Citizen House Howard Apartments

The Citizen House Howard Lane Apartments is a planned 360-unit multifamily development to be located at approximately 5121 Howard Lane in Austin. It is being developed in partnership between TCFC and Endeavor Real Estate Group as approved through Resolution No. TCFC-2023-04. 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 under construction after being induced by TCFC's board in February 2023.

Details

Address
5121 Howard Lane, Austin, TX
Website
Program
Workforce
Type
Affordable Housing
Status
UNDER CONSTRUCTION
Units
360
UNITS

Documents

Resolution No. TCFC-2023-04 Howard Citizen House Inducement

February 6, 2023

To approve and authorize the Citizen House Howard Lane Apartments project in partnership with Endeavor Real Estate Group, to be located at approximately 5121 Howard Lane; 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.

Affordability

30% AMI
0
UNITS
38% AMI
0
UNITS
40% AMI
0
UNITS
46.25% AMI
0
UNITS
60% AMI
36
UNITS
70% AMI
0
UNITS
80% AMI
144
UNITS
Market
180
UNITS
Total
360
UNITS