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OTHERAPPROVED

housing_authority_of_the_city_of_austin_regular_bo.pdf

Belveron Partners Approved for Bridge at SoCo Partnership

$56,000,000 purchase price, $11,000,000 down payment, $1,500,000 capex, Fannie Mae loan up to $45,040,000Austin Housing AuthorityBELVERON PARTNERSNovember 13, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Description

Belveron Partners and AAHC gained Board approval for acquisition and long-term management of The Griffis SoCo Apartments for $56 million, with affordability targets and capital improvements through a Fannie Mae loan.

Contract Details

Contract Amount

$56,000,000 purchase price, $11,000,000 down payment, $1,500,000 capex, Fannie Mae loan up to $45,040,000

Vendor

BELVERON PARTNERS

Agency

Austin Housing Authority, TX

Contract Type

OTHER

Document Date

November 13, 2025

Renewal Info

Twenty-second partnership between AAHC and Belveron. No specified renewal policy in this contract.

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austin_affordable_housing_corporation_board_meetin.pdf

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APPROVED
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