LEANDER, TX – Right Connection Communities (TCC) announced that it has expanded its operating platform with the addition of Skye Luxury Senior Living, a 156-apartment independent senior living community located in Leander, Texas, a northwestern suburb of Austin. The community is part of TCC’s high-quality portfolio of active adult and independent senior living communities designed to meet the growing needs of Americans age 55 or older who are seeking an active and engaged lifestyle.
Relying on its value-add expertise, TCC will upgrade the nearly four-year-ancient community by improving design elements in select apartments, modifying the dining room to accommodate more dining tables, and enhancing the pool deck to make a more inviting space for residents. The renovations will position the property to be one of the most attractive independent senior living communities in the greater Austin market. The community will be rebranded as Verena at Leander.
Jim Pusateri, Chief Executive Officer of TCC, said, “Skye Luxury Senior Living is a strong addition to our rapidly growing independent senior living portfolio and expands our footprint in the Texas market. Leander has been one of the fastest growing cities in the U.S., and we are excited to bring TCC’s innovative approach and exceptional resident experience to a vibrant, growing city like Leander and to the greater Austin market.”

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DALLAS, TX – Helping to meet the growing demand for affordable housing, Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed Provision at Patriot Place in Hurst, a part of the Ft. Worth-Arlington metro. Provision at Patriot Place is now open for leasing, with a mix of one-, two- and three-bedroom units.
Citibank served as the tax equity partner as well as construction lender and permanent lender for the project while Treymore Construction was the general contractor for Provision at Patriot Place. Gardner Capital received 9 percent tax credits to support construction.
“As this area continues to grow in size and scope, so does the need for affordable housing,” said Michael Gardner, President and CEO of Gardner Capital. “We are pleased to deliver a brand-new and welcomed addition to the local market and look forward to supporting the demand for affordable housing throughout the state of Texas.” Gardner Capital’s Alternative Investments Platform will provide additional funding related to renewable energy and electric vehicle charging components for the project.
Located at 501 W. Hurst Blvd. in Tarrant County, Provision at Patriot Place is a garden-style apartment building with 90 total units. Amenities include a swimming pool, clubhouse, fitness center, business center and more. Alpha Barnes will serve as property manager.

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AUSTIN, TX – Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $1.5 million in Affordable Housing Program (AHP) subsidies to Foundation Communities for two Austin apartment complexes serving low-income individuals and families.
The $25 million Zilker Studios apartments (formerly Armadillo Studios) will provide 100 rental units to single adults with high needs, low incomes and housing instability in central Austin while The Loretta, a $31 million project, will offer 137 units to low-income families and individuals in far north Austin. Each project received a $750,000 AHP subsidy.
We are thankful that Wells Fargo and FHLB Dallas see these two projects as critical in providing affordable housing options at a time when rising rents and home prices are straining the budgets of many Austinites, said Walter Moreau, Foundation Communities executive director.
Wells Fargo said the bank is pleased to support the nonprofit s mission.
This is a homegrown nonprofit that has succeeded in providing innovative and affordable housing and opportunities that transform people s lives, said Theresa Alvarez, Wells Fargo senior vice president of Community Relations for Central Texas.
AHP funds are intended to help FHLB Dallas members in financing the buy, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.
In 2020, FHLB Dallas awarded $19.3 million in grants to 38 affordable housing projects. The grants will help make 2,749 new or rehabilitated housing units. Included in that total is $10.2 million for 1,475 units in Texas.
Since the AHP s inception in 1990, FHLB Dallas has awarded more than $323 million in AHP and Homeownership Set-Aside Programs and has helped more than 57,000 households.
Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas, said Wells Fargo has been a long-time proponent of affordable housing.
We ve partnered with Wells Fargo on dozens of AHP subsidies over the years in multiple cities and states; it s been a joy to work with them, Mr. Hettrick said.

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