The Focus in Austin Is Green
By Caitlin Jones
1 min read
Tax Credit Advisor, February 2011: In Austin, Texas, Foundation Communities is developing a 150-unit low-income housing tax credit project that will have many green features, and is retrofitting its existing apartment properties to make them more energy efficient.
The new LIHTC project, M Station, will be a quarter-mile from the Martin Luther King Station on the new commuter rail line that opened last spring, and is located in a city-designated transit-oriented district.
“We’re a nonprofit affordable housing provider based here in Austin,” says Sunshine Mathon, Design + Development Director with Foundation Communities. “The majority of our properties are here in Austin but, we do have three properties in the Dallas-Fort Worth area as well. All told, we own and operate in the ballpark of 2,200, soon about 2,500, rental apartments.”
