Two affordable housing multifamily projects in East Austin are competing for a 9 percent housing tax credit from the state, but only one is likely to get it. That doesn’t mean, however, that only one of the projects will get built — the weaker candidate determined by the Texas Department of Housing and Consumer Affairs’…
affordable housing
Cambrian Project Seeking Tax Credits for Affordable Housing in Montopolis
Development in the East Riverside Corridor hasn’t shown any signs of slowing down, to say the least. An affordable housing development team has taken notice, and placed a bet on the neighborhood between Montopolis Drive and Grove Boulevard. Megan Lasch, manager of O-SDA Industries LLC is backing Cambrian East Riverside, a 65-unit multifamily mid-rise to be located at 1806…
Refresh Your Memory on Plaza Saltillo’s Upcoming Mixed-Use Development
Ground’s finally broken on the Plaza Saltillo mixed-use development in East Austin. Woo! We’re heard about this project in various forms since 2014, but now it’s time to hurry up and wait — the estimated time to completion is about 30 months. After all these years, we’ve kind of forgotten what’s even in store for the 10-acre…
Mixed-Use Developments Seek a Friendlier Side of Density in Govalle
Govalle, as the geographic final frontier for development in East Austin, always deserved a light touch. This diverse and generally low-income neighborhood hasn’t seen significant projects until recent years, and my concern with the first of these developments is that its design and placement didn’t work hard enough to integrate itself with the area’s culture compared to something like…
Travis Heights to Host Austin’s Next Affordable Housing Development
This April, Austin-based multifamily developer Saigebrook Development LLC had an application approved that changed zoning on a vacant wooded lot in Travis Heights to Multifamily Residence — giving the company the green light for an affordable housing project. The zoning change was necessary to proceed with a tax credit-financed project. It got through the Planning Commission “on consent,” meaning without…
The View From Emancipation Park
A tiny tract of land in East Austin has neighbors all around it frustrated over its fate, but grateful that its legacy will at last be honored. At 2724 E. 12th Street NAPA Ventures LLC wants to construct a five-story, 30-unit, 60-foot tall, mixed-income apartment building. NAPA purchased the site in 2013, then in December 2015 filed a…