Building could start in 2014 if credit OK’D
among others, McIver said.
If the tax credit application is successful, DMA could begin construction in 2014. Nelsen Architects would design the project, and Carleton Construction would build it. The project would be the second apartment development for DMA at Mueller. DMA also developed Wildflower Terrace, an apartment community for seniors.
“There are still a number of milestones in the process, but given our success at Wildflower Terrace and criteria that makes Mueller a favorable location for this type of housing, we believe we have a good chance at securing the funding we need to make this next project viable,” McIver said.
If the tax credits don’t come through, she said, “we will likely explore alternative affordable In other apartment news:
Austin-based developer Oden Hughes LLC has broken ground on the first phase of a 570-unit apartment project near the bustling Southpark Meadows mixed-use development in South Austin.
Called Landmark Southpark, the first phase will have 285 apartments and amenities such as a pool, clubhouse, fitness center, gaming center and dog park. Rents will range from $750 to $1,700 a month.
The project is near the southwest corner of South First Street and Slaughter Lane, just across from the Southpark Meadows shopping center.
The first phase is expected to wrap up in the first quarter of 2014. A second phase, also with 285 units, will begin in 2014. housing strategies for the site.”
At Wildflower Terrace, the more moderately priced one-bedroom units rent from $360 to $780 a month, with market rate units of $950 to $1,200 a month. The two-bedrooms go for $725 to $925 a month, with market rates for those units going from $1,300-$1,600 a month.
Elsewhere at Mueller, AMLI Residential plans to start next year on 279 apartments that would have mostly market rate units, but also would set aside 15 percent of its units for residents who earn 60 percent or less of Austin’s median family income.
Walter Moreau, director of Foundation Communities, a nonprofit that provides affordable housing and support services for low-income families and individuals, said there is a critical need for more such housing in the region.
“All of our 1,900 apartment and duplex homes at Foundation Communities are full, and we’ve never seen waiting lists this long,” Moreau said in an email. “Austin seems to be in another pre-boom phase. Rents on existing apartments are climbing, and almost all of the new apartment construction is for high-end rents.”
Every Monday, Moreau said, Foundation Communities’ social work team reviews about 15 new applications from families with children for its supportive housing program.
“These are families