Transportation
Development
BY HALEY MCLEOD
BY BRITTANY ANDERSON
A partnership of the Austin Housing Finance Corporation, Texas Housing Conservancy and Civicap Partners is preserving hundreds of a ordable units near The Domain. The partnership’s acquisition of apartment complex Twelve100, announced in January, will keep a ordable housing options for “generations to come” by providing eligible residents with decreased monthly rents, TXHC President and CEO Monica Medina said. TXHC and AHFC have now acquired nine properties and preserved about 700 a ordable units across Austin, Medina said. “We’re seeing [rent prices] softening right now, but once the market comes back, rents are going to continue to escalate in that area,” Medina said. 384 a ordable units preserved
$4.3 million contract jump starts all-electric bus eet On Feb. 27, electric mobility infrastructure com- pany Camber announced an expanded partnership with Austin’s public transit provider CapMetro. The company received a $4.3 million contract to install new large-scale charging infrastructure. The impact Camber’s delivery of 2.9 megawatts of power to CapMetro’s main bus depot enables the agency the ability to charge up to 48 electric buses CapMetro approved a contract to install charging infrastructure in its plans for an all-electric eet.
ABIA begins parking garage project Making room for the future one level at a time, airport and city o cials broke ground on a new parking garage at Austin-Bergstrom International Airport on Feb. 28. The details Marking another milestone coming online for the airport’s multimillion-dollar expansion, the new parking garage will add an estimated 7,000 spaces, as well as electric vehicle charging stations and smart parking and toll gate technologies. The $15 million for design and $250 million for construction of the garage is fully funded by the airport. The project is paid for through airport reserves, revenue and future bonds— without using local tax dollars. The project is part of plans for a multiyear expansion known as Journey with AUS.
What residents should know
Twelve100 features one-, two- and three-bedroom units along with community amenities such as a resort- style pool, tness center, playground and dog park. Average monthly rent at the property ranges from $1,600-$1,700, Medina said. Through the acquisition, the a ordable housing program will be able to reduce some rents to under $1,000. TXHC also brings programming to residents at properties it acquires, Medina said, such as nancial literacy and health and wellness classes, farmers markets, and back-to-school supply giveaways. Current or future Twelve100 residents interested in the a ordable housing program must meet certain income requirements based on household size and Austin’s median family income.
“Both the size and scale of what [CapMetro’s] looking to do, in terms of electri cation within Austin, is really exciting.” BRENDAN HARNEY, CAMBER PRESIDENT
A partnership preserved 384 units at apartment complex Twelve100 in North Austin.
simultaneously. How we got here
Twelve100 Apartments
CapMetro o cials outlined goals of reaching net-zero carbon emissions by 2040, giving the green light for a $255 million purchase of 197 electric-powered buses in the fall of 2021. As part of plans for Project Connect approved by voters in 2020, the purchase represents the largest procurement of electric vehicles in U.S. history, according to CapMetro o cials.
Under the partnership, Camber installed two charging systems and will continue to provide maintenance. The company will add more over- head charging infrastructure on routes in the near future, Camber President Brendan Harney said.
STONEHOLLOW DR.
N
HYMEADOW 12611 Hymeadow (512) 506-8401
NORTH 620 10601 N FM 620 (512) 506-8316 NORTH LAMAR
ARBORETUM 10515 N Mopac Expy (512) 342-6893
914 North Lamar (512) 214-6665
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