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A new affordable housing complex opened in far Northwest Austin in October.
The details
The Loretta began leasing to families making 30%-60% of the area’s median family income in the fall. The community offers 137 units from one to three bedrooms.
Additionally, the complex offers supportive services, such as a learning center and food pantry.
Diving in deeper
The complex is owned by Foundation Communities, a nonprofit focused on providing affordable housing to individuals in need.
Funding for the project came from a variety of sources, including $4 million from the city's affordable housing bond program, according to Foundation Communities.
