This tax credit development lies with in a Transit Oriented Development area along the MetroRail Red Line. This development of 150-units will offer newly constructed and energy-efficient affordable living to working families.

artist's rendition of M Station

Development: M Station
Award Recipient: Foundation Communities
Development Profile: Rental housing; acquisition and new construction of mixed-income complex. This tax credit development lies with in a Transit Oriented Development area along the MetroRail Red Line. This development of 150-units will offer newly constructed and energy-efficient affordable living to working families.
Total Housing Units: 150
Investment Impact: 89 units at 99 years
Affordability: 15 affordable housing units at 30% median family income or less, 75 affordable units at 50% median family income or less
Location: 2906 E. MLK St., Austin, TX, 78702
Source of Funding: General Obligation Bonds
Amount Awarded: $2,000,000
Date approved by AHFC Board: July 23, 2009
Project Status: Completed. Grand Opening held November 9, 2011