This is an income restricted affordable housing unit at Congress Lofts, subject to a recorded City of Austin Affordable Housing Covenant (Travis County Document No. 2025120613, 99 year term). This is not a traditional resale. Buyers must be certified by the City of Austin (AHFC) as an Eligible Buyer prior… Read More to purchase, with household income at or below 60% of the Austin Round Rock MSA median family income (adjusted for household size) and subject to asset limits. Resale price is capped by covenant formula (2% simple annual appreciation on the original purchase price, not market value), and the City of Austin holds a right of first refusal on any future sale. Buyer must occupy as their primary residence; the unit cannot be used as a rental or investment property. Buyers should review and begin the AHFC Income Eligibility Packet (attached in MLS) with their lender early, as approval is required before closing. Listing agent is experienced with this program and available to help guide buyers through the process. Read Less
Property listed by Sprout Realty 512-770-6526 (512) 431-6426
Built in 2023, Living area: 534.0, Building faces West, Levels: One
Community
Barbecue, Playground, Pool
Disclosures
SeeRemarks
Accessibility Features
None
Energy Saving
Energy Efficiency: Hvac
Exterior Features
Balcony
Fence
None
Floors
Vinyl
Foundation
None
Heating
NaturalGas
Home Owner's Association
Association Fee: $80, Fee Frequency: Monthly, Fee Includes: CommonAreaMaintenance
Interior Features
OpenFloorplan
Laundry
CommonArea
Lot
0.0062 acres, None
Parking
Secured
Pool
InGround, Community
Property
Resale, Pool
Roof
None
Sewer
PublicSewer
Taxes
Parcel Number: 04120410300000, Annual Amount: $3,150.42, Assessed Value: $110,775, Legal Description: CONGRESS LOFTS CONDOMINIUMS UNT 220 PLUS 0.4488 % INT IN COM AREA, Year: 2026
Utilities
ElectricityConnected, Water Source: Public
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