Informed by the history and context of the Dove Springs neighborhood, this project will be a public-private partnership between the Austin Housing Finance Corporation (AHFC), and Structure Development + JCM Ventures.

As the development team selected by AHFC to execute on the City of Austin’s goals and priorities for 5900 S. Pleasant Valley Road, Structure Development + JCM Ventures will continue working closely with AHFC as well as the Dove Springs communities, including nearby schools and local nonprofit organizations, to deliver a project that best fits the needs of the community, while providing high quality mixed-income housing for families, as well as shared space for the larger community.

Zoning & Land Use

This site was previously zoned PUD-NP (planned unit development - neighborhood plan). AHFC applied to rezone the site to GR-MU-CO-NP (community commercial - mixed use - conditional overlay - neighborhood plan). AHFC also requested a neighborhood plan amendment (NPA) from Single Family and Recreation/Open Space to Mixed Use land use. Both the rezone request and NPA were approved by the Austin City Council on November 2, 2023.

Housing Preference Policy

The mixed-income units built at 5900 S. Pleasant Valley Road will be affirmatively marketed toward households of color who have historic ties to the Dove Springs neighborhood, and preference will be given to residents with generational ties to the neighborhood, who have immediate family already living in the neighborhood, or who were displaced from Dove Springs due to natural disasters or government actions.

Drainage & Flood Mitigation

The development team understands that the Dove Springs community has experienced repeated and traumatic flooding events. We are committed to following City of Austin stormwater requirements to prevent our project from creating adverse impacts to the community. Additionally, we aim to work alongside the Dove Springs community to advocate for City-managed infrastructure improvements beyond our site area, including to the Nuckols Crossing Bridge, though these improvements are outside of our direct control.

There will be no impervious cover proposed within the southern portion of the site, which is located within Flood Zone AE. Where impervious cover is added in the northern portion of the site, onsite stormwater detention will be designed to prevent any increases in post-developed runoff rates. To receive site plan approval from the City of Austin, the development team and engineers must show that the site will not increase the rate of stormwater runoff beyond the current condition, and will adhere to best management practices when it comes to managing stormwater runoff and potential impacts on the neighbors and community. An engineering site plan showing proposed stormwater detention onsite will be shared as soon as it is available.

Financing

It is anticipated that this development will be financed primarily using 4% Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs (TDHCA), along with additional loans from various sources. Learn more about 4% Housing Tax Credits here. This financing, along with the use of Austin’s Affordability Unlocked program, will ensure that the affordable units remain available at affordable rents for at least 45 years.