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Austin: 308-Unit Affordable Apartment Complex Eyed on North Side

Featured Photo (above): A 308-unit affordable multifamily residential development is planned for construction on a small tract north of downtown Austin. The Henderson on Reinli project also calls for demolition of this shell building. Image: Google Streets

Posted: 5-26-20

By Edmond Ortiz
Austin (Travis County)–A Louisville, Kentucky developer proposes building a 308-unit affordable apartment complex north of downtown that includes residences tailored for the disabled.

The Henderson on Reinli property is nearly 3 acres near the Capitol Plaza retail center. Image: City of Austin

LDG Development plans to build The Henderson on Reinli at 1101 Reinli St., a 2.7-acre tract near the Capitol Plaza retail center.

Plans call for 153 one-bedroom units, and 155 two-bedroom units. Sixteen of the units will be reserved for mobility-impaired tenants, and another seven units will be designed for sensory-impaired tenants.

Approximately 102 of the units will be allocated for households earning up to 50% of area median family income (AMFI).

Another 104 apartments will be reserved for households earning 51%-60% of AMFI.

The remaining units will be set aside for households earning 61%-70% of AMFI.

There is currently on site a one-story shell building that most recently was leased by a church. The building would have to be demolished.

The estimated construction cost is $30.8 million. There is presently no information on an estimated construction timeline or delivery method.

The development would be partially funded by bonds issued by the Housing Authority of the City of Austin, and with 4% housing tax credits, pending application approval.

VBX members may track this project using ID number: 2020-3F61.

LDG has created more than 10,000 low- and mixed-income housing units nationwide.


edmond@virtualbx.com

Related Images

Construction Preview
By |2020-05-26T14:33:33-05:00May 26th, 2020|Construction Preview, Feature Story|

About the Author:

Edmond Ortiz is a lifelong San Antonian and a 20-plus-year veteran in local journalism, He previously worked full-time at the San Antonio Express-News, and has been freelancing for outlets such as the Rivard Report.

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