Citizen House East Lake
The Citizen House East Lake (previously Gilbert) Apartments is a planned 360-unit multifamily development to be located at approximately 6103 1/2 North State Highway 130 in Austin. It is being developed in partnership between TCFC and Endeavor Real Estate Group as approved through Resolution No. TCFC-2023-02. To provide affordable workforce housing options, 10% of the units (36 units) will be reserved for tenants earning up to 60% of the area median income, and 40% of the units (144 units) will be reserved for those earning up to 80% of the area median income. The remaining 180 units will be rented at market rates. TCFC will own the project and lease it back to the partnership. This project is currently in the planning/approval phase after being induced by TCFC's board in February 2023.
Details
Documents
Resolution No. TCFC-2023-02 Gilbert Citizen House Inducement
February 6, 2023
To approve and authorize the Citizen House Gilbert Apartments project in partnership with Endeavor Real Estate Group, to be located at approximately 6103 1/2 North State Highway 130; and authorizing the negotiation and execution of a term sheet; and other matters in connection therewith.
Resolution No. TCFC-2023-11
May 18, 2023
To approve and authorize the transactions for multiple apartment projects, including the Real Apartments transaction to be located at 2824 and 2826 Real Street; the Willow East Apartment project to be located at 6400 FM 969; the Tillery Road/Springdale Apartments project to be located at 701 Tillery Street near Springdale Road; the North Lamar Apartment project, formerly known as the Cambrian Apartment project, to be located at 5916 North Lamar; The Burleson Apartments project to be located at 7800 Burleson; the Citizen House Bergstrom Apartments to be located at 7710 Burleson; Citizen House Gilbert Apartments to be located at 6103 North SH 130; Citizen House Decker Apartments to be located at 8800 Hog Eye; Citizen House Howard Apartments to be located at 5121 Howard Lane; Springdale Apartments to be located at 1200 Springdale Road; Blue Ridge Apartments to be located at 290 East Palmer Lane. The resolution also includes authorizing the execution of all necessary documentation for the transactions, authorizing the purchase of land for the projects, and authorizing the Travis County Facilities Corporation to serve as the general contractor; and other matters in connection therewith.
