AUSTIN, Texas — A new affordable housing community is coming to North Austin.
Foundation Communities announced Wednesday a community called Waterloo Terrace, located at 12190 N. MoPac Expressway. The community will have 132 efficiency studios with rents ranging from $475 to $855 including utilities. Each studio will have a full kitchen, bathroom, living space and sleeping space.
Foundation Communities' 25th affordable housing community will target low-income Austin residents, including formerly homeless veterans, seniors and people with disabilities. In fact, 42 units are reserved for homeless and low-income vets. Foundation Communities said they received more than 1,000 applications.
Residents at the community will have services available to them, including a food pantry through Central Texas Food Bank and Keep Austin Fed, computer classes, a fitness room, health and vision screenings and educational programs.
Austin leaders are holding a ribbon-cutting ceremony for the community Wednesday.
This comes as the City of Austin unveiled a blueprint to address homelessness and camps in the city. Phase one of the initiative is expected to be complete by late summer.
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