The court had previously approved the resolution at a March 24, 2020 meeting, however the Texas Department of Housing and Community Affairs (TDHCA) recently amended its rules in December regarding the concentration of Low Income Housing Tax Credit (LIHTC) housing units in a census tract and the county needed to follow up.
The project, Capitol View Flats, would occupy a 17.5-acre tract south of Austin on undeveloped land assembled from three lots. It is located at 9002 Capitol View Drive in the extraterritorial jurisdiction of the City of Austin.
Elmington Capital Group, LLC in partnership with the Travis County Housing Finance Corporation, submitted a request to the Community Development Block Grant office for a Fair Housing Review in order to receive a resolution of no objection for a 4% LIHTC allocation.
Elmington Capital Group, LLC will now submit an application to the TDHCA next month.
The proposed Capitol View Flats would include units offered to residents earning over 50% and up to 60% of the median family income.
A clubhouse that offers a fitness center, business center, and community room are part of the development, according to documents submitted to the court.
Outdoor amenities will include walking trails, a swimming pool, dog park, playgrounds and open green space.
Also, support services for residents may include adult education classes, afterschool programming, fitness classes, financial literacy courses, and social programming — free of charge.
Resident support services may include, but are not limited to, adult education classes, afterschool programming, fitness classes, financial literacy courses, and social programming, all free of charge to residents.
The development will consist of 72 one bedroom, one bath units, 144 two-bedroom/two bath units, 84 three-bedroom/two bath units and 24 four-bedroom/two-and-a-half bath units.
A hard construction cost estimated is not readily available, but according to Elmington Capital Group, LLC, site work will cost $5.83 million, with offsite work costing another $1.32 million. The offsite work includes the water and wastewater extensions, a public sidewalk and the roadway extension.
There is no estimated construction timeline or delivery method. The Austin office of Kimley-Horn is the project engineer.
Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.