Willow East Apartments
The Willow East Apartments is a planned 360-unit multifamily development located on East Martin Luther King Jr. Boulevard near the intersection of US-183 in Austin. It is being developed by Narrow Road Group in partnership with Capital A Housing/Austin Area Urban League and TCFC as approved through Resolution Nos. TCFC-2022-10 and TCFC-2023-11. This will be a permanent supportive housing community, with 80 units (22%) reserved as permanent supportive housing averaging 46.25% of the area median income. An additional 45 units (13%) will be reserved for tenants earning up to 60% of the area median income, and 55 units (15%) will be for those earning up to 80% of the area median income. The remaining 180 units (50%) will be rented at market rates. The project received approval from the City of Austin and has executed a cooperation agreement with the Housing Authority of the City of Austin. TCFC will own the land and project, leasing it back to the developer partnership.
Details
Documents
Resolution No. TCFC 2022-04
July 7, 2022
To approve partnerships between Travis County Facilities Corporation, Travis County Supportive Housing Collaborative, and developers to provide property tax exemptions and support the development of permanent supportive housing at three locations in Travis County.
Resolution No. TCFC-2022-10
November 3, 2022
To induce the development of Walnut Creek Commons, a proposed 240-unit affordable housing project, by authorizing negotiation and execution of a Term Sheet with Narrow Road Group outlining the terms of Travis County Facilities Corporation's partnership in financing, acquiring, constructing, and operating the development.
