AUSTIN, Texas — More than 100 apartment units in northwest Austin soon will be available to income-qualified renters, according to a report from KVUE's media partners at the Austin American-Statesman.
The 175 units at the Bridge at Ribelin Ranch complex will be one- to three-bedroom units and will cost between $1,350 to $1,900. These units will reserved for individuals and families making less than 80% of the region's median family income, the Statesman reported.
The income parameters equate to $55,400 for an individual, $63,300 for a two-person household, $71,200 for a family of three and $79,200 for a family of four.
According to the Statesman, the apartments are being made available within a partnership project between Austin Affordable Housing Corp. and the Community Development Trust.
The property is located at 9900 McNeil Drive.
Mike Gerber, chief executive officer of the Housing Authority, told the Statesman that the purchase by the new joint venture "shows how an innovative public-private partnership can overcome the barriers facing the development of affordable housing today in Austin."
For a look at the full Statesman report, click here.
PEOPLE ARE ALSO READING: