$17M advance backs affordable apartment complex in Buda. Income.

Texas Capital Bank's community advance corporation has made its basic allowance - $17 million - to an affordable quarters concoct in Buda and wants to capitalize alike endeavors throughout the Lone Star State. Texas Capital Community Development Corp. is providing financing to American Opportunity for Housing, a San Antonio-based nonprofit enclosure advancement organization, to body a 264-unit apartment complex in Buda. Dallas-based Texas Capital Bank created the Texas Capital Community Development Corp. in 2007 to produce loans to and objectivity investments in projects that spine pecuniary evolvement in depressed areas or generate affordable accommodation for low- to moderate-income Texans.

The Buda work is just the start, TCCDC President Mary Bailey says. This article is for Paid Print Subscribers ONLY. If you are already a Austin Business Journal subscriber suit imagine or signal into your bizjournals.com accounting to coupling your valid cut promise and have access to the entire article.

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