Safehold Secures 20th Ground Lease for 348-Unit Affordable Housing in Texas
Safehold has closed its 20th low-income tax credit ground lease in Southeast Austin, Texas, funding a 348-unit affordable housing community due for delivery in 2028. This first Texas development expands the company’s dedicated affordable housing platform launched in 2025 and lifts its total LIHTC portfolio to more than 3,100 units.
1. Transaction Details
Safehold closed a ground lease for a Low-Income Housing Tax Credit project in Southeast Austin, Texas, financing the development of a 348-unit affordable housing community scheduled for delivery in 2028.
2. Portfolio Milestone
This transaction represents Safehold’s 20th ground lease in the LIHTC sector, raising its pipeline to over 3,100 affordable units delivered or underway across the U.S.
3. Strategic Expansion
Launched a dedicated affordable housing team in 2025, Safehold is now entering the Texas market and plans further expansion of its low-cost ground lease capital to bridge financing gaps for developers nationwide.