Rowen Vale Lands $4.32M AHFC Loan for Travis Heights Project
Rowen Vale, a 64-unit, 100% income-restricted project at 206 E. Annie St in Travis Heights, received $4.32 million in AHFC bond gap financing.
Rowen Vale, a 64-unit affordable development at 206 E. Annie St in Travis Heights, received $4.32 million in bond gap financing from the Austin Housing Finance Corporation, approved Oct. 22. O-SDA Industries is the developer.
All 64 units are income-restricted, serving households at 30%, 50%, 60%, and 80% MFI, with a 45-year affordability period.
Total project cost is $26.85 million. Earlier proposals listed 75 units before the plan settled at 64.
- Address
- 206 E. Annie St, Austin, TX 78704
- Units
- 64
- Floors
- 5
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