Financial Analysis - Barkley Meadows Build-for-Rent
The CBRE report evaluates the proposed Barkley Meadows Build-for-Rent project in Del Valle, Texas. This second phase of a two-phased development consists of 168 single-family and duplex-style units. The project will be owned by the Travis County Facilities Corporation (TCFC) through a 75-year ground lease, benefiting from a 100% property tax exemption. In return, 30% of units will be reserved for tenants at 80% of the area median income (AMI) and 20% at 60% AMI. Analysis shows the development is feasible only with tax abatements and rent restrictions.
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