The Porch Apartments

The Porch Apartments is a proposed 163-unit Class A multifamily community planned near 14352 Hunters Bend Road in eastern Travis County, south of FM 969 and east of State Highway 130. Developed in collaboration with Ledgestone Development Group, the project is structured as a 75-year lease with the Travis County Facilities Corporation which will retain ownership of the land and improvements. The development is expected to include a mix of two- and three-bedroom units, on-site amenities such as a pool, fitness center and clubhouse, and a blend of income-restricted and market-rate homes. Approximately 20% of units are planned for households at 60% of area median income and about 30% at 80% AMI with affordability covenants lasting at least 40 years. The total development budget is roughly $61.5 million and is anticipated to be financed through a combination of bank debt and private equity.

Details

Address

14352 Hunters Bend Rd, Austin, TX

Website

Program

Workforce

Type

Affordable Housing

Status

APPROVED

Units

163

UNITS

Documents

Resolution No. HATC-2025-05

May 1, 2025

To approve HATC’s proposed changes to the Housing Choice Voucher Administrative Plan.

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Financial Analysis - The Porch

September 10, 2025

The CBRE report evaluates a proposed 163‑unit multifamily community at 14356 Hunter’s Bend Rd in Austin, Texas. The project will feature 38 two‑story townhome‑style buildings plus a clubhouse on an 11.64‑acre site, with construction planned for 2026–2027. The Travis County Facilities Corporation (PFC) will own the project via a 75‑year ground lease and secure a 100% property tax exemption. In return, 30% of units (49) will be reserved for tenants at 80% of AMI and 20% (33) at 60% of AMI, with the remainder leased at market rates. CBRE reviewed development costs, estimated real estate taxes, projected permanent loan terms, and analyzed operating performance under scenarios with and without rent restrictions and tax abatement. The analysis concludes the project is cost‑feasible only with rent restrictions paired with the property tax abatement; it is not feasible at the required set‑asides without the PFC’s participation and exemption.

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