The Urban Land Institute (ULI) has awarded New Hope Housing and Star of Hope’s Cornerstone Community with its annual ULI Award for Excellence: The Americas. The 47-acre Cornerstone Community campus includes the Star of Hope Women & Family Development Center and New Hope Housing Reed’s 187 fully-furnished, affordable apartment homes.
Palladium USA closed its fourth affordable Multifamily Development for 2021 with the closing in June of its $55 Million Palladium Simpson Stuart Apartments located at 3440 Simpson Stuart Road in Dallas, Texas.
Houston, Texas — Blazer broke ground in July 2021 on the construction of Hartwood at Canal, a brand-new loft-style multi-family apartment community located in Houston’s Historic Second Ward. Hartwood at Canal offers affordable housing in this 150-unit property that sits at 5601 Canal Street, Houston, Texas 77011 on the northeast corner of Canal Street and N. Latham Street.
The City of Austin’s Housing and Planning Department released the 2020 Blueprint scorecard measuring its affordable housing goals. The Scorecards measure goals outlined in the Strategic Housing Blueprint including ensuring the creation, preservation, and equitable spread of affordable housing units across our City while aiming to create affordability accessible to a wide range of incomes.
TAAHP Member in the NEWS: The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, has broken ground on a 275-unit, fully affordable housing apartment community north of Austin, Texas in Williamson County. The NRP Group is building the 4 percent tax credit and bond development in partnership with Capital Area Housing Finance Corporation (CAHFC).
The Biden Administration announced steps to increase affordable housing supply by nearly 100,000 additional affordable homes over three years.
Infrastructure Bill Passed in Senate with Affordable Housing Provisions but lacks affordable housing funding.
TAAHP submits 2022 QAP comments to the Texas Department of Housing and Community Affairs.
Palladium closed its second 2020 9% low-income housing tax credit Multifamily Development for 2021 in February with the closing of Palladium Fain Street at 1069 Kings Highway in Fort Worth. This is a four-story, 90-unit mixed-income multifamily development with 81 units set aside for those earning between 30% - 60% of area median income with 10% of the units at market rate.
The Affordable Housing Credit Improvement Act, which seeks to expand the Low Income Housing Tax Credit Program, has been reintroduced in Congress this session as S. 1136 and H.R. 2573. The changes proposed in this legislation are estimated to increase the supply of affordable housing by over 2 million units over 2 years.
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