Foundation Communities Pushing To Complete 1,000 Units In 5 Years

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Housing nonprofit Foundation Communities is working on eight new properties throughout Austin. foundcom

Zilker Studios, under construction on South Lamar, should be open to residents – single adults exiting homelessness – by year's end.is making a concerted push to close a $30 million funding gap needed to enable construction ofacross eight properties, located throughout Austin, that will be reserved for more than 2,000 lower-income earners.

“Historically, we’ve developed one property a year with two or three in the pipeline at times,” Moreau told the. “But we’ve never had eight in development at one time. It’s evidence of the huge community need we are seeing in Austin for affordable housing.”

 

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