Civic IQ
PROFESSIONAL_SERVICESAPPROVED

austin_affordable_housing_corporation_board_meetin.pdf

Board Backs Belveron Partnership to Acquire Bridge at SoCo

Purchase price: $56,000,000; down payment: $11,000,000; capital reserve: $1,500,000; Fannie Mae permanent 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
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

AAHC and Belveron Partners have been approved to co-acquire and manage Bridge at SoCo Apartments, securing up to $45 million in Fannie Mae financing and executing partnership, management, and lease agreements for affordable housing preservation in South-Central Austin.

Contract Details

Contract Amount

Purchase price: $56,000,000; down payment: $11,000,000; capital reserve: $1,500,000; Fannie Mae permanent loan up to $45,040,000

Vendor

BELVERON PARTNERS

Agency

Austin Housing Authority, TX

Contract Type

PROFESSIONAL_SERVICES

Document Date

November 13, 2025

Renewal Info

Includes loan to be arranged by Fannie Mae/Bellwether via Berkadia; partnership authority granted for all required documents and regulatory compliance; follow-up amendments and related authorizations permitted as necessary.

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Austin Affordable Housing Corporation Board Meeting Agenda May 2026

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Housing Authority of the City of Austin Board Meeting Agenda Packet May 2026

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austin_affordable_housing_corporation_board_meetin.pdf

APPROVED
Austin Housing Authority (Texas)Purchase price $56,000,000; down payment approximately $11,000,000; Fannie Mae loan not to exceed $45,040,000; $1,500,000 set aside for future capital needsDecember 18, 2025

austin_affordable_housing_corporation_board_meetin.pdf

APPROVED
Austin Housing Authority (Texas)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 needsDecember 18, 2025

housing_authority_of_the_city_of_austin_regular_bo.pdf

APPROVED
Austin Housing Authority (Texas)$56,000,000 purchase price, $11,000,000 down payment, $1,500,000 capex, Fannie Mae loan up to $45,040,000November 13, 2025

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