Housing Authority of Austin, community leaders and elected officials join LDG Development to celebrate the completion of Goodnight Commons
Development supports growing need for more affordable housing in Austin
(Austin, TX – March 3, 2020)
Top officials from the Housing Authority of the City of Austin (HACA), Mayor Pro Tem Delia Garza and Representative Eddi Rodriguez joined civic and business leaders as well as officials from LDG Development to celebrate the opening of Goodnight Commons—Austin’s newest affordable housing community in Austin’s growing southeast corridor. This development offers 1, 2, 3 and 4- bedroom units for families living within the area.
“Providing more affordable housing throughout our city continues to be a top priority for the City of Austin and HACA,” said Michael Gerber, Chief Executive Officer for the agency. “The addition of Goodnight Commons to this area of our community as well as the dozens of other developments we are helping to bring online reflects HACA’s on-going commitment to ensure our clients have access to quality housing that is affordable and a place they can be proud to call home.”
Located on a 14-acre site just south of downtown and in close proximity to schools, shopping and other amenities, Goodnight Commons is a $55 million development that provides 304 energy efficient garden and corridor style units that include a number of high-end features. Units range between 727-1,186 square feet and include large walk-in closets, built-in microwaves, hardwood flooring and other amenities that are more commonly found in market rate developments. Goodnight Commons is reserved for families earning up to 60% of the area median income or $56,760 annually for a family of four. Mayor Pro Tem Garza believes the addition of the community area will ensure more families are able to live closer to their children’s school and their places of employment.
“This City Council has prioritized all types of homes for all kinds of people in all parts of town,” said Mayor Pro Tem Delia Garza. “I am happy to welcome more diverse affordable housing in District 2 to help address some of the needs in our fast- growing community and I hope to see more projects like Goodnight Ranch.”
Goodnight Commons was co-developed by Louisville-based LDG Development—one of the country’s largest developers of affordable housing. The company has built more than
13,000 units of affordable housing for families and seniors in eight states including, Louisiana, Kentucky, Tennessee and Georgia. This community is LDG’s 11th development in the city of Austin and 21st in Texas. Chris Dischinger, co-principal, says that LDG’s growing presence in Texas, reflects the significant growth the state continues to enjoy.
“It is clear that Austin city leaders understand that the city’s continued economic growth is tied to the community’s ability to offer a variety of housing options that will support and attract a diverse and growing workforce,” said Dischinger.
“This early recognition has provided a competitive edge that other communities are looking to replicate.”
Goodnight Commons welcomed its first resident in October 2018. As of February, the community is 72 percent leased and 64 percent occupied.