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Local affordable housing investor raises $300M

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Local affordable housing investor raises $300M

A smorgasbord of investors have backed the latest $300 million fund from this Austin-based company. The goal: more affordable and workforce housing all along the Sun Belt, including in Austin. “Our strategy isn’t predicated on getting top of market rent; it’s getting a reasonable rent, but also keeping residents in place for a long period of time, keeping housing stability, not displacing tenants,” the managing partner said.