Resolution No. TCFC-2023-11

To approve and authorize the transactions for multiple apartment projects, including the Real Apartments transaction to be located at 2824 and 2826 Real Street; the Willow East Apartment project to be located at 6400 FM 969; the Tillery Road/Springdale Apartments project to be located at 701 Tillery Street near Springdale Road; the North Lamar Apartment project, formerly known as the Cambrian Apartment project, to be located at 5916 North Lamar; The Burleson Apartments project to be located at 7800 Burleson; the Citizen House Bergstrom Apartments to be located at 7710 Burleson; Citizen House Gilbert Apartments to be located at 6103 North SH 130; Citizen House Decker Apartments to be located at 8800 Hog Eye; Citizen House Howard Apartments to be located at 5121 Howard Lane; Springdale Apartments to be located at 1200 Springdale Road; Blue Ridge Apartments to be located at 290 East Palmer Lane. The resolution also includes authorizing the execution of all necessary documentation for the transactions, authorizing the purchase of land for the projects, and authorizing the Travis County Facilities Corporation to serve as the general contractor; and other matters in connection therewith.

Projects

All projects referenced in this resolution.

Citizen House Bergstrom Apartments

Workforce/Affordable Housing
414
UNITS
7733 Burleson Road, Austin, TX
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Citizen House Decker

Workforce/Affordable Housing
360
UNITS
6107 Decker Lane Austin, TX
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Citizen House Howard Apartments

Workforce/Affordable Housing
360
UNITS
5121 Howard Lane, Austin, TX
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Citizen House East Lake

Workforce/Affordable Housing
360
UNITS
6101 TX-130, Austin, TX
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The Works III / Tillery Road / Springdale

Workforce/Permanent Supportive Housing
360
UNITS
701 Tillery Street, Austin, TX
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(no description)