Cairn Point Cameron is a 100,000-square-foot housing development that will provide affordable housing for the unhoused community in Austin.
“150 units. 100 of which will be permanent supportive housing for people experiencing homelessness,” Austin Housing Department Interim Director Mandy DeMayo said.
Developers said the community will provide:
Affordable and safe housing
Medical services
Educational and social learning opportunities
24/7 access to Community Access and Support Services
“Cairn Point will provide 150 homes and a sense of belonging, safety and community,” Quinn said. “I wish it was for all 1,200. But we’re going to at least take a chunk out of that.”
Pricing for the project
The development is estimated to cost $42 million.
DeMayo said there is $6 million worth of subordinate financing for this project.
“Thank you to our voters who approved our general obligation bonds,” DeMayo said. “This is how we are investing those dollars.”
Age of Central Texas CEO Suzanne Anderson said older people are on a fixed income which makes it harder to keep up with rising housing costs.
“If Social Security doesn’t increase for cost of living, for instance,” Anderson said. “What we’re seeing with affordability is definitely an outpacing of that particular increase.”
When people are priced out of their living situation, Anderson said it’s difficult to find something else that’s affordable.
“We see more and more older adults on the streets because of the lack of the ability to pay for a mortgage or rental payments,” Anderson said.
Anderson said these types of projects are a piece of the puzzle to address homelessness.
“We can continue to think about how to make sure that older adults are taken care of,” Anderson said. “Whether they’re moving in the new affordable housing or other options and resources where we can also take care of the older adults.”
Breaking down the data
According to ECHO , there are 1,620 people unhoused above 50-years-old in Travis County as of September 2023.
ECHO said 13% of those people are in a shelter. However, 87% are not. The organization said it’s slightly higher than the overall unhoused population.
A report from the Aging and Homeless Affinity group of ECHO had these recommendations:
Develop relationships and improve processes to address hospital discharge
“Chronically homeless older adults are more likely to be men and ‘difficult to house’ due to substance use history, comorbid mental health and physical health issues and limited social support,” the report said.
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