Completed in 2013, Allegre Point stands as a beacon of affordable housing just 15 miles from downtown Austin, Texas. This multifamily property is a testament to the power of community and was thoughtfully financed with 9% tax credits to ensure its accessibility to those in need.
The heart of Allegre Point lies in its commitment to affordability, with the majority of its 184 units dedicated to providing much-needed affordable housing options to the Austin area. With only 4 market-rate units, this community was meticulously designed to address the housing needs of the local community.
The property itself boasts a charming design, comprising a 3-story garden-style complex featuring 1 to 3-bedroom units alongside two-story townhomes. Mgroup architects, known for their innovation, crafted the design in-house, following a classic ranch-style motif that beautifully complements the Texas Hill country landscape. Construction was executed by Camden under the watchful eye of Mgroup. The financial backing of Davis Penn Mortgage as the lender and Wells Fargo as the syndicator played a crucial role in making this community a reality.
Allegre Point's strategic location in Austin, Texas, ensures residents have easy access to the vibrant downtown area while enjoying the tranquility of suburban living. Special features such as attached and detached garages and covered parking provide convenience to residents. A dog park with trails adds a touch of nature and pet-friendly amenities. For recreation and social engagement, Allegre Point offers a wealth of amenities, including a resort-style pool for relaxation, a community clubhouse and activity center for gatherings, on-site laundry rooms for convenience, a fitness center, a playground, and even a theater and movie room for entertainment and relaxation.
Allegre Point is more than just a place to live; it's a testament to community and affordability, where residents can enjoy a rich and fulfilling life in the heart of Austin Texas.