<body><div>Mixed-income community offers 80 modern units in North Austin’s Brentwood neighborhoodAUSTIN, TX – The City of Austin Housing Department celebrated the grand opening of a mixed-income community, June West, with Saigebrook Development and O-SDA Industries. The development consists of studio, one, two, and three-bedroom units serving families at 30%, 50%, 60%, and 80% median family income (MFI). Located at 1200 W. Koenig Lane, the 1.13-acre property also includes a children’s playroom, clubhouse with community room, cyber lounge, fitness center, and bicycle parking. All common spaces are designed for persons with limited mobility, and all units are fully adaptable and elevator served.“The June West development shows our commitment to offering various affordable housing choices that meet the needs of all Austinites,” said Mandy DeMayo, Interim Director for the Housing Department. “By offering housing options for diverse income levels, this community enriches North Austin and provides sustainable living spaces for residents to take pride in.”Construction began in September 2022 after being approved for a loan agreement with the Austin Housing Finance Corporation (AHFC). June West received $3.7 million from AHFC through the 2006 and 2018 General Obligation (GO) Bonds and the Rental Housing Development Assistance (RHDA) program, and 9% Low-Income Housing Tax Credits (LIHTC) from the Texas Department of Housing and Community Affairs (TDHCA) with assistance from Hudson Housing Capital. Additional funding for the development is as follows: a Construction Loan by Capital One, Permanent Debt by Legacy Bank &amp; Trust, and a Texas State Affordable Housing Corporation (TSAHC) Construction Loan. <figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4E0gjP_0wPu34xl00" alt="https://img.particlenews.com/image.php?url=4E0gjP_0wPu34xl00" width="1024" height="683" ></figure>Left: Fitness center at June West. Right: Community clubhouse / Photo credit: Saigebrook DevelopmentLocal Public ArtAs a continued commitment to local public art, Saigebrook and O-SDA commission local artists to create original sculptures, mosaics, or other forms of artwork in each of their communities. The following local artists created the onsite murals at June West:<ul><li>Sculptor, Jonas Criscoe, native Austinite</li><li>Muralist, Priscilla Lustig, based in Austin and Los Angeles</li><li>Muralist, Alannah Tiller, based in San Antonio</li><li>Muralist, Becca Gordon, lives in Austin</li><li>Muralist, Alex Saxon, Dallas native</li></ul><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3EPoXK_0wPu34xl00" alt="https://img.particlenews.com/image.php?url=3EPoXK_0wPu34xl00" width="1024" height="683" ></figure>A June West unit / Photo credit: Saigebrook DevelopmentJune West also participated in the S.M.A.R.T. Housing program, which is designed to stimulate the production of housing for low- and moderate-income Austinites by providing fee waivers for development permits in exchange for onsite income-restricted units. One of the requirements for this program is that all units meet Austin Energy Green Building Program (GBP) standards. This means that the property has sustainable building practices for energy and natural resource conservation, which has a significant impact on resident’s out-of-pocket costs.The Austin Housing Finance Corporation thanks all the partners who helped make June West a reality. Resources for affordable housing are available online at www.austintexas.gov/housing.About the City of Austin Housing DepartmentThe City of Austin Housing Department provides equitable and comprehensive housing solutions, community development, and displacement prevention services to enhance the quality of life of all Austinites. To access affordable housing and community resources, visit www.austintexas.gov/housing.About the Austin Housing Finance CorporationThe Austin Housing Finance Corporation (AHFC) was created as a public, non-profit corporation and instrumentality of the City of Austin. The mission of the AHFC is to generate and implement strategic housing solutions for the benefit of low- and moderate-income residents of the City of Austin.About Saigebrook DevelopmentSaigebrook Development, LLC creates exceptional affordable housing developments that serve the local workforce while also providing options for market rate rental units within each community. Established in 1996, the WBE- and HUB-certified real estate development consulting firm has developed and constructed more than 6,800 rental homes across the southeastern United States.About O-SDA IndustriesO-SDA Industries, LLC is a City of Austin MBE/WBE/Texas HUB-certified real estate development firm with deep expertise in building affordable housing communities that meet the unique needs of each city and individual neighborhood they serve. Since 2011, O-SDA has been part of over 25 successful 9% Housing Tax Credit applications for projects across the state of Texas.</div></body>

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June West Creates Affordable Housing Opportunities for Families Across All Income Levels

Mixed-income community offers 80 modern units in North Austin’s Brentwood neighborhood. AUSTIN, TX – The City of Austin Housing Department celebrated the grand opening of a mixed-income community, June West, with Saigebrook Development and O-SDA Industries. The development consists of studio, one, two, and three-bedroom units serving families at 30%, 50%, 60%, and 80% median family income (MFI). Located at 1200 W. Koenig Lane, the 1.13-acre property also includes a children’s playroom, clubhouse with community room, cyber lounge, fitness center, and bicycle parking. All common spaces are designed for persons with limited mobility, and all units are fully adaptable and elevator served.