Austin, TX
New permanent supportive housing community, Cady Lofts, opens in Central Austin
For anyone experiencing homelessness in search of a stable place to live, please contact Austin ECHO (Ending Community Homelessness Coalition) for a Coordinated Assessment. Details and access information are available at www.austinecho.org/gethelp.
AUSTIN, TX – The City of Austin Housing Department is pleased to announce the opening of a new permanent supportive housing community located at 1004 E. 39th Street, in the Central Austin Hancock neighborhood in District 9. Dubbed Cady Lofts, the new four-story, elevator served community offers 100 fully furnished studio units to persons exiting homelessness. Persons experiencing chronic homelessness and those with physical and mental disabilities are identified and/or selected using a coordinated entry process required by the U.S. Department of Housing and Urban Development (HUD) and facilitated in Travis County by the Ending Community Homelessness Coalition (ECHO). Cady Lofts is the result of a collaboration between SGI Ventures Inc. and the Austin Affordable Housing Corporation, the non-profit subsidiary of the Housing Authority of the City of Austin (HACA).
“We are proud to work side-by-side with SGI Ventures in bringing this development online and thrilled to have additional permanent supportive housing come online in Austin. Permanent supportive housing is a much-needed tool to address homelessness. It addresses a critical need for long-term housing stability for those experiencing chronic homelessness, while providing much needed services for overall health and well-being,” says Mandy DeMayo, Interim Director for the Housing Department.
As a permanent supportive housing (PSH) property, all Cady Lofts’ units are dedicated housing for formerly chronically homeless individuals referred through the Coordinated Entry System managed by ECHO. These units are not intended to accommodate families. Most chronically homeless individuals have incomes below 30% of area median income. As such, every unit will have a dedicated voucher to make up the difference between what residents are able to pay and the rents charged at each income level – ensuring residents can live at the property regardless of their ability to pay. All residents must be income qualified. The units are subject to the following restrictions:
Unit features include solid surface kitchen countertops and bathroom vanities, energy efficient appliances and lighting and resilient flooring. Community amenities include meeting or training rooms, a library, community laundry areas on each floor and community warming kitchen, a computer center and a central outdoor community courtyard. Volunteers of America will serve as property manager and Family Endeavors Inc. will be the service provider. Saigebrook, O-SDA Industries, and New Hope Housing are all acting as development and service provider consultants.
Wrap-around support services such as job training, health screenings, benefits assistance and case management services will be offered to residents. A variety of classes will be offered, including fitness, cooking, nutrition, personal finance and tax preparation. Free monthly on-site social events will also be held. The building offers controlled access and 24-hour onsite management. All utilities are provided at no cost to residents.
Cady Lofts is within walking distance (or a half mile) of bus/transit stops, the St. David’s Medical Center and the Hancock shopping center, which includes an H-E-B, a CommunityCare Walk-in Clinic and numerous restaurant, service and retail shops.
“Cady Lofts provides both a trauma-informed model of housing and robust onsite support services, offering a pathway to stability through trauma-informed housing and support services, designed to help residents heal, rebuilt, and thrive. According to ECHO’s 2024 State of the HRS report, there are over 1,500 chronically homeless individuals in Austin,” explains Sally Gaskin, president of SGI Ventures, who is a developer and tax credit and private activity bond consultant. “Those who have experienced long-term or repeated homelessness need housing with ongoing support and wraparound services, intended to keep them permanently housed and give them resources to become stable and flourish after experiencing the trauma of homelessness and its compounding effects.”
Gaskin adds that PSH communities are an integral part of the City’s overall strategy to end chronic homelessness by offering long-term solutions beyond emergency shelters and rapid rehousing, which offers crucial short-term assistance.
“Permanent supportive housing (PSH) provides long-term rental assistance and individualized support services to those with the highest needs and most complex barriers to housing, including disabilities and chronic homelessness. PSH combines housing affordability with individualized support services,” she explains. “With 100 PSH units, Cady Lofts addresses the City’s shortage of such units, helping to stably house our most vulnerable neighbors.”
Caption: Photo of interior courtyard for the Cady Lofts Apartments.
Dollars and cents
A variety of funding sources contributed to the construction of this development, including $13.84 million in tax credit equity and a $1.08 million loan from the Texas Department of Housing and Community Affairs (TDHCA) under the 9% Housing Tax Credit (HTC) program. This program awards tax credits to developments, allowing developers to exchange these credits with investors for equity investments, typically covering about 70% of total development costs.
Additional funding sources for the development included a $7.2 million loan from the Austin Housing Finance Corporation (AHFC) through the Rental Housing Development Assistance (RHDA) program, financed by General Obligation (GO) Bonds. The Austin Community Foundation (ACF), through its Housing Accelerator Fund, provided a $2 million construction loan with favorable terms to support the project. Other contributors included the Austin Affordable Housing Corporation, the Federal Home Loan Bank (FHLB) Dallas, and the Texas State Affordable Housing Corporation (TSAHC). The developer also leveraged the City of Austin’s Affordability Unlocked program
In addition, project-based vouchers have been secured for every unit: 75 Housing Choice Vouchers from the Housing Authority of the City of Austin (HACA) and 25 Local Housing Vouchers from the City of Austin to ensure that no resident will be required to pay more than 30% of their income on rent.
“Private and public funding sources for PSH and affordable housing communities are critical, as this funding allows us to provide not just long-term housing, but long-term comprehensive services and care to meet the needs of our friends and neighbors transitioning out of chronic homelessness,” Gaskin says. “Each of our funding sources, including our partnership with AHFC, makes it possible for us to sustainably provide the wrap-around support services essential for PSH to be successful.”
Cady Lofts was constructed on a .74-acre site. Total development costs for Cady Lofts were approximately $25 million. Construction began in October 2023 and ended in March.
About the City of Austin Housing Department
The City of Austin Housing Department provides equitable and comprehensive housing solutions, community development, and displacement prevention services to enhance the quality of life of all Austinites. To access affordable housing and community resources, visit www.austintexas.gov/housing.
About the Austin Housing Finance Corporation
The Austin Housing Finance Corporation (AHFC) was created as a public, non-profit corporation and instrumentality of the City of Austin. The mission of the AHFC is to generate and implement strategic housing solutions for the benefit of low- and moderate-income residents of the City of Austin.
About the Housing Authority of the City of Austin
Established in 1937, the Housing Authority of the City of Austin (HACA) is an independent public unit separate from the City of Austin and responsible to an autonomous Board of Commissioners. HACA frequently works in partnership with civic and community groups to meet the needs of low-income families, seniors, persons with disabilities, and persons experiencing homelessness. Its mission is to cultivate sustainable, affordable housing communities and partnerships that inspire self-reliance, growth, and optimism. As a High-Performing housing authority that assists more than 20,000 Austinites, HACA owns and operates about 2,000 units of subsidized housing in multiple developments across Austin.
About the SGI Ventures Inc.
SGI Ventures, Inc. is a developer and tax credit and private activity bond consultant. It has been active in the affordable housing industry since 1996 and has developed over 1,000 affordable units.
About Saigebrook Development
Saigebrook Development, LLC creates exceptional affordable housing developments that serve the local workforce while also providing options for market rate rental units within each community. Established in 1996, the WBE- and HUB-certified real estate development consulting firm has developed and constructed more than 6,800 rental homes across the southeastern United States.
About O-SDA Industries
O-SDA Industries, LLC is a City of Austin MBE/WBE/Texas HUB-certified real estate development firm with deep expertise in building affordable housing communities that meet the unique needs of each city and individual neighborhood they serve. Since 2011, O-SDA has been part of over 25 successful 9% Housing Tax Credit applications for projects across the state of Texas.
Austin, TX
Austin music leaders rethink the idea of ‘selling out’ as business support becomes a necessity
More than 60 years after Willie Nelson brought the hippies and the rednecks together at the Armadillo World Headquarters and helped forge Austin’s identity as the “Live Music Capital of the World,” the city continues to enjoy an outsized influence on the global music scene.
Maggie Phillips, music supervisor for Deep Cut Music, attributes this in part to Austin’s isolation, both geographically and economically, from the music industry hubs in New York, Los Angeles and Nashville.
“We don’t have the business influencing bands as much as we do on the coasts,” she said Saturday during a panel at the inaugural KUT Fest. “And because of that, I feel like the art, the music, that people make here is art for art’s sake and music for music’s sake, and it has a very DIY, punk attitude toward creating.”
As rising costs and massive growth change the city’s demographics, how Austin can continue to be a welcoming place for musicians — and keep them here — are becoming increasingly important questions for city leaders and people in the industry.
“I think our city is going through a bit of an identity crisis,” musician Alejandro Rose-Garcia, who goes by Shakey Graves, said, pointing to parallels in changes in the city and the music business. “All the arts are going through a bit of an identity crisis. When I was growing up, ‘selling out’ was a hill to die on. Now, that’s changed. The reality of the situation is that musicians can’t just sit back and play music all the time; you have to be a self-marketing machine.”
Isak Kotecki for KUT News
Preserving that rich history of creative freedom while navigating the new realities of making a living in the arts here is the mission of the city’s new Arts, Culture, Music, and Entertainment Department. Director Angela Means said she wants the city to be a conduit for artists to connect with the new businesses and industry moving to Austin.
To have an environment where creatives thrive, she said, there needs to be support systems for artists as well as collaboration with all of the parties who want to call Austin home.
While nobody in attendance was thrilled with the idea of a Tesla Stage at The Continental Club, the panelists all recognized the need for financial support for music to remain a fixture in Austin. Longtime Austin City Limits Executive Producer Terry Lickona tried to imagine ways these partnerships could work.
“I wouldn’t complain, say, if a local Austin-based startup tech company that was successful wanted to give back in a way by supporting the music scene by putting their name on a stage without messing with the creative side of things,” he said, “or taking away from the history or legacy of what was there to begin with.”
Means said the city recognizes the difficulty in managing corporate influence in creative spaces, but still believes it’s one of the best ways to protect the artists and venues that make Austin so unique.
“Where is that fine line, and is there a model that will work for Austin, Texas?” she asked. “It will absolutely have to include partnering with our business community to be sustainable.”
Austin, TX
Dell Technologies board approves changing legal home to Texas
The Dell Technologies logo is prominently displayed at the company’s pavilion during the Mobile World Congress in Barcelona, Spain, on March 5, 2026.
ROUND ROCK, Texas – Dell Technologies is looking to make some changes.
Its Board of Directors unanimously approved Monday to change the legal home of Dell Technologies from Delaware to Texas. The change is pending a vote by stockholders later this year.
What they’re saying:
According to a release, the redomestication would align Dell Technologies’ state of incorporation with its roots and long-standing center of operations.
The company was founded in Austin in 1984 and its global headquarters, chairman and chief executive officer, and the largest concentration of its U.S. workforce are all based in Texas.
“From my dorm room at the University of Texas in 1984 to our headquarters today in Round Rock, Texas has given Dell what every great company needs to grow — extraordinary talent, world-class research universities, and a business environment that lets us build for the long term,” said chairman and CEO Michael Dell in a release. “Texas is where Dell has innovated, expanded, and invested for more than four decades, and bringing our legal home to Texas reflects what we’ve been building here all along.”
Texas Gov. Greg Abbott celebrated the news on social media, saying: “Welcome home, @Dell. For over 40 years, Texas has been where @MichaelDell built and innovated. Now, Dell Technologies is bringing its legal home to Texas. This is what happens when job creators and innovators are welcomed, not punished. More businesses are sure to follow.”
What’s next:
The change, if approved by stockholders, will not affect business operations, management, strategy, assets or employee locations.
Stockholders will have a chance to vote on the redomestication at the 2026 annual meeting on June 25.
Dig deeper:
This move comes after Michael and Susan Dell became UT Austin’s first-ever billion-dollar supporters.
The Dells announced a new investment in the university in late April, which represents one of the largest-ever philanthropic commitments to any U.S. university.
The Source: Information in this report comes from Dell Technologies and Gov. Greg Abbott’s office.
Austin, TX
Does not compute: 4 Austin-area community leaders consider the future of data centers
Dozens of data center projects have been proposed across Central Texas, and how those projects shape the region’s land, economy and water resources will depend on how local leaders plan for their arrival.
But there is no consensus about what approach to take even among business leaders, Denise Davis, the board chair for the Austin Chamber of Commerce, said at the inaugural KUT Festival on Saturday.
Davis said the Austin Chamber is still trying to find its footing in the debate.
“I get that everyone has phones, and the average home has 20 devices, and I get that AI is powering everything, but I also have businesses that need electricity, and I need the grid to be reliable,” Davis said. “So I think it’s to be determined where the chamber comes down on the issue.”
Davis was joined on stage by Bradley Dushkin, Round Rock’s director of planning and development services, Hays County Judge Ruben Becerra and Carrie D’Anna, a Taylor resident and community organizer.
Dushkin said data centers have the opportunity to provide cities relief in the form of “ginormous” property tax contributions as local politicians struggle to provide community services amid budget constraints.
“We have a need to bring in these high-dollar, revenue generating, non-residential properties into the city so that we can help bring in that money and not have to rely on the property taxes generated by the residential side,” Dushkin said. “Having those large commercial properties helps us subsidize the tax rate across the city and keep the tax rate low for our residents.”
Dushkin said Round Rock’s budget is already a reflection of how data centers could do the heavy lifting for a city’s bottom line: commercial buildings only make up 8% of taxable properties in Round Rock, yet they generate nearly half of the city’s property tax revenue.
But many worry data centers will suck up too much water and power to be worth their property tax contributions.
Becerra said there’s “no good option” for data centers in Hays County, where extreme drought threatens its future water supply.
“Some of these systems are asking for a million gallons [of water] a day,” he said. “You can want ski slopes in San Marcos, but if we don’t have the snow, it’s not going to do you any good.”
Across Hays and Williamson counties, community activists like D’Anna have effectively ended some data center projects over such water and electricity concerns.
D’Anna said she’s noticed data center projects “strategically” planned out of the public eye. She created a Facebook group to keep people informed about the BPP data center proposal in Taylor, and with the help of other plugged-in community members, passed out flyers protesting a data center development in Hutto.
D’Anna said people in her neighborhood are “terrified” of how data centers could reshape Taylor.
“People who are building data centers, union workers, electricians, they want to sign our petition because they see the value in guidelines,” D’Anna said. “They love the technology. We don’t like how it’s being capitalized. We don’t like how it’s replacing us.”
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