Affordable housing project coming to Austin

Austin Real Estate News

Smart Austin Realty Group

September 20, 2022

AUSTIN – Foundation Communities is turning the Townplace Suites at Marriott
into an affordable housing community called Balcones Terrace.

The $26.5 million project will have 123 efficiency units. Thirty-one will be
for those earning ​at or below 30 percent of the median family income, 31 for
those at or below 40 percent, and 61 for those at or below 50 percent.

The city provided $2.6 million for the project.

texaslogo.pngThe Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: Connect CRE​

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