Avanath Pays $35M for Affordable Asset in Texas’ Capital

According to Austin’s Strategic Housing Blueprint, Texas’ capital will need 75,000 market rate units and 60,000 new housing units for low-income families to meet the city’s housing needs for the next decade. Recognizing the opportunity, Avanath has acquired for a little over $35M a 280-unit fully affordable community located 4 miles south of Austin, TX.