Affordable senior housing complex moves forward and other news from Williamson County

Williamson County courthouse
Williamson County commissioners on June 15 approved funding bonds for several projects across the county. These bonds will not carry any liability for the county, according to county documents. (Fernanda Figueroa/Community Impact Newspaper

Williamson County commissioners on June 15 approved funding bonds for several projects across the county. These bonds will not carry any liability for the county, according to county documents. (Fernanda Figueroa/Community Impact Newspaper

An upcoming development that will add hundreds of affordable units to far North Austin in Williamson County is moving forward after receiving authorization from the county to borrow bond funds.

The Williamson County Commissioners Court on June 15 voted to approve the issuance of Tax-Exempt Multifamily Housing Revenue Bonds not to exceed $50 million to fund the development of the Grand Avenue Flats. The Capital Area Housing Finance Corp. is issuing the bonds, and Grand Avenue Flats Ltd., a subsidiary of Ohio-based NRP Group, is listed as the borrower. Commissioners passed the authorization in consent.

Grand Avenue Flats is located at 15701 FM 1325, Austin, in North Austin and Williamson County, according to county documents. The development will ultimately deliver 275 affordable multifamily units for senior residents, according to county documents.

The issued bonds will not be a debt or liability to Williamson County, according to backup documents for the vote. The CAHFC, which is made of representatives from 10 separate Central Texas counties, needed approval from Williamson County commissioners due to Texas administrative code.

Upcoming Texas Children’s Hospital may get bond funding from Harris County nonprofit corporation


Commissioners on June 15 approved the issuance of revenue bonds to fund capital projects for Texas Children’s Hospital, which is building a new medical center in far Northwest Austin.

However, Williamson County is not issuing these bonds, according to county documents, and will not assume any debt related to this action.

“This does not create any liability,” said Valerie Covey, commissioner for Williamson County.

According to backup documents attached to the vote, the Harris County Cultural Education Facilities Finance Corp. will issue the bonds. That corporation is a nonprofit group organized to construct and finance cultural education and public health facilities.

Per Williamson County documents, the principal amount of the bonds that will finance the local portion of the facilities is valued at a maximum $285 million.

The revenue bonds will go to finance the cost of facilities owned by Texas Children’s or its nonprofit affiliates.

Texas Children’s is based in Houston, though the pediatric care network has expanded its network across the state, including several facilities in Austin.

Federal Internal Revenue Service code mandates that issued bonds related to facilities must be approved by elected representatives of the jurisdiction where the facility is located, according to the backup documents. In this case, the Williamson County Commissioners Court is the body of elected representatives that must approve the issuance of bonds.

Construction of the upcoming Texas Children’s Hospital, located at 9835 N. Lake Creek Parkway in far Northwest Austin, began in May. The 52-bed pediatric care medical center, set to open in 2024, will open with neonatal and pediatric intensive care, operating rooms, an emergency center and other health services.
By Iain Oldman
Iain Oldman joined Community Impact Newspaper in 2017 after spending two years in Pittsburgh, Pa., where he covered Pittsburgh City Council. His byline has appeared in PublicSource, WESA-FM and Scranton-Times Tribune. Iain worked as the reporter for Community Impact Newspaper's flagship Round Rock/Pflugerville/Hutto edition and is now working as the editor for the Northwest Austin edition.


MOST RECENT

Construction is underway on this house in the Quail Hollow neighborhood in North Austin. Recent real estate market data shows new homes are selling at a median price of over $600,000 this year in Northwest Austin. (Iain Oldman/Community Impact Newspaper)
Sky-high real estate drives urban sprawl

A Central Texas seller's market brings challenges for homebuyers.

The new 35-story building overlooks Lady Bird Lake and Shoal Creek. (Trent Thompson/Community Impact Newspaper)
Workers celebrate topping out of Austin 'sailboat building' concrete structure

Workers who contribute to the construction of the Block 185 building celebrated topping off the structure, a big milestone for the development project that began in 2019.

A system to identify at-risk Austin Police Department employees has not been effective. (Maggie Quinlan/Community Impact Newspaper)
Audit finds Austin police system to flag at-risk officers is failing

Austin's city auditor and police chief agree the police department's computer program to identify at-risk officers is not fulfilling its mission.

A rise in COVID-19 cases has Travis County back in stage 4. (Courtesy Adobe Stock)
Austin reverts to Stage 4 guidelines with rising delta variant cases

As delta variant COVID -19 cases are sending more young people to local ICUs, The Austin-Travis County Health Authority has moved the area back to guidelines that require masks indoors.

Spicy Boys at Fairweather Cider Co.
Fried chicken food truck Spicy Boys opens new North Austin location

Spicy Boys offers customers a variety of fried chicken options, including sandwiches, chicken wings and boneless bites.

Opening day at Q2 Stadium
US men’s soccer team to visit Q2 Stadium this fall

The U.S. men's national team will host Jamaica for a FIFA World Cup qualifier game on Oct. 7.

Capital Metro is hosting a series of virtual meetings to hear feedback from the community on the latest Project Connect designs. (Community Impact Newspaper staff)
Capital Metro seeks community input on latest Project Connect design

Want to have your voice heard about Project Connect? Tune in to the upcoming virtual meetings.

The Reserve at Lake Austin is a senior living community under construction off City Park Road in Northwest Austin. (Courtesy Solera Senior Living)
Northwest Austin senior living community looks to January 2022 opening

New complex to have 120 living units and an outdoor memory garden.

Leander Marketplace PUD would be located at the northeast corner of Hero Way and US 183. (Screenshot courtesy city of Leander)
Leander eyes development with restaurants, retail; Bin Drop opens in New Braunfels and more top Central Texas news

Read the top business and community news from the past week from the Central Texas area.

Dozens of Austin residents spoke virtually and in person July 22 to share their thoughts on the city's proposed fiscal year 2021-22 budget. (Ben Thompson/Community Impact Newspaper)
Police funding again takes center stage in public hearing on Austin's proposed FY 2021-22 budget

Dozens of city residents calling into or appearing at City Hall on July 22 shared their thoughts about policing and the city's spending plan.

Round Rock ISD announced July 22 that a virtual learning option would be provided for students in kindergarten through sixth grade, citing COVID-19 vaccine availability and Williamson County's recent increase in reported cases. (Community Impact Newspaper staff)
Round Rock ISD announces virtual learning for grades K-6 this fall

Round Rock ISD announced July 22 that it will offer virtual learning for students in kindergarten through sixth grade and release its COVID-19 safety plan July 29.