The newly-constructed facility will offer much needed community-based housing for low-income seniors with proximity to major retail and transit centers.
| Development: | Franklin Gardens |
| Award Recipient: | Chestnut Neighborhood Revitalization Corporation |
| Development Profile: | Rental housing; acquisition and new construction. |
| Total Housing Units: | 22 |
| Investment Impact: | 22 affordable housing units at 40 years |
| Affordability: | 50% median family income or less |
| Location: | MLK and E.M. Franklin, Austin, TX 78723 |
| Source of Funding: | General Obligation Bonds |
| Amount Awarded: | $1,000,000 |
| Date approved by AHFC Board: | April 30, 2009 |
| Project Status: | Construction completed; Open House March 5, 2011 |