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Austin, TX

Safehold backs 336-unit Austin housing project due in 2028

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Safehold backs 336-unit Austin housing project due in 2028


NEW YORK, June 25, 2026 /PRNewswire/ — Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease for the development of an Affordable Housing community in Austin, Texas. The Low-Income Housing Tax Credit (LIHTC) development will provide 336 total units upon delivery in 2028. The project will be developed by The NRP Group, one of the most active developers of Affordable Housing in the United States and a repeat Safehold customer.

“We’re thrilled to expand our relationship with the team at NRP and our focus on the Affordable Housing market in Texas,” said Steve Wylder, Safehold’s Head of Investments. “We’ve established an innovative new ground lease structure for the Texas markets and are pleased our capital could play a role in moving this high-quality development forward.”

The transaction represents Safehold’s second transaction with NRP in Austin this year, both new construction 4% LIHTC developments. The project is located in northeast Austin, a high-growth region with strong long-term fundamentals and demand for high-quality housing product. The development is supported by tax credit equity from Huntington Bank, with construction and permanent financing arranged by Berkadia. 

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Safehold established a dedicated Affordable Housing team in 2025 and has continued to expand its investment into the sector. Additional information is available at www.safeholdaffordablehousing.com.

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, affordable housing, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

About The NRP Group:

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units. Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing. The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.

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(PRNewsfoto/Safehold)

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Austin, TX

Austin proposes more flood mitigation funding as heavy rains threaten Central Texas

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Austin proposes more flood mitigation funding as heavy rains threaten Central Texas


With heavy rain expected across parts of Central Texas this week and flooding top of mind, the city of Austin is proposing to put more money toward flood mitigation improvements in next year’s budget.

The proposal would invest in new flood infrastructure, add staff, and help move flood mitigation projects forward, according to city leaders. Austin City Councilmember Ryan Alter said the investments are aimed at keeping the city prepared for future flooding.

Residents who live near waterways say they have seen how quickly conditions can change. David Haderspeck, who lives near Shoal Creek, said the creek “fills up pretty fast” and “gets a lot higher than you’d expect.” He said he has watched the water rise dramatically after rain.

“I’ve seen it come up probably 10 to 15 feet to the ordinary high-water mark,” he said.

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This week, parts of Central Texas, including the Hill Country, are expected to get heavy downpours. While Austin is not expecting the same impacts as parts of the Hill Country, leaders said the city is using this year’s budget planning to continue investing in flood safety.

Alter said the city has the expertise to address flooding risks but needs to follow through on projects.

ALSO| Central Texas urged to prepare as heavy rainfall sits in forecast over next two days

“We have the experts. We just have to put the plans into practice, and that’s what we’re doing in this budget,” he said.

Under the budget proposal, the city would provide about $134.5 million for the Drainage Utility Fund, which helps pay for flood mitigation, drainage infrastructure and watershed protection efforts.

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Alter said the proposal would shift more of the funding balance toward building new infrastructure.

“What we’re going to do is shift that balance a little bit more to building new infrastructure so that when we do have large flooding events, we’ve got that infrastructure in place to keep people safe,” he said.

The proposal also adds staff and invests in both new and existing flood mitigation projects across the city.

Asked whether the proposed investments would be enough moving forward, Alter said, “I do…I think we’re doing the right thing and just making sure that our residents have the infrastructure to stay safe.”

Alter said heavy rain cannot be prevented, but the city’s goal is to have infrastructure in place to help keep people safe when it happens.

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Austin, TX

Texas launches investigates LinkedIn over claims of “ghost jobs”

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Texas launches investigates LinkedIn over claims of “ghost jobs”


FILE – LinkedIn logos are displayed on an iPhone and computer screen. (Photo by Carl Court/Getty Images)

The Texas Attorney General’s office has opened an investigation into LinkedIn over allegations that the professional networking platform misleads consumers with advertising and profiting from misleading or fake job listings, otherwise known as “ghost jobs.”

LinkedIn investigation

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In this photo illustration a Linkedin logo seen displayed on a mobile phone. (Photo Illustration by Stanislav Kogiku/SOPA Images/LightRocket via Getty Images)

What we know:

Texas announced on Tuesday it has issued a Civil Investigative Demand (CID) seeking documents, data and internal communications related to LinkedIn’s advertising, marketing, job listing verification practices and its Premium subscription services.

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The investigation centers on whether LinkedIn violated Texas’ consumer protection laws by promoting paid subscription services while allegedly failing to disclose that some job listings on the platform may not actually be representative of hiring opportunities.

What is a ‘ghost job’?

An image of a woman holding a cell phone in front of a LinkedIn logo displayed on a computer screen. On Tuesday, January 12, 2021, in Edmonton, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images)

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Dig deeper:

LinkedIn is owned by Microsoft and the world’s largest professional networking platform, with more than 1 billion registered users worldwide. 

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A “ghost job” generally refers to a position advertised online that either is no longer available or that an employer has no immediate intention of filling. The attorney general’s office cited independent studies estimating that ghost jobs account for between one-fifth and one-third of online job postings.

Texas AG targets Premium Subscription Fees

 Photographer: Mark Felix/Bloomberg via Getty Images

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What they’re saying:

According to the office of the attorney general, LinkedIn does not independently verify the hiring status of most job listings on its platform. Ken Paxton’s office alleges that the company’s marketing for its Premium subscription services does not disclose that a significant number of postings could be inactive, unfilled or not reflect genuine employment opportunity.  

“I will use every resource available to my office to help job-seeking Texans find and secure real employment opportunities,” Paxton said in a statement. “LinkedIn has a duty to provide the services it advertises and ensure that consumers paying for Premium subscriptions are receiving access to legitimate job postings.”

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Texas officials said LinkedIn’s Premium Career and Premium Business subscriptions cost about $39.99 and $69.99 per month, respectively, and are marketed to jobseekers looking to improve their employment prospects.

What’s next:

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The investigation does not include any formal allegations of wrongdoing, and no lawsuit has been filed.

The Source: Information in this article was provided by the Texas Attorney General’s Office.

TexasSocial MediaKen Paxton
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Austin, TX

Documentary on the fight against a bat-killing plague flies into Austin

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Documentary on the fight against a bat-killing plague flies into Austin


Director Kristin Tièche says the seed for her new documentary, The Invisible Mammal, was planted back in 1999, when she was a film student in upstate New York.

“I was sitting at this pub on campus, and I looked up and the sky was just filled with bats,” said Tieche, a native Californian who had never seen a bat before.

“I just thought it was the coolest thing ever,” she said.

These days, such a sight is all but impossible to behold in New York and many other states. A deadly disease called white-nose syndrome is to blame.

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The Invisible Mammal follows a team of researchers as they set out to protect bats from the disease, which has emptied entire caves and roosting spots once teaming with life. It’s being screened Tuesday night at AFS Cinema and will be followed by a Q&A.

White-nose syndrome is caused by an invasive fungus found in Europe, likely brought to America on the clothes of a visitor who came to see American bats up close. It kills by starving hibernating bats.

The disease causes bats to “wake up too often during winter and they burn up their fat reserves and die before spring,” said Winifred Frick, chief scientist at Bat Conservation International.

First detected in New York state in 2006, the disease steadily spread across the continent, inflicting catastrophic damage on bat colonies in the Northeast, mid-Atlantic and Midwest. In some parts of the U.S. and Canada, white-nose has wiped out over 90% of bat populations. While the disease exists in Texas, it has not proved as destructive so far.

When it appeared in California in 2019, Tièche thought back to that night decades before when she saw her first bat flight.

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“I knew at that moment that it was time to launch this film project,” she said.

Thousands of bats pour out of Bracken Cave, on the outskirts of San Antonio. The cave is home to the world’s largest known bat colony.

The result is a nonnarrated documentary that follows researchers and conservationists across the country, as they protect bats and study ways to battle white-nose syndrome.

Its primary focus is Frick and the team of scientists behind the Fat Bat Project, an initiative started in Michigan’s Upper Peninsula that aims to keep bats well fed around their winter hibernation.

“The idea was could we help bats get fat in the fall and also help them recover their body condition in the spring?” Frick said. “Because we had research that showed that the bats that were surviving tended to be fatter at the start of hibernation.”

Tièche said it was not until she arrived in Michigan to shoot that she realized the team of scientists working on the Fat Bat Project was comprised entirely of women.

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“I knew at that point that I also was going to tell the story of women in science,” she said.

White-nose exists in Texas, but the colonies of Mexican free-tailed bats so celebrated in the Hill Country are at lower risk of death. That’s largely because they do not hibernate in the same way some other species do, and insect meals are available in Central Texas deeper into the winter months.

Still, Austin’s Congress Avenue bat bridge makes an appearance in the documentary. The film also opens and closes with immersive scenes — filmed by Austin wildlife cinematographer Skip Hobbie — of bats flying out of the Bracken Cave Preserve, home to the world’s largest bat colony.

Bats swirl in the air in front of the Frost Bank Tower after emerging from under the Congress Avenue bridge.

Courtesy of Kristin Tièchei

Bats swirl in the air in front of the Frost Bank Tower after emerging from under the Congress Avenue bridge.

“I told him [Hobbie] I was hoping for people to fall in love with bats when they watch,” Tièche said. “You protect what you love.”

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White-nose syndrome continues to decimate bats as it spreads, but there’s reason for cautious optimism. Some species that were nearly wiped out in the Northeastern states are beginning to show modest recovery, Frick said, though it is not fully clear why.

She said the Fat Bat Project, which has expanded across the Northeast and into Texas, is also showing promise as one tool of many that could stave off total population collapse in some areas.

The Invisible Mammal is screening at 6:30 p.m., Tuesday, July 14, at AFS Cinema. It will be followed by a Q&A with filmmaker Kristin Tièche, producer Matthew Podolsky, cinematographer Skip Hobbie and Winifred Frick of Bat Conservation International.





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