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South Austin Goodwill site oasis of affordable housingSouth Austin Goodwill site oasis of affordable housinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80332013-03-05T10:28:00Z2013-03-05T07:00:00Z

AUSTIN - Foundation Communities, a local nonprofit provider of affordable housing and support services, is planning an oasis of affordability — 109 inexpensive rentals in a pioneering project with Goodwill Industries of Central Texas.

Skyview Studios would cost $15 million to construct and be located at 2800 S. Lamar Blvd.

The project would be built on a site that houses a Goodwill retail store. On the ground floor of its four-story building, Foundation Communities would build a new 14,000-sf Goodwill store. There would also be 30 spaces for apartment residents. The project would also include a Goodwill Job Center.

The units, each about 400 sf, would have projected rents of $400 to $650 a month. Foundation Communities hopes to receive $10 million in federal tax credits to build the $15 million Skyview Studios.

If all goes as planned, construction could start by second quarter 2014, with the project completed in a year.

Read more at Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
Multifamily
http://www.statesman.com/news/business/apartment-project-with-affordable-rents-planned-fo/nwccm/Read more at {Source}

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