National CORE Announces its First-ever Construction of an Affordable Housing Community in Texas

Austin, Texas – National CORE, one of the nation’s leading nonprofit developers of affordable housing, will build its first new development in Texas, a 104-apartment community that will serve vulnerable populations.

The Bailey at Berkman will be a four-story, wood-frame, elevator-served building designed with comfort and safety in mind. It will join National CORE’s portfolio of more than 10,000 apartments at over 100 properties across the United States.

In Texas, the portfolio includes six communities with 971 apartments – all existing developments purchased and rehabilitated by National CORE. The Bailey at Berkman is the first community in Texas that the nonprofit will build from the ground up.

“Our expansion into Texas represents a pivotal moment,” said Ariana Brendle, vice president of acquisitions at National CORE. “Our mission is to create high-quality affordable housing paired with resident services that strengthen communities. Texas offers a significant opportunity to further that goal.”

The Bailey at Berkman, located at 6405 Berkman Drive, will feature 104 studio apartments.

The Housing Authority of the City of Austin (HACA) will provide 26 vouchers for permanent support housing apartments, serving residents transitioning from homelessness or at risk of becoming homeless.

The remaining apartments will serve individuals with physical, intellectual, and/or developmental disabilities, youth aging out of foster care, individuals unable to secure permanent housing elsewhere due to various barriers and persons with special housing needs, including veterans with disabilities and those with Violence Against Women Act protections (domestic violence, dating violence, sexual assault, and stalking).

Amenities will include an indoor resident lounge, meeting rooms, resident service staff offices, laundry, business center and a secure/controlled-access reception area.

National CORE, founded in 1992, is a vertically integrated company that manages the properties it builds and owns.

The Hope through Housing Foundation, National CORE’s resident services partner, will provide a full slate of enrichment services and comprehensive services at the property. Services will include counseling, advocacy, case management, peer support, life skills, parenting support, education enhancement and disability services.

The new development also will benefit from a 9% tax credit award from the Texas Department of Housing and Community Affairs. Financing for the development is expected to be completed by mid-2025 with construction wrapping by the end of 2026.

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About National CORE

National CORE is one of the largest nonprofit developers in the nation, with a more than 30-year history of being an innovator in the field. In 2021, National CORE became one of only two affordable housing developers to earn an A+ credit rating from Standard & Poor’s Global Ratings. In 2022, National CORE issued $100 million in Series 2022 Social Bonds to accelerate the development of critically needed affordable housing. Serving 30,000 residents, National CORE strives to be a launching pad, not a landing pad, for families struggling financially. The Hope through Housing Foundation, a philanthropic nonprofit, was formed in 1998. A partner with National CORE, the foundation provides resident services that promote educational attainment, economic mobility and overall well-being as part of a mission to end the cycle of generational poverty.

About Hope through Housing Foundation

Hope through Housing believes that affordable housing can be a platform for transformational change at the individual and neighborhood level. For more than 25 years, the Hope through Housing Foundation has provided more than 2 million hours of transformational social services helping children and teens achieve success, improving families’ financial well-being and promoting seniors’ health and wellness. For more information, please visit www.hthf.org.