The acquisition and new construction of the 240-unit complex in South Austin offers rental opportunities for mixed income households. This development is expected to generate income for the City of Austin that can be reinvested into future affordable housing opportunities.

Retreat at North Bluff

Development: Retreat at North Bluff (Formerly Village on Little Texas)
Award Recipient: Captuity Investments III
Development Profile: Rental housing; acquisition and new construction.
Total Housing Units: 240
Investment Impact: 50 affordable units at 99 years
Affordability: 50% median family income or less
Location: 400 Block Little Texas Lane, Austin, TX 78745
Source of Funding: General Obligation Bonds
Amount Awarded: $2,940,000
Date approved by AHFC Board: June 18, 2009
Project Status: Construction complete