6909 Ryan Drive
6909 Ryan Drive
The Austin Housing Finance Corporation is building affordable rental housing on the property located at 6909 Ryan Drive. This page will keep you up to date on the development of the property and how to stay engaged.
Project Priorities & Benefits
6909 Ryan Drive is a 5.5-acre property uniquely located across from a CapMetro Rail station and close to a CapMetro Rapid bus line, which would allow potential future residents alternative transportation options. Since 2018, community members near the site have been very involved in shaping priorities for its redevelopment goals. The following priorities have consistently been identified:
- affordable housing
- park space
- connectivity to transit
- neighborhood amenities serving the Crestview Neighborhood
Project Background & Evolution
6909 Ryan Drive was formerly used by Austin Energy. Plans for redeveloping the site began in 2020. A development partner was chosen through a solicitation process, however, that partnership ended in July 2023 due to changes in the market conditions. The property was transferred to the Austin Housing Finance Corporation (AHFC) to issue a solicitation for a new development partner. For more information about the previous solicitation and engagement for the site, please visit http://www.austintexas.gov/department/6909-ryan-drive. There is also a background materials section on this page.
What has changed?
A shift in market conditions led to needed changes in the development conditions for this project. Updated requirements for the site were included in the solicitation for a new development partner. These requirements included more affordable units and serve a broader range of incomes. Specific changes (as well as what is staying the same) are captured in the chart below.
| Previous Solicitation | Updated Solicitation | |
|---|---|---|
| Number of Units | 300 | 300 |
| Park Space | 1.25 acres | 1.25 acres |
| Community Amenities | 7,000 square feet of commercial/community space | commercial/community space as permitted by funding sources |
| Access to Transit | Coordination with Cap Metro on transit plaza and bike/pedestrian access through site to plaza | Coordiation with Cap Metro on transit plaza and bike/pedestrian access through site to plaza |
| Income levels served | 50% of rental units affordable at 60% MFI or below 50% of ownership units affordable at 80% MFI or below | 20% of units can be rented by households that make up to 50% of Median Family Income 30% of units can be rented by households that make up to 80% of Median Family Income 40% of units can be rented by households that make up to 100% of Median Family Income 10% of units will rent at the market rate (see chart below for income guidelines) |
Affordabilty Requirements and Income Guidelines
The chart below outlines the maximum rent that can be charged for each income level.
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