AISD sells two plots for $11.8 million

​​​AUSTIN – ​​The Austin Independent School District has sold two plots of surplus land to RSI Communities for $11.8 million, the first of ten district properties that hit the market in October 2016.

The California​-based homebuilder will develop the land into single-family residences and has agreed to reserve 25 percent of the units for affordable housing.

The two east-side properties—32 acres at the intersection of Loyola Ln. and Ed Bluestein Blvd. and 12 acres south of E. 51st St.—went for $7.2 million and $4.6 million, respectively.