City is preserving affordable housing near the Domain

A multifamily property near the Domain and along the Northern Walnut Creek Trail called Twelve100 has been acquired by the Austin Housing Finance Corporation (AHFC) and is intended to preserve affordability near major job and entertainment centers. “With a large multifamily property in the AHFC portfolio, the City of Austin can ensure access to affordable rent for the area for years to come,” according to a news release from the city. Twelve100 is at 12100 Metric Blvd. and includes 384 one-, two- and three-bedroom units. It was acquired by AHFC partnering with the Texas Housing Conservancy and Civicap Partners. Over the past 2.5 years, AHFC has preserved 845 units of naturally occurring affordable housing through acquisitions of eight existing properties. “Twelve100 provides an incredible opportunity to ensure that essential members of Austin’s workforce can live near where they work, helping maintain the fabric of the city,” said Jon Mendoza, director of acquisitions at Texas Housing Conservancy. Applicants interested in the affordable housing program at Twelve100 must meet income requirements based on their household size and the area’s median family income (MFI), including verification of income, household size and unit size. For more information, visit twelve100.com/affordable-housing.