Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-Work is underway on Pleasant Valley Villas, a 280-unit affordable housing apartment complex in the southeast submarket. A project of Dallas-based Southwest Housing Corp., it is to deliver in late 2003.

The project is a mixture of duplexes and two- and three-story stacked flat apartments, says Brian Potashnik, president of Southwest Housing. “It’s a duplex product and it really has the look and feel of a single-family home,” he tells GlobeSt.com.

Situated on a 40 acres at 2800 S. Pleasant Valley Rd., the project features an eight-acre park. “A 40-acre tract in that area is very hard to find,” he says. “We worked over a year with the neighborhood to make sure we were building something that met their standards.”

Financing for the $25-million project came from the Austin Housing Finance Corp. Like Heatherwilde Villa Apartments, a Southwest Housing project under way in Pflugerville, Pleasant Valley Villas will be restricted to residents who earn 50% of the Austin area’s median income.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.