Financial Analysis - Real Street Apartments
The CBRE analysis report for Real Street Apartments in Austin, Texas, commissioned by the Travis County Facilities Corporation (TCFC), evaluates a proposed multi-family project with 286 units across for-profit and non-profit components. The project relies on TCFC's involvement for tax exemptions and financial feasibility. The for-profit site with 226 units is viable only with rent restrictions and tax abatements, while the non-profit site with 60 units requires TCFC's participation and further public assistance. The report also assesses community benefits, including tax savings and reduced rents, highlighting the project's dependency on public incentives.
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