| Development: | District at SoCo |
| Award Recipient: | Kaplan Acquisitions, LLC |
| Development Profile: | Rental housing; buy-down of existing units. This investment in South Austin provides for affordable rental housing for low income households in a market-rate development -- setting aside 10% of 215 units (including a mix of one bedroom and two bedroom units) in a prime urban core location along a core transit corridor with Class A+ finishes and amenities found in the latest multifamily developments. |
| Total Housing Units: | 215 |
| Investment Impact: | 22 affordable housing units at 40 years |
| Affordability: | 50% median family income or less |
| Location: | 501 E. Oltorf St., Austin, TX 78704 |
| Source of Funding: | General Obligation Bonds |
| Amount Awarded: | $1,170,737 |
| Date approved by AHFC Board: | April 10, 2008 |
| Project Status: | Austin Housing Finance Corporation approved |