Dominium Eyes Austin-Area Affordable Community

Anson Crossing will be the firm’s seventh Texas development.

Dominium plans to build Anson Crossing, a 312-unit affordable housing community in Maxwell, Texas, roughly halfway between Austin and San Antonio. This will mark the company’s seventh development inside the Lone Star State.

On Track Ministries will serve as general contractor and WD Construction as prime subcontractor. Other development partners include Caldwell County, Winthrop & Weinstine, BKV Group, Kimley-Horn and Associates, Braun Intertec Corp., Commercial Partners Title and UMB Bank.

Dominium recently acquired the site located at 839 Gully St. The property is about 4 miles from Interstate 35 and some 30 miles south of downtown Austin.

Amenities are slated to include a clubhouse, a gym, a business center, as well as resident tutoring services and a swimming pool. Units will feature granite countertops and vinyl plank flooring, among others.


READ ALSO: 2025 Policy Preview: How State, Local Issues Will Impact Affordable Housing


The project applied for $5.7 million in 4 percent LIHTC equity, according to Texas Department of Housing and Community Affairs documents. Polaris Capital Investment Maxwell syndicated the credits, which typically restrict units to residents earning up to 60 percent of the area median income.

Anson Crossing received $64.8 million in bonds issued by Capital Area HFC, the same source shows. Citi Community Capital provided additional funding in the form of a construction note, equity bridge loan, as well as a tax-exempt and taxable permanent mortgage. 

Dominium’s expanding affordable footprint

Dominium owns, develops and manages upward of 40,000 affordable units across more than 220 communities across the nation. In December, the company revealed plans to construct more than 1,600 units throughout the Sun Belt, which notably included its first affordable single-family rental project.

One month prior, Dominium set out to build another affordable project, also in metro Austin. Hidden Earth Apartments will encompass 324 affordable units upon completion.