Skyline Terrace Community Funding Correction

RECEIVED Wed., July 9, 2008

Dear Editor,
    One quick correction to Michael King’s article “Point Austin: A Tale of Two Cities” [News, July 4] about the challenges of creating affordable housing. Our new Skyline Terrace community received $1.5 million of the new $55 million in city general obligation bonds, not $7 million as stated in the article.
    Over the past six years, the city of Austin has invested $7.3 million from a variety of local and federal housing programs in helping Foundation Communities create 350 efficiency apartments for single adults with very low incomes. In 2000, a goal was set by the community to create 300 such units by 2008. We could not be successful without city support.
    We appreciate the Chron’s ongoing coverage of affordable housing issues and how high rents and home prices affect education, transportation, employment, and the quality of life in Austin, our home.
Sincerely,
Walter Moreau
Executive director
Foundation Communities
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