affordable housing plannedAustin Lakeline Station affordable housing plannedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=27462014-10-20T13:51:00Z2014-10-20T00:00:00Z

AUSTIN - Nonprofit Foundation Communities is slated to begin construction on an affordable housing complex near Capital Metro’s Lakeline Station Park & Ride in 2015 to provide low-income families with access to public transportation, retail and jobs.

The property, located in Northwest Austin, is named Lakeline Station Apartments and will be located at 13635 Rutledge Spur Rd.

Upon completion, the property will have 128 units including 13 units dedicated for families transitioning out of homelessness. The complex will have one-, two- and three-bedroom apartments, and average rent for an apartment will be about $650 per month.

Residents who live at Foundation Communities properties typically make an average annual income of $25,000, said Julian Huerta, deputy executive director at Foundation Communities.

Austin-based Foundation Communities offers housing, education and financial planning services to low- and moderate-income families.

The Texas Department of Housing and Community Affairs gifted $30 million in funding to Foundation Communities on July 31 to build three low-income residential properties in Austin, including Lakeline Station Apartments.

Community Impact Newspaper
Austin-Round Rock
Multifamily
http://impactnews.com/austin-metro/leander-cedar-park/nonprofit-plans-its-first-affordable-housing-complex-near-la/Read more at {Source}

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