Financial Analysis - Barkley Meadows Multifamily
The CBRE report analyzes the Barkley Meadows Multifamily project, a 408-unit development in Del Valle, Texas. This is Phase 1 of a two-phase project. The property will be owned by Travis County Facilities Corporation (TCFC) under a 75-year ground lease, with a 100% property tax exemption. In return, 30% of units will be for tenants at 80% of the area median income (AMI) and 20% at 60% AMI. The analysis shows the development is feasible only with tax abatements and rent restrictions.
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