20 August 2010

Austin Apartment Complex Gets $1M for Green Upgrade

Austin Biz Journal

The 60-unit St. George's Court affordable housing complex has qualified for more than $1 million to fund energy-efficiency upgrades.

The property is one of four Texas apartments splitting a $7.2 million award from the U.S. Housing and Urban Development. The agency portioned the grants from a $100 million federal stimulus act program meant to create jobs and save money for low income residents. In total, the American Recovery and Reinvestment Act allotted $13.61 billion for HUD-administered programs.

St. George's is the only Austin apartments property receiving funds. The complex, which offers an on-site food pantry, is owned and operated by an affiliate of St. George's Episcopal Church and was built partially with HUD funds. Residents are primarily low-income seniors.

Other Texas properties receiving funding through the grant include: Coolwood Oaks in Houston, 168 units; Country Club Village San Antonio Apartments, 82 units; and Fox Run Apartments in Victoria (loan), 150 units.

The program is part of HUD's green retrofit program, which pays for upgrades that save energy, cut water use and improve air quality.