AUSTIN (KXAN) — On Tuesday, the city of Austin said it acquired a multifamily property near The Domain through the Austin Housing Finance Corporation (AHFC). According to the city, the Twelve100 property, which is located off Metric Boulevard, would allow for affordable housing near major job and entertainment centers. “Twelve100 marks our largest acquisition yet and a huge win for affordability in North Austin,” explained Mandy DeMayo, interim director for the Housing Department and treasurer of AHFC. Austin receives $6.7 million to raise housing supply, lower housing costs The acquisition is expected to support long-term affordability and provide programs to help “build community and improve resident outcomes,” according to the city. With the acquisition of Twelve100, AHFC said it added 384 units to its now 845 preserved units of affordable housing. “With a large multifamily property in the AHFC portfolio, the City of Austin can ensure access to affordable rent for the area for years to come,” AHFC said. According to the city, Twelve100 offers one, two and three-bedroom units. Those interested in the Affordable Housing Program at Twelve100 must meet income requirements based on their household size and the area’s median family income.