photo of Sierra Vista

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.