AUSTIN, TX -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Housing Authority of the City of Austin (HACA), announced the opening of Bridge at Estancia, a 318-unit affordable housing community in Austin, Texas. The development provides quality, amenity-rich housing for residents earning up to 60 percent of the Area Median Income (AMI).
Bridge at Estancia is a pivotal project in our ongoing effort to provide affordable housing to Austin s residents, said Nick Walsh, Vice President of Development at The NRP Group. As Austin s growing jobs market and vibrant culture continue to drive demand for housing, we re excited to partner with the Housing Authority of the City of Austin to contribute to this master-planned community. This development not only addresses the growing need for affordable housing in Travis County, but it also supports the local economy through further job creation and access to essential services.
Located at 1100 Avenida Mercado Street, near the intersection of Interstate 35 and State Highway 45, Bridge at Estancia offers easy access to downtown Austin and is part of the Estancia Hill Country master plan, a 600-acre mixed-use development. The community sits adjacent to the planned Texas Children s Hospital, as well as future commercial and retail spaces, and additional housing developments.
This development is a major milestone in ensuring Austin remains an inclusive city where everyone has access to affordable housing, said Michael Gerber, President and CEO of HACA. The location offers easy access to downtown Austin, and it s part of a master-planned community that will serve as a foundation for families to thrive. Developments like this are critical to keeping Austin affordable for those who live and work here.
Designed by HEDK Architects, Bridge at Estancia features a mix of one- to four-bedroom units, catering to both individuals and growing families. Apartments include private patios or balconies, high ceilings, vinyl plank flooring, and fully equipped kitchens with quartz countertops and recessed lighting.
In partnership with the nonprofit Community Housing Resource Partners, Bridge at Estancia has a dedicated activity room to host resident services such as health screenings, after-school programming, financial literacy training, a first-time homebuyer program, English as a Second Languages courses and more. Best-in-class amenities include a swimming pool, fitness center, multiple playgrounds, and walking trails integrated into the wider Estancia Hill Country trail network.
The 15-acre site features two four-story buildings, two three-story walk-ups, and a two-level parking garage. Residents will enjoy outdoor spaces such as an open courtyard, barbecue grills, and an outdoor pool with a sundeck. Additionally, a large coworking space filled with natural light offers computers, desks, and comfortable reading nooks ideal for remote workers and students.
This fully affordable housing community was made possible by a $20 million housing tax credit investment from Hudson Housing Capital, along with construction and permanent financing provided by Bellwether Enterprises and Deutsche Bank.
The NRP Group was recently ranked among the top three multifamily developers by the Austin Business Journal, with more than 7,500 apartment homes across 25 developments in the Austin area. Earlier this year, NRP delivered The Markson, a 330-unit mixed-income community, with several hundred more units currently in development.