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Austin Affordable Housing Corporation AgendaPacket Regular Board Meeting 2026-06-16

AAHC and Belveron Partners Approve $88.75M Acquisition of AMLI Eastside

$20,000,000 (down payment), $88,750,000 (purchase price)Austin Housing AuthorityBELVERON PARTNERSJune 16, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The AAHC Board approved a partnership with Belveron Partners to acquire AMLI Eastside Apartments for $88.75 million, with Belveron providing $20 million down payment and AAHC executing financing actions. This marks their twenty-fourth joint acquisition supporting affordable housing in Austin.

Contract Details

Contract Amount

$20,000,000 (down payment), $88,750,000 (purchase price)

Vendor

BELVERON PARTNERS

Agency

Austin Housing Authority, TX

Contract Type

OTHER

Document Date

June 16, 2026

Renewal Info

No renewal; asset acquisition partnership. Future capital needs of $1.5M set aside.

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