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TSAHC Awards $23.5 Million in Private Activity Bonds to Finance Juniper Creek Apartments

September 7, 2023

TSAHC has recently awarded $23.5 million in Private Activity Bonds to Foundation Communities to provide capital for the construction and development of Juniper Creek Apartments. When complete, Juniper Creek will create 110-units of affordable rental housing targeted for low-income households. Approximately 25% of the total units will serve those facing homelessness and households earning up to 30% of the area’s median income.

Foundation Communities is an Austin based non-profit, well known for providing high quality affordble rental housing. They have 19 affordable apartment communities for low- and moderate-income families, as well as eight single room occupancy apartment communities for extremely low-income adults who are experiencing homelessness or at risk of becoming homeless. Foundation Communities has provided homes for more than 8,000 residents. In addition to housing, they also provide numerous free services including after school care, adult education programs, tax preperation, health coverage enrollment, healthy food pantries and other health initiatives.