### Texas Housing Conservancy Expands Affordable Housing Efforts in Austin
The **Texas Housing Conservancy (TXHC)**, in partnership with the **Austin Housing Finance Corporation (AHFC)**, has successfully acquired nine properties, preserving approximately 700 affordable housing units across Austin.
The latest addition to this initiative is the **Twelve100** apartment complex. This acquisition is aimed at maintaining affordable rental options by lowering monthly rents for eligible residents. **Twelve100** offers a range of one-, two-, and three-bedroom units and features community amenities such as a resort-style pool, fitness center, playground, and dog park. Currently, the average monthly rent at the property ranges from **$1,600 to $1,700**, but through the acquisition, some units will see rent reductions to below **$1,000**.
To qualify for the affordable housing program, current or prospective **Twelve100** residents must meet specific income requirements based on household size and Austin’s median family income. These restrictions vary depending on the number of people in the household, ranging from one to seven individuals.
Meanwhile, rental rates in Austin have continued to rise, both quarterly and annually, with full-service average asking rents now reaching **$42.94 per square foot**.
This effort by TXHC and AHFC represents a strategic approach to preserving affordability in Austin’s ever-growing housing market.
