ARIA GRAND is a mixed-income urban living community in Aus- tin’s Travis Heights neighborhood. The development includes


70-units, split between two buildings, as well as an amenity center with fitness center, children’s playroom, multipurpose room with kitchen, and cyber lounge. Minutes from downtown and iconic South Congress Avenue, this community provides families at a vari- ety of income levels the opportunity to live in one of Austin’s most desirable neighborhoods.


Property Location: 1800 S IH-35 Austin, TX 78704


Type of Funding: 9% Housing Tax Credits through Texas Department of Housing and Community Affairs and City of Austin RHDA General Obligation Bonds


Number of units: 70 Total Units • 12 One-Bedroom • 30 Two-Bedroom • 28 Three-Bedroom


Resident Profile: 60 of Aria Grand’s units are affordable to house- holds making 30%, 50%, and 60% area median income, or are re- served for special needs households. The remaining 10 units are available at market rate rents.


Developer: O-SDA Industries, LLC Co-Developer: Saigebrook Development, LLC Syndicator/Investor: Boston Capital/JPMorgan Chase Lender: Community Bank of Texas Architect: Miller Slayton Architects Interior Design: Ink & Oro Civil Engineer & Landscape Architect: Consort, Inc. Tax Credit Consultant: Sarah Anderson Consulting Property Management: Accolade Property Management


Community Amenities: Fully furnished clubhouse with community room, business center, leasing center, fitness center, and bicycle parking. Proximity to South Austin amenities and activities, includ- ing Lady Bird Lake, Zilker Park, and the Butler Hike and Bike Trail.


Unit Features: High-efficiency appliances and lighting, washer and dryer connections, solid surface counters and flooring, tiled tub surrounds, covered entries, covered parking, cable, internet, and phone ready.


Summer 2020 TALHFA Page 9


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