Cameron Road Apartments
The Cameron Road Apartments project, proposed by the NRP Group, is a planned 336-unit mixed-income community in East Austin. Located near the Parmer Business Park and East Village mixed-use development, the project aims to provide quality housing for working families and individuals. The proposed development represents a $60+ million investment and will feature amenities such as a fitness center, private yards, garages, a dog park, and a resort-style pool. The unit mix includes one- and two-bedroom apartments, with a portion designated for residents earning 60% and 80% of the Area Median Income (AMI). The project is conveniently located near major employers like Applied Materials, Dell, and Samsung Semiconductor, as well as various highways and retail options.
Details
Documents
Resolution No. TCFC-2024-18 (Tabled)
November 7, 2024
To approve inducing the Cameron Road Apartments, in partnership with an affiliate of the NRP Group, to be located at approximately 4915 E. Yager Lane; authorize the negotiation and execution of a term sheet; and address other related matters, subject to the terms outlined in the resolution.
Resolution No. TCFC-2025-02
January 9, 2025
To approve inducing an application of the NRP Group, LLC, or an affiliate (“NRP”), related to the proposed financing of up to $50,000,000 for the costs of the acquisition, construction, and equipping of the Cameron Road Apartments; and to address other matters in connection therewith.
Resolution No. TCFC-2025-06
February 6, 2025
To approve inducing the Cameron Road Apartments transaction; to authorize all filings and agreements with the Texas Department of Housing and Community Affairs in connection with applications for low-income housing tax credits; to authorize the negotiation and execution of a Memorandum Of Understanding; and other matters in connection therewith.
Resolution No. TCFC-2025-07
February 6, 2025
To approve the awarding of approximately $2,000,000 in gap funding to the Cameron Road Apartments to be located at approximately 4915 East Yager Lane, Austin, TX 78653; and to authorize the negotiation and execution of a term sheet; and other matters in connection herewith.
