2026-1331 • Travis County Housing Finance Corporation Voting STravis County (Travis County)

Consider and take appropriate action to approve resolutions related to a proposed Amended and Restated Regulatory Agreement and Declaration of Restrictive Covenants for the Enclave Easton Park development, and other related matters. (Commissioner Travillion & Shea)

Presented in: Travis County Commissioners Court Voting Session on 2026-07-14

Staff Report & Agenda Item Details

The project consists of the construction, equipping, and operation of a 339-unit development located in the Pilot Knob Planned Unit Development (PUD), in the Austin ETJ at the northwest quadrant of East William Cannon Drive and South Highway 183, or adjacent thereto, Travis County, Texas 78744, to be known as the Enclave Easton Park Apartments. On June 2, 2022, Integrated Real Estate Group applied to the TCHFC for an opportunity to partner on a workforce development, Enclave Easton Park Apartments. The developers requested that TCHFC serve in its capacity of general partner and general contractor. On July 26, 2022, the TCHFC Board unanimously approved a resolution authorizing TCHFC’s participation in the development. In December 2022, the TCHFC and TCC Hill Country Development Corporation (TCCHCDC) Board unanimously approved resolutions authorizing (1) admission of TCHFC Enclave Easton Park GP LLC as general partner of Enclave Easton Park, LP, (2) acquisition of the land and execution of a ground lease by TCHFC Enclave Easton Park Land LLC, and (3) approval of the Ground Lease, Agreement of Limited Partnership and other related documents executed by TCC in its capacity as sole member of the general partner of the partnership. In April 2024, the TCHFC Board unanimously approved resolutions authorizing a master agreement and certain interim loan documents to finance the preliminary construction and development of the apartment development by the Partnership. On June 17, 2025, the TCCHCDC unamiouly approved a resolution authorizing TCC Hill to enter into the Construction Documents. Pursuant to the Construction Documents,TCCHCDC would participate as general contractor for the development and would enter into a master subcontractor agreement with the master subcontractor, in order to obtain a sales and use tax exemption for the acquisition of building materials for the project in exchange for a fee, in order to further the statutory mission of the Corporation and TCC to help obtain additional decent, safe, and sanitary housing for the residents of Travis County at affordable prices. Today's item requests approval of resolutions related to the proposed amended and restated regulatory agreement and declaration of restrictive covenants. Due to the previous approval of the development and the Corporation’s and TCC’s participation therein, the new requirements of HB 21 of the 89th Regular Session of the Texas Legislature (“HB 21”) are not likely to apply to the development because of the proposed refinancing. That being said, the developer has agreed to amend and restate the Regulatory Agreement and Declaration of Restrictive Covenants (the “A&R Regulatory Agreement”) for the development in order to impose HB 21 requirements on the development. For example, at least 30% of the units must be reserved for individuals and families at 60% of AMI, 51% of the units are reserved for individuals and fami