AUSTIN, TX – Hill Tide Partners is  excited to announce the closing of The Heights at Owen Tech, a 174 age-restricted affordable community in Austin, Texas. The project was closed in collaboration with Generation Housing Partners, a Hill Tide partner based in Dallas, Texas. The development will feature a vibrant community garden, open floor plans, theater room and swimming pool. According to data.austintexas.gov, median gross rent in Austin increased by nearly 31% from 2007 to 2016 resulting in many longtime residents being displaced as wages struggled to match increased rent rates. Hill Tide Partners is hopeful The Heights at Owen Tech will help address this issue by providing modern affordable housing to Austin residents. Construction completion is scheduled for Q1 2022.Read more about Austin household affordability here