The NRP Group has reached financial closing and broken ground on Catalina, a new affordable multifamily community planned for 336 units in Travis County near Austin, Texas. The project is being developed in partnership with the Housing Authority of Travis County (HATC) and is intended to serve families and working professionals with incomes between 30% and 70% of the Area Median Income. With construction now underway, the developers have established a completion target of April 2028 for the community.
Catalina is designed as a garden-style development with 12 residential buildings, each rising three stories. The unit mix will span one- to four-bedroom homes, aligning the project with a range of household sizes. While specific floor plan counts were not disclosed, the configuration signals an emphasis on family-oriented housing within an affordable framework.
The community’s on-site amenities are planned to support both everyday living and resident well-being. Plans call for a swimming pool and a 24-hour fitness center, along with a business center for work-from-home needs or job-related activities. A multipurpose community room with a full kitchen will provide space for gatherings and programming, complemented by a children’s activity room and an outdoor playground to serve younger residents and families.
Beyond physical amenities, Catalina will offer a suite of resident services aimed at economic mobility and social support. These services will include after-school care for children, financial literacy courses, ESL classes, and first-time homebuyer programs, with additional programming referenced but not specified. Residents will also be able to use a complimentary shuttle service, enhancing access to jobs, services, and amenities beyond the property.
On the capital side, tax credit equity for Catalina is being provided by Huntington Community Development Corporation, supporting the project’s affordability objectives and income restrictions. Construction and permanent financing for the development are being supplied by PIMCO, with Berkadia arranging the financing structure. Specific loan amounts, pricing, and terms were not disclosed, but the combination of tax credit equity and institutional debt underpins the long-term affordability of the community.
With financing secured and construction in progress, Catalina is positioned to add a significant tranche of income-restricted housing near Austin at a time when demand for attainable rental options remains elevated. The involvement of both a public housing authority and private-sector capital reflects a collaborative structure aimed at expanding the region’s affordable housing supply by the anticipated April 2028 completion.
