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Affordable housing set for 228 units in North AustinAffordable housing set for 228 units in North Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=66062013-09-03T12:21:00Z2013-08-13T00:00:00Z

AUSTIN - The Paddock at Norwood, a $21 million, 228-unit, North Austin affordable housing community, has broken ground. The property is located off US 183 at Norwood Park Blvd. and is expected to open by April 2014.

The complex will offer one-bedroom units for $755, two bedrooms for $895 and three bedrooms for $1,050, and will be available to households earning 60 percent or less of the area's median income.

The project also features a clubhouse, a fitness center, a playground and a business center.

Nearly 30 percent of the $21 million price tag will come from income tax credits allocated from the state.

The community will be the first new affordable housing project in North Austin since 1999.

Austin Business Journal
Austin-Round Rock
Multifamily
http://www.bizjournals.com/austin/blog/morning_call/2013/08/affordable-housing-project-going-up-in.htmlRead more at {Source}

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