The NRP Group alongside the Housing Authority of Travis County announced the groundbreaking of a new 348-unit affordable housing community in Southeast Austin, Texas.
The development will deliver quality housing near major job centers, retail and dining options, with a focus on thoughtfully-designed residences for working professionals and growing families. All units are reserved for households earning up to 60 percent of the Area Median Income (AMI).
This project marks The NRP Group’s first tax credit partnership with the Housing Authority of Travis County and its third collaboration overall with the agency, building on prior developments in the region. The partnership reflects a shared commitment to expanding affordable housing options in high-growth areas across the county.
Located at 4401 E. Slaughter Lane, the development will span 13 three-story residential buildings across a 56-acre site, with approximately 18 acres dedicated to residential use. The remaining land, designated as floodplain, will be dedicated to the City of Austin Parks Department and is planned to connect to a broader network of trails across East Austin.
Situated less than 10 minutes from Interstate 35 and approximately 15 minutes from State Highway 130, the new development will offer residents convenient access to major employment hubs, including Tesla’s Gigafactory and Samsung’s semiconductor facilities. The surrounding area continues to grow, with a range of retail centers, grocery options, schools and other neighborhood-serving uses nearby, including Southpark Meadows, a shopping center less than 10 minutes away. Additional commercial development is underway along the East Slaughter Lane corridor, further expanding access to everyday amenities.
Sanara’s unit mix is intentionally weighted toward family-oriented floorplans, with more than 60 percent of residences offering three- and four-bedroom layouts. Apartment homes include 12 one-bedroom units, 120 two-bedroom units, 144 three-bedroom units and 72 four-bedroom units, reflecting a focus on families and multigenerational households.
Residence interiors will feature stainless steel appliances, granite countertops, modern cabinetry, vinyl plank flooring and walk-in closets in all units, complemented by Energy Star appliances. Residents will have access to a 24-hour fitness center, business center with coworking space, clubhouse with a lounge and community kitchen, outdoor pool with lounge seating, children’s activity center and on-site playground. Tailored on-site resident programs will include after-school care, financial literacy courses, ESL classes, first-time homebuyer programs and more, all offered at no cost to residents.
The development is supported by tax credit equity from MetLife Investment Management, with the tax credits syndicated by Redstone Equity Partners. Construction and permanent financing is being provided by PIMCO and arranged by Berkadia. Safehold is also participating as a ground lessor, marking the first use of its ground lease structure for an affordable multifamily development in Texas.
Construction of Sanara is now underway with first units anticipated in April 2027.
