D3 permanent supportive housing project reaches financing goal

The Roz, a 100-unit affordable, permanent supportive housing community in District 3 supported by the city’s Housing Department, has reached its financing goal and can continue with construction to reach a spring 2026 opening. The 1.6-acre project near Mabel Davis District Park will serve people experiencing or at risk of homelessness. The Roz is a collaboration between SGI Ventures, Saigebrook Development, O-SDA Industries, New Hope Housing and the Austin Housing Finance Corporation (AHFC). The $24 million project will include fully furnished studio apartments, with utilities covered and rental assistance through 100 dedicated vouchers. Residents will have access to amenities like a library, cyber lounge, multipurpose room and spaces for supportive services. Volunteers of America will manage the property, and Family Endeavors will provide support services. Funding sources include $16.3 million from low-income housing tax credits and $5.5 million from the city’s rental housing development assistance program.