Dominium, an affordable housing developer, owner and manager, acquired The Springs Apartments on Oct. 13 and announced the acquisition in November.

Dominium plans to construct 144 additional units and rehabilitate the 76 original units, which will total a $3 million investment in the property.

The Springs Apartments are located at 289 Springs Lane, Dripping Springs, 10 minutes from downtown shopping and restaurants.

The Springs was built in 2001 as affordable housing and provides one-, two- and three-bedroom apartments to families who make no more than 60% of the area median income. In 2022, the median family income for the Austin-Round Rock metropolitan area was $110,300 for a family of four.

The Springs includes amenities such as a playground, a fitness center and a swimming pool. For more information, visit