Financial Analysis - StoneHawk Gregg Lane
The CBRE report analyzes the StoneHawk Gregg Lane multifamily project in Manor, Texas. The development will feature 350 units across 8 three-story buildings on a 15.03-acre site. The Travis County Facilities Corporation (TCFC) will own the project 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 report evaluates development costs, projected income scenarios, and feasibility under different tax and rent restriction conditions. The analysis shows the project is feasible only with tax abatements and rent restrictions.
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