Construction has started on a $21 million apartment project in North Austin that will have 228 units with moderate rents.
The Strategic Housing Finance Corporation of Travis County and Louisville-based LDG Development confirmed the launch of the project — to be called the Paddock at Norwood — to the American-Statesman on Monday. The project comes as the city of Austin struggles to meet the need for more low-cost housing and plans to seek voter-approval this fall for $65 million in bonds to build, repair and renovate affordable housing units.
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