Rodeo Drive
The Rodeo Apartments is a planned multifamily development to be located at approximately 8705 Decker Lake Road in Austin. It is being developed by NRP Group in partnership with TCFC as approved through Resolution No. TCFC-2023-14. To provide affordable workforce housing options, 10% of the units (34 units) will be reserved for tenants earning up to 60% of the area median income, and 40% of the units (135 units) will be reserved for those earning up to 80% of the area median income. The remaining 167 units will be rented at market rates. TCFC will own the land and project, leasing it back to NRP's affiliated partnership.
Details
Documents
Resolution No. TCFC-2023-14 Ross & Rodeo
June 13, 2023
To approve and authorize the transactions for the Ross Road Apartments to be located at approximately 6207 Ross Road in Austin, Texas; and the Rodeo Apartments to be located at approximately 8705 Decker Lake Road in Austin, Texas, including the execution of all documentation necessary to carry out the transactions; authorizing the purchase of the land for the projects and authorizing the Travis County Facilities Corporation to serve as the general contractor; and other matters in connection therewith.
