Financial Analysis - The Porch
The CBRE report evaluates a proposed 163‑unit multifamily community at 14356 Hunter’s Bend Rd in Austin, Texas. The project will feature 38 two‑story townhome‑style buildings plus a clubhouse on an 11.64‑acre site, with construction planned for 2026–2027. The Travis County Facilities Corporation (PFC) will own the project via a 75‑year ground lease and secure a 100% property tax exemption. In return, 30% of units (49) will be reserved for tenants at 80% of AMI and 20% (33) at 60% of AMI, with the remainder leased at market rates. CBRE reviewed development costs, estimated real estate taxes, projected permanent loan terms, and analyzed operating performance under scenarios with and without rent restrictions and tax abatement. The analysis concludes the project is cost‑feasible only with rent restrictions paired with the property tax abatement; it is not feasible at the required set‑asides without the PFC’s participation and exemption.
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