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Council directs staff to pursue ground-lease pilot for 64-unit single-family affordable housing project at Mason Creek
Summary
Developer Cascade Homes described a 64-home workforce rental project at the Preserve at Mason Creek with units reserved for households at 60% and 80% of area median income; council directed staff to return with a resolution, cooperative agreement and pilot program.
The Leander City Council directed staff Aug. 7 to return with paperwork for a pilot program and cooperative agreements enabling a proposed affordable single-family rental community at the Preserve at Mason Creek.
Brian, a representative of Cascade Homes, presented the proposal for a 7.675-acre site south of Horseshoe Drive near Leander Middle School and Christine Camacho Elementary. Cascade said the project would build 64 single-family rental homes with professionally managed on-site services and shared maintenance. The developer described floor plans of about 1,500 to 2,100 square feet, high-quality finishes and an 85% masonry standard for exterior elevations.
Cascade Homes described a financing structure that would use a Travis County…
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