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Sierra Vista (Formerly Shady Oaks Apartments)
This mixed-income development will offer permanently affordable rental housing for working families. Located in a South Austin core transit corridor, development highlights include providing a variety of services to families in partnership with St. Elmo Elementary School.
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| Development: | Sierra Vista (formerly Shady Oaks Apartments) |
| Award Recipient: | Foundation Communities |
| Development Profile: | Rental housing and learning center; acquisition and rehabilitation of existing apartment complex. |
| Total Housing Units: | 238 |
| Investment Impact: | 143 affordable housing units at 99 years |
| Affordability: | 24 units at 30% median family income or less, 119 units at 50% median family income or less |
| Location: | 4320 S. Congress, Austin, TX, 78745 |
| Source of Funding: | General Obligation Bonds |
| Amount Awarded: | $3,000,000 |
| Date approved by AHFC Board: | December 10, 2009 |
| Project Status: | Construction complete. Dedication held on August 22, 2012. |
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