AMTEX Starts Construction of 225-Unit Affordable Community in Austin

AUSTIN, Texas — AMTEX Multi-Housing LLC has received financing and started construction of Limestone Ridge Senior Apartments, an affordable seniors housing community in Austin.

The property will feature 223 one- and two-bedroom units, plus two apartments for on-site managers. Units are reserved for those over age 55 making up to 60 percent of the area median income (AMI), which is $45,420 annually for a two-person household.

The community will also feature a one-story clubhouse and will have 405 surface parking spaces, or 1.8 spaces per unit.

Social services will be available onsite at no cost to tenants. Examples of services provided at previous AMTEX projects include a monthly character-building program; quarterly financial planning courses; quarterly health nutrition programs; notary public services; twice-monthly arts and crafts; twice monthly social services events; an annual health fair; and annual income tax preparation assistance.

The project is the second partnership between AMTEX and the Travis County Housing Finance Corp. The previous partnership is McKinney Falls Apartments, a 312-unit family apartment community that is scheduled for completion in April 2020.

Construction on Limestone Ridge is scheduled for completion in fall 2021.