1. How can I contact you or send a donation?
• By phone: 512-447-2026
• By mail: 3036 S. 1st St. Suite 200 Austin, TX 78704
• By e-mail: info[at]foundcom.org (replace [at] with @)
• By fax: 512-447-0288
2. How can I live here?
• Meet specific income guidelines
(they vary for each location)
• Pass criminal and credit checks
• Have a good rental history
3. What do I do first?
Call the location that you're interested in and be prepared to
tell them your exact income and number of people in your household.
If there are no vacancies, call your next choice.
4. How much is the rent?
Rents are based on resident income and vary with each property.
One-bedroom apartments start at $500, two-bedroom apartments start
at $560, and three-bedroom apartments start at $665 based on availability. Rates at our Terrace properties vary from our other apartment communities.
Please call the property office at which you're interested in living to ask
about rental rates. Some communities may also be offering specials.
5. What if I have bad credit or a bad rental
history?
We try to allow for a variety of difficult circumstances, but
the need for affordable housing is so acute that we must select
tenants who we believe will be successful and contribute to our
communities. If you have any concerns about your credit, please
contact the property you are interested in and discuss your situation
with the property management staff.
6. Is there a limit to how long I can live at one of your
properties?
While there is no limit, our programs are designed to help people
gain independence. Twenty percent of the families who move out
of our communities do so to buy a home. However, we also have
many long-time residents and value their contribution to our communities.
7. What kind of services do you offer?
We offer on-site educational programs for children and adults.
For children, we offer after-school tutoring, structured educational
summer programs, and community-minded teen groups. For adults,
we offer classes in money management, computers, English as a
Second Language, and home-buying. Our IDA savings program offers
residents opportunities for saving for college, buying a home,
or starting a business.
8. Do you charge for your resident services?
All of our resident services and programs are available at no
charge or at reduced rates. Our classes and youth programs are also open to neighboring
communities at no cost or at a reduced rate, depending upon the program. Participants in our IDA savings program
must be residents who meet specific income guidelines.
9. How do you pay for these buildings and services?
We take advantage of a variety of housing finance programs. We
have built through the Low-Income Housing Tax Credit Program,
the 501 (c)(3) bond program, Federal Home Loan Bank and Resolution
Trust Corporation. We've used Multifamily Private Activity Bonds,
bonds issued through the Texas Department of Housing and Community
Affairs, City of Austin programs and Neighborhood Reinvestment
Corporation. In addition, we've received grants from local foundations
like RGK Foundation and the Lola Wright Foundation as well as corporations
like Compass Bank and Advanced Micro Devices.
10. What else makes Foundation Communities different?
Foundation Communities families take part in resident associations
and play an active role on our board. Our housing is not just
apartments and duplexes -- it's a community.
11. I have some property or land that would be good for
affordable housing. Who do I talk to?
We are always looking for new building sites to develop and
properties to renovate for affordable multi-family housing. Please
contact Asset Manager Vicki McDonald at 512-447-2026
x33.
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