AUSTIN – Foundation Communities is turning the Townplace Suites at Marriott
into an affordable housing community called Balcones Terrace.
The $26.5 million project will have 123 efficiency units. Thirty-one will be
for those earning at or below 30 percent of the median family income, 31 for
those at or below 40 percent, and 61 for those at or below 50 percent.
The city provided $2.6 million for the project.
The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: Connect CRE