New development will provide thoughtfully designed residences, community amenities and enhanced transportation access to major employment and retail centers in Northeast Austin
The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the financial closing and groundbreaking of Catalina, a 336-unit affordable housing community in Travis County near Austin, Texas. Developed in partnership with the Housing Authority of Travis County (HATC), the community will provide deeply affordable housing for families and working professionals earning between 30% and 70% of the Area Median Income (AMI).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260715551681/en/
Catalina (Photo Credit: The NRP Group)
The development is a significant milestone for Travis County, underscoring an urgent commitment to expand affordable housing options in the region to meet growing demand. Catalina will help increase access to high-quality housing for residents across a range of income levels, and is The NRP Group’s fourth collaboration with the Housing Authority of Travis County.
“There's a concerted effort among Travis County leaders to address growing housing demand and affordability challenges, and we're proud to be part of that momentum through Catalina,” said Max Whipple, Vice President of Development at The NRP Group. "These public-partnerships continue to reflect what can be accomplished when organizations share a commitment to housing affordability while maintaining a strong focus on quality, design and the resident experience.”
Located on a 15-acre site along Cameron Road, Catalina will consist of 12, three-story residential buildings with a mix of one- to four-bedroom homes. In-unit features will include stainless steel appliances, granite countertops, modern cabinetry, vinyl plank flooring and walk-in closets in all units, complemented by Energy Star appliances.
Situated less than 10 minutes from Interstate 35 and approximately 15 minutes from State Highway 130, the community offers convenient access to major employment centers including Samsung's semiconductor operations, Tech Ridge and the EastVillage mixed-use development. In addition, residents will have access to a complimentary shuttle service that provides transportation to grocery stores, pharmacies and other nearby destinations for those without vehicles or facing mobility challenges.
Catalina was designed with resident wellness, convenience and community connection top of mind. Amenities include a resort-style swimming pool, 24-hour fitness center, business center, a multipurpose community room with a full kitchen, children's activity room and playground, and ample green space and outdoor seating areas throughout the grounds. Supportive resident services will include after-school care, financial literacy courses, ESL classes, first-time homebuyer programs and more, all offered at no additional cost to residents.
The development is supported through a collaborative public-private partnership, with tax credit equity provided by Huntington Community Development Corporation. Construction and permanent financing is provided by PIMCO and arranged by Berkadia. Safehold is also participating as the ground lessor, marking its second ground lease structure for an affordable multifamily development in Texas, while the Housing Authority of Travis County contributed $2 million to support the creation of deeply affordable homes reserved for households earning no more than 30% AMI.
"Expanding housing opportunities for residents with the greatest needs requires long-term collaboration and creative solutions," said Patrick Howard, Executive Director and CEO of the Housing Authority of Travis County. "Catalina builds on the success of our partnership with The NRP Group and will help provide high-quality affordable housing for Travis County residents for years to come."
Construction on Catalina is now underway with initial occupancy to begin in September 2027 and completion scheduled for April 2028.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260715551681/en/
