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Dominium Obtains Construction Loan for Manor Affordable Housing Venture
Associated Bank and Great Southern Bank funded a $60,472,000 construction loan for Dominium to build a 324-unit affordable housing project, Emblem at Tower, that will be located at 12100 Tower Road in Manor, an Austin suburb.
The 4-percent LIHTC project will be available to residents with incomes that do not exceed 60 percent of the area median income. The complex will consist of 11 three-story buildings with a mix of two-, three- and four-bedroom units. Features will include a separate clubhouse with fitness center, pool and outdoor amenity space. A unique feature will be the availability of a free 15-hour per week tutoring service tailored to resident needs. Completion is slated for early 2027.
Dominium currently owns and manages more than 40,000 apartment homes at more than 220 properties across the U.S.
Associated Bank’s Commercial Real Estate division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.
