Dominium Announces the Acquisition of Land for New Affordable Housing Community in Maxwell, Texas

Anson Crossing will add 312 affordable apartment homes to the Austin metro area

Dominium, a leading national affordable housing owner, developer and manager, has announced the acquisition of land in Maxwell, Texas with plans to construct a new affordable housing community. Located at 839 Gully Street, Anson Crossing will be Dominium’s seventh new construction project in Texas.

Once completed, Anson Crossing will provide 312 high-quality, affordable homes designed to serve hardworking individuals and families. Residents will enjoy access to modern amenities, including a clubhouse, fitness center, business center, pool with outdoor amenity space and free tutoring service tailored to resident needs. Each home will feature in-unit washers and dryers, granite countertops, luxury vinyl plank flooring and stainless-steel appliance packages.

The development is made possible through the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Nationwide, LIHTC is the largest source of support for the construction and maintenance of affordable housing communities. In exchange for tax credits, affordable housing developers and operators agree to maintain rents at levels tied to the Area Median Income (AMI). Construction of LIHTC properties has a positive effect on the local housing market by increasing the supply of affordable housing.

Dominium would like to thank its development partners, including Caldwell County, Winthrop & Weinstine, BKV Group, Kimley-Horn and Associates Inc., Braun Intertec Corporation, Commercial Partners Title, On Track Ministries and UMB Bank.