Foundation Communities is in the midst of one of the largest affordable housing expansions in Austin’s history.
Plans are underway for Foundation Communities to complete construction of eight affordable communities located in various parts of Austin over the next three years– five for lower-income families and three for single adults. This expansion will bring more than 1,000 new affordable homes to Austin for more than 2,000 lower-income Austinites, many of whom will transition directly out of homelessness.
The cost to build these eight communities is around $272 million. An estimated $19 million is still needed to complete the expansion.
Opening late 2022: The Loretta located at 13649 Rutledge Spur in Austin, will be home to 137 low income residents, including many who are exiting homelessness. The community will share a Learning Center with it’s sister community, Lakeline Station. The Learning Center will provide our successful after school and summer academic programs. Our sustainable design will meet or exceed LEED and Austin Energy Green Building Standards, keeping utility costs low.
The interested list for The Loretta is currently open >>
Opening late 2022, Zilker Studios is a seven-story apartment community located on rapidly developing South Lamar at 1508 S. Lamar Blvd. It will be home to 110 single adults. Many of the residents will be transitioning directly from experiencing homelessness. All of the community’s 435-square foot affordable studio residences will be deeply affordable. The seven-story building will include multiple common areas for communal gathering, fitness room, game room, covered patio, and other amenities, as well as support services.
The interested list for Zilker Studios is currently open >>
Balcones Terrace Apartments
123 Units | Opening late 2022 at 10024 N. Capital of Texas Hwy in north Austin
Balcones Terrace was previously a hotel, which we are converting into a supportive housing community for single adults. Many of the residents will transition directly from homelessness.
The interested list for Balcones Terrace is currently open >>
Please stay tuned for construction updates and leasing information.
Other Planned Communities
COMMUNITIES FOR FAMILIES
Parker Lane Apartments
Opening late 2023 at 2105 Parker Ln in southeast Austin
Parker Lane Apartments, located not far from downtown Austin, will be a new multi-family development. Will support and partnership from the site’s previous owner, Parker Lane United Methodist Church, Parker Apartments is set to include a learning center, a food pantry and other resident – and neighborhood-serving programs.
Juniper Creek Apartments
Opening late 2024 at 11630 N. Lamar Blvd
Residents of this multi-family community will be able to access services at Laurel Creek Apartments next door, including the Learning Center, Open Door Preschool and food pantry. Several services and amenities will also be available on-site, including a full-time case manager and a plethora of kid- and pedestrian-friendly outdoor spaces.
Norman Crossing Apartments
Opening late 2024 at 3811 Tannehill Ln in northeast Austin.
Norman Crossing will be a 156-unit family property next to Norman-Sims Elementary. Norman will also include affordable homeownership units that will be built by Austin nonprofit Guadalupe Neighborhood Development Corporation.
Laurel Creek Apartments
11704 N Lamar Blvd
Laurel Creek has been open since late 2021. However, there are still features we would like to add to the property to make it more energy efficient.
COMMUNITIES FOR SINGLE ADULTS
Burleson Village Apartments
Opening in late 2024 or early 2025 at 7905 Burleson Rd in southeast Austin
Foundation Communities is excited to collaborate with Mobile Loaves and Fishes to build this supportive housing community for single adults within a new Community First! Village, a micro-home community. This village will include healthcare centers, a grocery store, and a variety of other businesses.
Recently, we opened our doors at The Jordan, Waterloo Terrace and Laurel Creek. Our waiting lists for housing have never been longer, and that’s why we keep growing. For many of our residents, finding Foundation Communities means charting a new path forward.
“This place has been the answer to my prayers,” said Allen, a resident at Capital Studios. “I now wake up each day with real purpose and joy.”