Community First! Village, Austin's 'most talked about neighborhood,' will add 1,400 homes for chronically homeless
Local nonprofit Mobile Loaves & Fishes announced plans to vastly expand Community First! Village, a 51-acre master-planned development that is home to more than 220 formerly chronically homeless residents, on Wednesday.
The two-phase expansion will add 1,400 micro homes and 127 acres between two pieces of land—one across the street from Community First! Village on Hog Eye Road in far East Austin and the other on Burleson Road in Southeast Austin—with development starting in summer 2022. The land purchases were made possible thanks to a donation commitment from Love, Tito's, the philanthropic arm of Tito's Handmade Vodka. (Disclosure: Tito's is an Austonia sponsor.)
Mobile Loaves & Fishes has operated Community First! Village, which Austin Mayor Steve Adler has coined as "Austin's most talked about neighborhood," for more than five years. During that time, the social outreach ministry has paid out more than $3 million to residents, who make and sell art and maintain the village.
The expansion consists of Community First! Villages third and fourth phases and will more than triple its size and sextuple its current number of homes, from 240 to 1,900 total. In addition to the coming micro-homes, the village also includes RVs and canvas-sided cottages.
Amber Fogarty, president of Mobile Loaves & Fishes, said the expansion announcement is proof that there is hope despite the city's ongoing homelessness crisis. "We realize there's an intensifying conversation happening in our city right now as it relates to homelessness, and for some it may seem like a dismal situation," she said in a statement. "It brings us great joy to think that today's expansion news means we will bring home many more of our friends who are currently suffering on the streets of Austin."
As residents prepare to vote on a controversial proposition that would reinstate a ban on camping and other activities in parts of the city, Adler said Community First! Village is "a vital and important piece of the puzzle" when it comes to addressing homelessness in Austin and praised Mobile Loaves & Fishes founder and CEO Alan Graham for his vision.
To be eligible to live at Community First! Village, applicants must be chronically homeless, meaning they have lived in a place unsuitable for habitation for at least one year and have at least one qualifying disability; have lived in Travis County for at least one year; and have the ability to pay rent, through social security income, disability benefits or on- and off-site work.
Tim Shea has lived at Community First! Village for five years. (Emma Freer)
Tim Shea has lived at Community First! Village for five years, after three decades of intermittent homelessness, heroin addiction and incarceration. After living in an RV, he became the first person in the country to move into a 3D-printed home, furnished by the Austin-based construction technology company ICON. "I am loving it," he said, citing its high ceilings, big windows and solidity as his favorite features.
The expansion plans are welcome news to Shea. "I'm not surprised," he said. "I just know that more people need to know about it."
- How Austinites and businesses will vote on homeless camping ban ... ›
- Photo essay: Austin's homeless camps amid COVID, cleanups ... ›
- Boomtown Austin has first series of 3D-printed homes in east ... ›
- Top 5 in-demand neighborhoods in the Austin metro - austonia ›
- ICON partners with NASA to create the 3D-printed Mars habitat - austonia ›
- 3D-printing ICON builds military barracks in Austin-area - austonia ›
- 'Queer Eye'- featured business Bob's Containers flips shipping containers into affordable tiny homes - austonia ›
- Tito's seltzer? No, it's just a can to hold your vodka drinks - austonia ›
So you want to buy a house?
To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.
Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer, but prices here are still moving up. ABoR's latest numbers peg the City of Austin median home price at $633,000 in July, the most recent month of data available.
Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.
So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which is roughly the "average" Austin home right now.
Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.
Holland says that while the 30-year fixed rate mortgage is often mentioned in the media, the most popular loan that he's seeing now is a 7/1 adjustable rate mortgage, which has a fixed rate for 7 years and then adjusts every year based on market rates, with a limit on how much it can increase each year. The interest is amortized over a 30-year period. Adjustable Rate Mortgages (ARMs) offer lower rates than fixed rate loans.
Here are the numbers, which are examples. In practice, exact numbers vary with a buyer's credit rating and overall financial situation, and with the rate, which can move up or down at any time.
- $650,000 home purchase price
- 7/1 ARM at 5.875%
- 5% down payment, equals $32,500
- 95% financed, equals $617,500
- $4,990 payment, including principle and interest (P&I), insurance, and property tax
- Typically, a borrower's debt to income ratio needs to be at or below 45%. So for this mortgage, a borrower, or borrowers, would need income of roughly $11,100/month, or $133,200/year. That number could be higher, depending on the buyer's outstanding credit balances on things like credit cards and car loans.
Holland says he's had a lot of clients approved for loans who were house hunting but have put that on hold, hoping prices come down.
Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!
Fall promises to be a one-of-a-kind camping experience. From Sept. 16 to Nov. 24, weekends will be packed with fall-themed activities, including special Halloween weekends in October. Campers can enjoy activities like fall crafts, campground trick-or-treating, costume contests, site decorating, outdoor movie nights, and more!
Packages and Ways to Stay
Camp Fimfo Waco
Located just 5 miles from McLane Stadium, Camp Fimfo Waco is the perfect place to stay during home game weekends. Skip the stuffy hotel room and embrace the great outdoors before cheering on the Baylor Bears! Campers can purchase a Baylor Tailgating Package that includes a pre-game meal from Executive Chef Sean Kelley and transportation to and from the game! Chef Kelley will also be cooking up delicious, elevated tailgating meals near the stadium so make sure to check out The Plaid Plate food truck before the game.
Stay in style and comfort, no matter your camping preference! At Camp Fimfo Waco, there are multiple ways to stay. Red Carpet RV sites come with a concrete pad and patio, full hook-ups, cable hook-up, a charcoal grill, fire ring and fire pit. Back-in or pull-thru options are available, as well as coveted spots tucked along the Bosque River!
Don’t have an RV? Not a problem, Camp Fimfo Waco has cabins too! Book a Riverview Firewheel Cabin if you’re looking for an air-conditioned oasis for the whole family. Complete with a kitchen and private bathroom, this cabin can fit up to 10 people. Elevate your stay by adding on a golf cart or snag a private cabana by the pool for guaranteed shade. With wifi available throughout the park, you can stay connected during your stay!
Amenities and Activities
Camp Fimfo Waco
Camp Fimfo Waco features lots of amenities to fill your days with fun, whether you’re a kid or kid at heart. After challenging your friends to a game of pickleball, basketball, or mini golf, go for a dip in the resort-style, heated pool - open daily through October! Stay on the weekends through October to enjoy the interactive splash playground. With plenty of ways to burn off energy, like the jumping pillow or playground, you can be sure to end the day with a peaceful night around the campfire!
Right now, you can get the fourth night FREE when you book three nights with the promo code BONUS! Check out the Offers page for full details and more promo codes!