HATC Completes $10.4 million rehabilitation project
Built in 1980, Alexander Oaks and Summit Oaks apartments located in the suburban settings of Southwest and Northwest Travis County collectively total 75 duplex style affordable housing apartments.
Over time, these affordable housing communities faced deterioration and decline. As a result, HATC applied for funding and in July 2017 received a reservation of 9% Low-Income Housing Tax Credits (LIHTC) via the Texas Department of Housing and Community Affairs’ (TDHCA) Texas Housing Credit Program At-Risk Pool. The allocation of $901,883 in Tax Credits allowed HATC to leverage $10.4 million to rehabilitate Alexander Oaks and Summit Oaks Apartments.
The rehabilitation efforts support the agency’s 44-year commitment to improve the quality of life for Travis County low-income families and individuals.
Check out the ribbon-cutting ceremony below!
“The rehabilitation of the units at both Alexander Oaks and Summit Oaks Apartments is an important milestone in the 44-year history of HATC, and supports our goal of preserving and maintaining affordable housing for Travis County residents for years to come”, says Ann Denton, Chairperson of the HATC Board of Commissioners.
I applaud the efforts of the Housing Authority of Travis County on diligently working to improve the quality of life for low-income families in Travis County”, stated by Gerald Daugherty, Precinct 3 Travis County Commissioner.
