Key to the efforts to disperse affordable housing throughout Austin, this development of 50 new single-family homes is located in South Austin 78745, offering ownership opportunities to low- and moderate-income buyers. The subdivision will offer a shared equity model that will ensure long-term affordability.
| Development: | Westgate Grove Ownership Project |
| Award Recipient: | PeopleTrust/MoMark Development |
| Development Profile: | Property acquisition and new construction of single-family homes. |
| Total Housing Units: | 50 |
| Investment Impact: | 50 affordable housing units at 99 years |
| Affordability: | 50 units at 80% median family income or less |
| Location: | Cameron Loop, Austin, TX 78745 |
| Source of Funding: | General Obligation Bonds |
| Amount Awarded: | $1,815,300 |
| Date approved by AHFC Board: | September 24, 2009 |
| Project Status: | Site development permit approved February 2012 |