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  THE LOW INCOME & URBAN HOUSING BLOG  

Tuesday, January 22, 2013

East Austin, Texas, Breaks Ground For New Affordable Housing Project

A new $2.8 million project in East Austin, Texas will provide energy efficient housing for low income families in 2014. The new units will be located close to downtown. Not only will it provide affordable homes for families who qualify, but it will also save families money on utilities through energy-efficient construction.

Families who have income that does not exceed 50 percent of the median family income limitations defined by the U.S. government may apply. A family of four, for example, whose income is no more than $36,600 a year, would qualify to apply. It is anticipated that applications will far exceed the amount of units available.

Growth in East Austin has created a desperate need for more low-income housing. The new project adds 24 units; however, the city estimates there is a need for 39,000 affordable units for low-income residents, according to the Department of Neighborhood Housing and Community Development who manages the city’s affordable housing projects.

The housing development was funded by the HOME Investment Partnerships program, a federal program which provides funds for a variety of housing projects for low-income families. The government's Department of Housing and Urban Development (HUD) HOME block grant is awarded each year to state and local governments to be used specifically for the creation of affordable housing for low-income families. About $2 billion is awarded each year.

For more information, visit www.austintexas.gov/news/community-leaders-celebrate-construction-new-affordable-housing-east-austin


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