MEMBERS IN THE NEWS: Steele Properties has acquired Wayman Manor in Temple, Texas. Yardi Matrix data shows Treetop Development sold the 160-unit affordable community after four years of ownership. KeyBank Community Development Lending and Investment originated a $19.6 million construction and permanent loan for the new owner.
AMTEX Multi-Housing, LLC, closed financing and started construction on Limestone Ridge Apartments in Austin, an affordable housing community for seniors.
Franklin Development among affordable housing developers to receive approval from San Antonio City Council
TAAHP member Franklin Development received approval for its planned affordable housing development at 3830 Parkdale in the Medical Center area of San Antonio.
Brownstone Affordable Housing receives $12.4 million loan approval for South Rice Apartments in Houston
TAAHP member Brownstone Affordable Housing gets approval for a $12.4 million loan to build its South Rice Apartments — and affordable housing apartment community in Houston.
CBS Austin News is reporting that TAAHP member Texas Capital Bank is the first bank to invest in Affordable Central Texas’ vision to buy existing local apartment communities with the goal of keeping the rents affordable.