Supportive housing development in Austin hosts grand opening
A new permanent supportive housing property in Austin, Espero Rutland, hosted their grand opening on February 7. Espero marks the first Permanent Supportive Housing property to serve once homeless individuals, helping with mental and medical needs, education support and food resources. Espero Rutland is a 2021 4% Housing Tax Credit recipient, receiving $1.35 million in tax credits and worth an approximate value of nearly $14 million over the 10-year term. Caritas of Austin also received $3 million from TDHCA’s Direct Loan Program (National Housing Trust Fund).
Please visit www.esperorutland.com for more information about the property. If you would like to search for affordable housing in your area, please visit TDHCA’s Help for Texans at https://www.tdhca.texas.gov/help-for-texans and use our Vacancy Clearinghouse to search for properties around the state.