Travis mixed-income and mixed-use apartments open in North Loop: County-backed development combines office space with affordable housing – News
Travis Apartments (Photo by John Anderson)
On November 10, the Travis County Commissioners Court celebrated the inauguration of Travis Apartments, a mixed-use, mixed-income development at 5310 Helen St., 53½ St. and Airport Boulevard in the North Loop neighborhood. Rents for floor plans with cute Austin-centric nicknames – “The Lady Bird”, “The Zilker”, “The Paramount”, “The Moon Tower” – range from $ 990 per month for studios to $ 1,950 $ per month three-bedroom. This is well below the rents in the central Austin market; as of November 11, the average rent on the apartment list for a studio apartment in Austin was $ 1,644 and for a three bedroom apartment was $ 2,702.
Of the 146 units at the resort, 122 are affordable for those earning 60% or less of the region’s median income – currently $ 59,340 for a family of four – with the remaining 24 units at market rate being for the “missing average.” – a population vulnerable to pricing outside of the Austin area, ”as described in the Travis County press release. In addition to a fitness center, multimedia lounge, children’s activity center and community room with Wi-Fi, the development includes 80,000 square feet of office space, which houses the county Health and social services, Veterans Services, and Jury-Passport Clerk desks.
Plans for Travis Flats began in 2016, when Travis County Housing Finance Corporation in partnership with DMA Development Company and South West Strategies Group to redevelop a parking lot next to the North County Campus office complex into necessary workspaces and affordable housing. Construction began in 2019 and was completed in June, funded, among other loans, by $ 1.5 million in federal tax credits from the Texas Department of Housing and Community Affairs and $ 2 million in funds. Austin City Bail Bonds and Grants. Like a INTELLIGENT housing development, Travis Flats also received $ 750,000 in fee waivers from the city.
In addition to bolstering Austin’s affordable housing stock, serving people earning “about $ 9.00 to $ 20.00 an hour,” Travis Flats will offer educational services like English as a Second Language, prep to GED, vocational training, credit counseling and “other support services that ensure job stability and / or upward professional mobility. The development is served by the CapMetro 350 road and is close to a HEB and the ACC Highland Campus; Commissioners hope that Travis Flats will generate “a significant economic impact … $ 12 million and more in terms of local construction activity and the ripple effect of income and expenditure spending. local job creation “, as well as providing” stable, high quality and affordable multi-family housing [homes], close to employment opportunities, amenities and quality schools. “