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TDHCA welcomes new affordable housing development in Austin

Released: August 12, 2025
News Category Spotlight Article

TDHCA welcomes The Rhett, a new affordable housing community, as it opens its doors to families and residents in Austin. The 215-unit property is a 2023 4% Housing Tax Credit recipient, receiving $2.2 million in tax credits (approximate value of $22 million over the 10-year term), $30.7 million in TDHCA-bond issuance, and $2.3 million in HOME-ARP funds. Of the total number of units, 186 are set aside to serve those making 30 to 60 percent of the Area Median Income, providing housing for extremely low-income households.
 
The Rhett is located at 1000 East Yager Lane in Austin. The property provides one-to-three bedroom units. If you are interested in making The Rhett your home, please contact the management office at (512) 298-6002. If you would like to search for affordable housing in your area, please visit TDHCA's Help for Texans at https://www.tdhca.texas.gov/help-for-texans and use our Vacancy Clearinghouse to search for properties around the state.

 

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