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Tag Archives: Foundation Communities

Foundation Communities gets $1.5M, seeks more to fund affordable housing projects

A pair of affordable housing apartment complexes from Foundation Communities have received $1.5 million in subsidies to help pay for their construction costs and cover part of a remaining fundraising gap. Wells Fargo and the Federal Home Loan Bank of…

Planning Commission recommends newest Foundation Communities project

The Planning Commission has backed the latest project by local affordable housing developer Foundation Communities, recommending Multifamily-Moderate Density (MF-4) zoning for an 8-acre, church-owned property at 2105 Parker Lane in Southeast Austin. The Parker Apartments will offer 135 units affordable…

East Austin community looks to AISD for affordable housing

At a September meeting of the Austin Independent School District Board of Trustees, almost half of the public comments weren’t about academic issues. Instead, they were about housing. Students, parents, teachers and other community members were asking the board to…

Dukes dunks county's North Campus plans

State Rep. Dawnna Dukes’ surprise support for a competing project hobbled Travis County’s quest for tax credits for an innovative mixed-use development on Airport Boulevard. “We’re not thrilled,” Economic & Strategic Planning Director Mark Gilbert told the Austin Monitor on…

Who's building Austin? As city grows, construction workers are getting left behind

At the end of the workday in downtown Austin, streams of construction workers start pouring out of the city. They spend their days building the condos and office buildings that will make up the new Austin, but they go home…

Court denies injunction against Foundation Communities

How much havoc can one neighbor wreak on a $20 million affordable housing project backed by federal, state and local governments and nonprofits? Potentially, quite a bit. On Tuesday, Foundation Communities avoided potential disaster for its Bluebonnet Studios on South…

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RECA report on affordability blames city, neighbors

As the city struggles to provide development review services needed to ensure that its many regulations are being followed, the Real Estate Council of Austin reports that “Austin is steadily losing ground in its efforts to become a ‘beacon of…

Foundation Communities project back on track after BoA delay

An attempt to thwart construction of Foundation Communities’ Bluebonnet Studios fell flat at the Board of Adjustment on Monday night. Michael Sullivan, who owns the property adjacent to the Bluebonnet Studios site, asked the board to reconsider two city staff…

Zimmerman struggles to stop subsidized housing

There are only two subsidized housing developments in City Council Member Don Zimmerman’s District 6, as compared to 47 in Council Member Ora Houston’s District 1 and 46 in Council Member Pio Renteria’s District 3, according to data compiled by…

Capital Metro hears proposals to redevelop Plaza Saltillo area

It’s a familiar headline at this point, but more change is coming to East Austin.   After years of planning and discussion, Capital Metropolitan Transportation Authority is on the verge of selecting a development plan for the Plaza Saltillo area.…

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