The Garden Terrace Apartments, located at 1015 William Cannon Blvd., will be developed in conjunction with the Capitol Area Homeless Alliance. It will serve people with incomes at or below 50% of the median family income.
The CAHA, founded in 1977, manages the Austin Resource Center for the Homeless, which provides support services to more than 3,500 homeless people a year. "This is a significant development for the Housing Continuum, which the city of Austin has helped to establish," Paul Hilgers, community development officer, said. "The Garden Terrace facility, through the support of locally based non-profits, will help people reach self-sufficiency."
He said Garden Terrace is the first single-room occupancy facility funded by the housing finance corporation. "It provides some great assistance for people who really need it," he added.
The developer of the apartments, Garden Terrace Housing Corp., is an affiliate of Foundations Communities. It has has developed and operated affordable rental housing for low-income families in Austin for more than a dozen years.
Each unit will be about 200 sf and include a kitchen and bathroom. Nine units will be made accessible to people with mobility, sight and hearing disabilities. The building had been the Cannon Oaks Nursing and Rehabilitation Center.
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