North Austin News

The City of Austin Housing Department has announced the opening of Ekos City Heights apartments, located in District 2 on the city's south side at 4400 Nuckols Crossing Road. This new housing project is a collaboration between McDowell Housing Partners and the Austin Housing Finance Corporation (AHFC), with Asset Living as the property manager. The complex consists of 179 income-restricted units, offering one and two-bedroom options. Ten units are designated as permanent supportive housing.

Mandy DeMayo, Interim Director for the Housing Department, stated, "We are excited to celebrate the opening of yet another property that is not only an affordable housing residence but one which will also serve those 55 and older, individuals with impairments and those exiting homelessness." She emphasized the city's commitment to providing housing solutions for seniors and people experiencing homelessness.

Chris Shear, Chief Operating Officer for McDowell Housing Partners, highlighted the design focus of Ekos City Heights: "This community-focused initiative not only offers accessible, comfortable housing but also fosters an engaging atmosphere where seniors can actively participate in social and recreational activities."

Of the total units available, 110 are allocated for households earning at or below 50 percent of the median family income (MFI), while 59 units cater to those at or below 80 percent MFI. The remaining ten units are reserved for households earning at or below 30 percent MFI. Additionally, eighteen units are accessible to persons with mobility impairments, and four units accommodate those with hearing or visual impairments.

The development cost for this project was approximately $42 million. Funding sources included a $3 million loan from AHFC's Rental Housing Development Assistance program—financed through General Obligation Bonds and the Housing Trust Fund—$21 million in Permanent Loan Bonds, and $17.5 million in Low-Income Housing Tax Credits equity.

The Texas Department of Housing and Community Affairs administers the state's housing tax credit program under which developers sell federal tax credits to investors who provide equity for low-income rental developments.