What we reported
Georgetown’s Planning Department identified 14 multifamily housing projects in early 2017 that were either under development or in early planning stages within city limits. The projects together would add more than 2,400 new multifamily units to the city, including a mix of apartments, condominiums and townhomes. New multifamily development also includes affordable housing projects in the Georgetown area.
Two affordable housing developments broke ground in Georgetown in 2017, and additional developments that make use of state tax credits for income-restricted housing are on the way. Merritt Heritage Senior Village at 4700 Williams Drive celebrated the start of construction Nov. 15. Development company Pedcor Investments broke ground in July on the Live Oak Apartments at 4121 Williams Drive.
Pedcor plans to build another income-restricted housing project with help from state tax credits in the 1500 block of NE Inner Loop called Residences at Stillwater. An additional project called the Kaia Pointe, proposed by Sagebrook Development, has been approved for 104 Gatlin Creek Drive but has not begun construction.
This story is one update from The January Issue. View the full list of Top 10 stories to follow in 2018 here.