183/E. William Cannon

The HWY-183 & East William Cannon Drive Apartments is a planned 300-unit multifamily development to be located at approximately the intersection of Highway 183 and East William Cannon Drive in Austin. It is being developed by Savoy Equity Partners in partnership with TCFC as approved through Resolution No. TCFC-2024-01. To provide affordable workforce housing options, 20.7% of the units (62 units) will be reserved for tenants earning up to 60% of the area median income, and 30.7% of the units (92 units) will be reserved for those earning up to 80% of the area median income. The remaining 48.7% (146 units) will be rented at market rates. The project will consist of a mix of studio, one, two, and three-bedroom units operating as a multifamily housing community. TCFC will own the land and project, leasing it back to Savoy Equity Partners' affiliated partnership. This development received approval from the Travis County Commissioners Court on March 26, 2024.

‍