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Affordable housing, and Ben Carson, comes to Austin

Thursday, September 20, 2018 by Chad Swiatecki

On Wednesday, the Housing Authority of the City of Austin broke ground on the redevelopment of Pathways at Goodrich Place, an affordable housing complex in the Zilker neighborhood that will triple in size to 120 units upon completion. The ceremony was attended by Ben Carson, secretary of the U.S. Department of Housing and Urban Development, among other dignitaries, to mark the occasion of the redevelopment enabled in part by assistance from the federal Rental Assistance Demonstration program. Projects with RAD assistance are able to enter into public-private partnership agreements to secure investment to fund maintenance, improvements and expansions. The 40 existing units at Goodrich Place will be replaced with modern living quarters, plus another 80 to meet some of the city’s growing demand for affordable housing. Early last year Madhouse Development, the private-side firm leading the project, applied for tax credits to offset the cost of the construction. The 80 additional units were expected to be available at price points between 30 and 60 percent of the area’s median family income, while the reconstructed units would remain at their existing 30 percent MFI price. HACA recently received $15 million in competitive housing tax credits from the Texas Department of Housing and Community Affairs to assist with the project cost.

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