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The $16.4 Million Development Serves People Living with HIV
Prosperity Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to build an affordable apartment complex for people living with HIV in Austin, Texas.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220602006022/en/
Project Transitions received a $750,000 AHP subsidy from Prosperity Bank and FHLB Dallas to build affordable housing for people with HIV in Austin. This artist’s rendering shows what the completed project will look like. (Photo: Business Wire)
Scurry Miller, executive director of Project Transitions Inc., said stable housing is essential for people living with HIV due to the complex treatment regimen required.
“In Austin, the rent for a one-bedroom apartment is 75 percent greater than an entire Supplemental Security Income payment,” he said. “This unaffordable rent level combined with the health issues typical of unmanaged HIV is a sentence to homelessness. Project Transitions is thankful for funding that will provide affordable housing options for people living with HIV.”
The $16.4 million Burnet Place Apartments, designed by the Michael Hsu Office of Architecture, will be built in North Austin. True …
Full story available on Benzinga.com
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