This project involved acquisition and construction of housing for youth aging out of foster care.

 

The Works at Pleasant Valley

Development:  The Works at Pleasant Valley
Award Recipient:  LifeWorks Affordable Housing Corp.
Development Profile:  Rental housing; acqquisition and new construction facility for youth aging out of foster care. 
Total Housing Units: 45
Investment Impact: 45 units at 99 years
Affordability: The Works is an affordable housing complex with 45 units ranging from efficiencies to three bedroom apartments. It includes 20 units for individuals/families that have qualified for Permanent Supportive Housing, 12 units for Young Parents, and 13 units for those eligible from the Austin Community. It will support 78 to 100 individuals/families per year that are at 30-50% of median family Income.
Location: 825 N. Pleasant Valley Rd., Austin, Texas 78704
Source of Funds: General Obligation Funds
Amount Awarded: $650,000 (GO Bonds) $200,000 (Housing Trust Fund)
Date approved by AHFC Board: April 5, 2012
Project Status: Grand Opening on Jan. 17, 2014