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Housing Authority of the City of Austin Agenda Packet 2026-06-16

AAHC, Belveron Acquire Bridge at Eastside for $88.75M

$88,750,000 (purchase price); $20,000,000 equity investment; $71,000,000 loan; $1,500,000 capital set asideAustin Housing AuthorityBELVERON PARTNERSJune 16, 2026

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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 Austin Affordable Housing Corporation and Belveron Partners will jointly acquire the 290-unit Bridge at Eastside Apartments for $88.75 million, with Belveron contributing $20M equity. This partnership aims to preserve affordability in downtown Austin.

Contract Details

Contract Amount

$88,750,000 (purchase price); $20,000,000 equity investment; $71,000,000 loan; $1,500,000 capital set aside

Vendor

BELVERON PARTNERS

Agency

Austin Housing Authority, TX

Contract Type

OTHER

Document Date

June 16, 2026

Renewal Info

This is a partnership agreement for property acquisition and management; equity investment and financing terms described. Equity and property management partnership may renew based on future projects.

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