New development will deliver thoughtfully designed residences, community-focused amenities and access to major employment and retail corridors in Southeast Austin

The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, alongside the Housing Authority of Travis County, today announced the groundbreaking of a new 348-unit affordable housing community in Southeast Austin. 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).

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L to R: Paul Saldaña, President of Saldaña Public Relations; Jason Arechiga, Senior Vice President of Development at The NRP Group; Max Whipple, Vice President of Development at The NRP Group; Laura Goettsche, Board Chairperson at the Housing Authority of Travis County; Patrick Howard, Executive Director and CEO of the Housing Authority of Travis County; David Salazar, Chief of Staff for Travis County, Texas. (Credit: The NRP Group)

“Sanara is designed for families seeking attainable rents in well-connected neighborhoods, a demographic that is often underserved in today’s market,” said Max Whipple, Vice President of Development at The NRP Group. “By prioritizing curated amenities and high quality finishes in a thriving commercial corridor, we are creating housing that better reflects how people live today. Through our partnership with Travis County, we are delivering modern, well-designed homes where families can thrive and grow alongside the community for decades to come.”

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.

“Expanding access to affordable housing in high-growth areas like Southeast Austin is critical to ensuring that working families are not priced out of opportunity,” said Patrick Howard, Executive Director & CEO of The Housing Authority of Travis County. “Sanara reflects our continued partnership with The NRP Group to deliver housing that is not only attainable, but thoughtfully designed to support long-term stability and quality of life for residents. This community will help meet growing demand across Travis County while connecting residents to nearby jobs, services and 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.

“We’re pleased to partner with The NRP Group on Sanara as we continue to expand our affordable housing platform in Texas,” said Steve Wylder, Safehold’s Head of Investments. “As affordability pressures persist, our focus is on providing long-term, low-cost ground lease capital that helps experienced developers move projects forward. This investment underscores our commitment to supporting the delivery of high-quality affordable housing at scale across growing markets.”

Construction of Sanara is now underway with first units anticipated in April 2027.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 68,000 apartment homes and currently manages over 33,000 residential units.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.

The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and is a five-time recipient of NAHB’s Best Multifamily Development Firm of the Year award. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.

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