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East Austin Hosting $6.1M Seniors Housing Project

AUSTIN-The 54-unit complex is coming out of the ground as affordable housing. In the last 18 months, more than 1,400 affordable units have opened or announced for Austin. The Family Eldercare project breaks ground in the spring.

By Tim Green | Updated on October 30, 2002

AUSTIN-A $6.1-million affordable multifamily project for senior citizens is slated for East Austin, adding to the community’s inventory of affordable housing. The 54-unit complex is to be built on a triangular parcel at 2700 Lyons Rd.

More than 1,400 affordable housing units have opened or announced for Austin in the past 12 to 18 months, according to GlobeSt.com records. Austin Investor Interests, in its latest quarterly report, notes the increase and adds that the new affordable projects are “less distinguishable from that of some conventional properties.”

The 2700 Lyons Rd. project is an effort of Family Eldercare, an Austin agency that provides services to senior citizens. The complex will be situated on 2 1/2 acres in the east submarket, close to the Conley-Guererro Senior Center along Pleasant Valley Road and the Rosewood Zaragosa Medical Clinic.

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