Texas Community Development Capital (TxCDC) is pleased to announce it has allocated $5 million of New Market Tax Credits to LifeWorks Austin for their new $10 million dollar, 31,000 square-foot building which will help LifeWorks expand its mental health, education and literacy services. The new East Austin Youth and Family Resource Center, located at 835 N. Pleasant Valley Road, will provide more space for programs such as English as a Second Language classes, counseling and services for youth aging out of foster care.
LifeWorks provides the most comprehensive network of support services for at-risk youth and families in Austin, offering a safety net of support to more than 10,000 families every year. Their services provided to youth and their families include shelter, counseling, life skills training, GED classes and transitional housing. “This new facility, strategically located next to ACC’s Eastridge Campus, will allow LifeWorks to serve 25 percent more clients”, LifeWorks Executive Director, Susan McDowell, said.
Texas Community Development Capital was awarded $75 million New Market Tax Credits for Texas by the US Treasury CDFI fund in 2009. “We are proud to be a part of a grand solution for the young people of central Texas” said Paul Tovar, Chairman of TXCDC.