This project involved acquisition and conversion of a former extended stay hotel into a Single Room Occupancy (SRO) housing facility serving formerly homeless and very low income single persons.

photo of Arbor Terrace SRO

Development: Arbor Terrace SRO
Award Recipient: Foundation Communities
Development Profile: Rental housing; acquisition and conversion of a former extended stay hotel into a Single Room Occupancy (SRO) housing facility serving formerly homeless and very low income single persons.
Total Housing Units: 120 (25 Permanent Supportive Housing units)
Investment Impact: 120 affordable housing unit at 99 years
Affordability: 50% median family income or less
Location: 2501 South IH 35
Source of Funding: General Obligation Bonds and CDBG
Amount Awarded: $898,934 (GO Bonds) and $1,101,066 (CDBG). Total funding $2,000,000.
Date approved by AHFC Board: December 9, 2010
Project Status: Renovations Complete. Opened August 2012