July ended on an extremely high note. We just found out that we won nearly $15 million in tax credits from the state to build Cardinal Point, a new affordable housing community in the Four Points area with good schools and plenty of job opportunities. We are very happy about this news and can’t wait to welcome 120 low-income families home to Cardinal Point in 2017!
This is an important moment in our organization’s history. Cardinal Point is one of SIX (yes, SIX) new communities we have in the pipeline. Our waiting lists for housing have never been longer and the need for affordable housing in Austin is at an all-time high. We are excited to be growing.
Each of our future communities will provide more than just a roof over people’s heads. At Cardinal Point, for example, families will have access to our free education, financial stability and health programs right where they live. There will be a Community Learning Center with after-school and summer learning programs, ESL classes, and fitness classes like Zumba and yoga.
With the construction of Cardinal Point and our other new communities, we expect to welcome home 1,000 new residents by the end of 2017.
Here’s a quick rundown of what we’re planning over the next few years:
Homestead Apartments (pictured above) – Homestead Apartments is slated to open at the end of this year. It is located near Brodie and Slaughter and will be home 140 families.
Lakeline Station Apartments – Lakeline Station is scheduled to open in late 2016. It is located at 620 and 183 and will be home to 128 families.
Live Oak Trails – Live Oak Trails is scheduled to open in late 2016. It is located next to our Southwest Trails community in Oak Hill and will be home to 58 families.
Bluebonnet Studios – Bluebonnet Studios is scheduled to open in late 2016. It is located at Bluebonnet and South Lamar and will be home to 107 single adults, including low-wage workers, formerly homeless individuals, veterans, seniors and individuals with disabilities.
Garden Terrace Phase 3 – Garden Terrace Phase 3 is an expansion of our Garden Terrace community located on William Cannon and is expected to be complete by 2017. The expansion will be home to 20 single adults, very similar to the future residents at Bluebonnet.
Cardinal Point – Cardinal Point is slated to open in 2017. It will be located in the Four Points area, close to the intersection of River Place Boulevard and Four Points Drive, and will be home to 140 families.
Stay tuned for updates!