austin_affordable_housing_corporation_board_meetin.pdf
AAHC, Belveron to Acquire Courtland RiverPlace
Trusted by teams at
Description
AAHC approved a major acquisition with Belveron Partners to purchase the 498‑unit Courtland RiverPlace Apartments for $94 million, financed by a Fannie Mae loan up to $75.2 million and significant equity and capital reserves. The community will be preserved as affordable workforce housing and rebranded Bridge at RiverPlace Apartments.
Contract Details
Contract Amount
Purchase price $94,000,000; down payment approximately $10,000,000; Fannie Mae loan not to exceed $75,200,000; $1,500,000 set aside for future capital needs
Vendor
BELVERON PARTNERS
Agency
Austin Housing Authority, TX
Contract Type
FACILITIES
Document Date
December 18, 2025
Contract Term
Fannie Mae permanent loan with 35-year amortization at approximately 5.20% interest
More from BELVERON PARTNERS
Related Contracts
Austin Affordable Housing Corporation Board Meeting Agenda May 2026
PENDINGHousing Authority of the City of Austin Board Meeting Agenda Packet May 2026
PENDINGaustin_affordable_housing_corporation_board_meetin.pdf
APPROVEDaustin_affordable_housing_corporation_board_meetin.pdf
APPROVEDhousing_authority_of_the_city_of_austin_regular_bo.pdf
APPROVEDMore from Austin Housing Authority
Austin Affordable Housing Corporation Board Meeting Agenda May 2026
Austin Affordable Housing Corporation Board Meeting Agenda May 2026
Austin Affordable Housing Corporation Board Meeting Agenda May 2026
Austin Affordable Housing Corporation Board Meeting Agenda May 2026
Austin Affordable Housing Corporation Board Meeting Agenda May 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.