Development
BY BRITTANY ANDERSON
A partnership of the Austin Housing Finance Corporation, Texas Housing Conservancy and Civicap Partners is preserving hundreds of a ordable units near The Domain. The partnership’s acquisition of apartment complex Twelve100, announced in January, will keep a ordable housing options for “generations to come” by providing eligible residents with decreased monthly rents, TXHC President and CEO Monica Medina said. TXHC and AHFC have now acquired nine properties and preserved about 700 a ordable units across Austin, Medina said. “We’re seeing [rent prices] softening right now, but once the market comes back, rents are going to continue to escalate in that area,” Medina said. 384 a ordable units preserved
What residents should know
Twelve100 features one-, two- and three-bedroom units along with community amenities such as a resort- style pool, tness center, playground and dog park. Average monthly rent at the property ranges from $1,600-$1,700, Medina said. Through the acquisition, the a ordable housing program will be able to reduce some rents to under $1,000. TXHC also brings programming to residents at properties it acquires, Medina said, such as nancial literacy and health and wellness classes, farmers markets, and back-to-school supply giveaways. Current or future Twelve100 residents interested in the a ordable housing program must meet certain income requirements based on household size and Austin’s median family income.
A partnership preserved 384 units at apartment complex Twelve100 in North Austin.
Twelve100 Apartments
STONEHOLLOW DR.
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