The newly-constructed facility will offer much needed community-based housing for low-income seniors with proximity to major retail and transit centers.

artist's redntiion of Franklin Gardens

Development: Franklin Gardens
Award Recipient: Chestnut Neighborhood Revitalization Corporation
Development Profile: Rental housing; acquisition and new construction.
Total Housing Units: 22
Investment Impact: 22 affordable housing units at 40 years
Affordability: 50% median family income or less
Location: MLK and E.M. Franklin, Austin, TX 78723
Source of Funding: General Obligation Bonds
Amount Awarded: $1,000,000
Date approved by AHFC Board: April 30, 2009
Project Status: Construction completed; Open House March 5, 2011