Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Austin  + Apartments  | 
Austin Low income housing project to start construction in 2023

Austin City Council Gives Okay for 262-Unit Affordable Housing Project

The Austin City Council has voted to okay a proposal for an affordable housing development on a city-owned site. The project, to be called Seabrook Square, will be on a 3-acre site in East Austin. The apartments will have Income restricted housing plus supportive housing and social services for individuals exiting homelessness.

The total cost of the project is to be approximately $76 million. The National Housing Partnership Foundation will head up the project and will make a $25 million contribution towards the construction. $29 million will come from a US Department of Housing and Urban Development loan and about $6 million from the city’s 2018 affordable housing bond. Other funds will come from various federal, state and local agencies.

The ground floor of Seabrook Square will include a cafe, 10 apartments dedicated for artists studios and a community hall. The developers hope to break ground in 2023.


Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • 110 Highwater Ln

    New Braunfels, TXTexas + Apartments
    Listing Status:Unavailable
    Listing Type:Call for offers
    Year Built:2010
    Opportunity Zone:No
    Learn More
  • Shadow Park Apartment Homes

    Lake Jackson, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:168
    Cap Rate:5.99
    Average Occupancy:86
    Year Built:1980
    Building Size:119880 Sq ft
    Lot Size:6.14 Acres
    No. of Stories:2
    APN:2115-0126-000, 2115-0009-000
    Zoning Code:2/27/17 CJC
    Opportunity Zone:No
    Price per unit:$76,190
    Learn More
  • ◦Development
  • ◦Policy/Gov't
New call-to-action
New call-to-action