Travis apartments (Photo by John Anderson)
On November 10th, the Travis County Commissioners Court celebrated the grand opening of Travis Flats Apartments, a mixed-use, mixed income condominium located at 5310 Helen St., 53½ St., and Airport Boulevard in the North Loop neighborhood. Rents for the 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. Dollars a month three-bedroom. That’s well below market rents in Central Austin; On November 11, the average rental on the apartment list for a studio apartment in Austin was $ 1,644 and for a three-bedroom apartment was $ 2,702.
Of the complex’s 146 units, 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 targeting the “missing middle” at market prices – a population prone to pricing in the Austin area, “as described in the Travis County’s press release. In addition to a fitness center, media lounge, children’s activity center, and Wi-Fi-enabled communal room, the development includes 80,000 square feet of office space, in which the Health and social services, Veterinary services, and District clerk jury pass Offices.
Plans for Travis Flats began in 2016 when Travis County Housing Finance Corporation in partnership with DMA development company and Southwest Strategies Group to convert a parking lot next to the office complex of the district’s North Campus into both required workplaces and affordable living space. Construction began in 2019 and was completed in June. It financed $ 1.5 million in federal tax credits from the Texas Department of Housing and Community Affairs and $ 2 million in Austin city bonds and grants. As a SMART housing Development, Travis Flats also received a city fee waiver of $ 750,000.
In addition to strengthening the affordable Austin housing portfolio that serves people making “approximately $ 9.00 to $ 20.00 an hour,” Travis Flats will provide educational services such as ESL, GED prep, professional training, credit counseling, and “other supportive services.” Offer services that promote job stability and / or career mobility. ” The development is served by CapMetro Route 350 and is close to an HEB and the ACC Highland Campus; Commissioners hope Travis Flats will have “significant economic effects … more than 12 million [homes], close to job opportunities, amenities, and quality schools. “