Lakeview-Pointe: Waterside Living

3102 Zion Road Garland, TX 75043  | 132 Units / 90 affordable for residents earning 30% – 60% AMI

Lakeview-Pointe is an affordable, mixed-income, eco-friendly apartment community located in a picturesque lakefront district along the shores of Lake Ray Hubbard in Garland, Texas.  Lake Hubbard is a premier, constant-level and a highly protected lake which provides potable water to the Dallas/Fort Worth metroplex. Lakeview-Pointe provides scenic views while allowing residents to enjoy multimodal access to the benefits of lakeside living such as boating, hiking/biking, and fishing, along with lakefront shopping and dining. Its location along I-30 provides easy access to surrounding cities including Dallas.

Lakeview-Pointe is comprised of 132 apartment homes in one-, two- and three-bedroom units with a healthy mix of 68 percent affordable and 32 percent market rate units. With an emphasis on multi-ethnic community integration and sustainability, the community focuses on fostering a “one community, one family” ideal.

Designed in an urban-style theme, its vital elements include architectural and landscape features that maximize lake views and capitalize on the benefits of waterfront living within a pedestrian-friendly environment.  A significant aspect of the project is that it is eco-friendly with green initiatives and is the first National Green Building Standard (NGBS) Certified project in Garland. A wealth of indoor and outdoor amenities, including an abundance of on-site social services, encourage residents to intermingle with their friends, family, and neighbors, while feeling supported and encouraged by the staff.

The gorgeous views and benefits of a large premier lake, with plentiful area and on-site amenities, along with comprehensive social services, make Lakeview-Pointe apartment homes an excellent affordable housing community for family-focused growth and enrichment.

Support Services

  • Quarterly financial planning courses (e.g. homebuyer education, credit counseling, retirement advice, retirement plans, etc.)
  • Annual Health Fair
  • Quarterly health and nutritional courses
  • Scholastic Tutoring
  • Notary Public Services during regular business hours
  • Bi-monthly arts, crafts, and other recreational activities such as book clubs and creative writing classes
  • Annual income tax preparation (offered by an income tax prep service)
  • Bi-monthly on-site social events (i.e. pot luck dinners, game night, sing-a-longs, movie nights, birthday parties, etc.)

 

Resident Profile

This multifamily affordable community is open to individuals and families with a wide array of professionals across all socio-economic domains. Working class families live alongside others who may possess a higher level of education and income yet share the very same benefits of lakeside and eco-friendly living. Section 811 project rental assistance voucher holders providing eligibility to target populations including people with disabilities, individuals facing challenges due to housing inability.

 

Special Design Features

Lakeview-Pointe is responsible for the Zion Road extension, which has opened-up valuable lakefront property for future development, ease traffic patterns in the area and connect the City’s hiking/biking trails. Security, a significant concern in affordable housing, has been addressed by following Crime Prevention Through Environmental Design (CPTED) standards.  Additionally, the site includes perimeter fencing with controlled access gates, 40+ HD cameras throughout, strong resident qualification criteria, and periodic crime-watch meetings.

 

Credits

Developer: OM Housing
Syndicator: Boston Financial Investment Management, Inc.
Lender: Bank OZK, Capital One
Architect: HEDK Architects
Consultant: S. Anderson Consulting
General Contractor: Spring Valley Construction Company
Landscape Architect: B+A Architects
NGBS: US Eco-Logic

Financing

9% Housing Tax Credits through Texas Department of Housing and Community Affairs (TDHCA)

Amenities

  • Community Clubhouse with kitchen and coffee bar
  • Business Center with free WiFi, print and fax
  • Fitness Center with state-of-the-art fitness equipment
  • Outdoor recreational areas including a playscape
  • Contemporary style swimming pool with outdoor kitchen
  • Activity Center for children
  • Laundry care center for all residents
  • Well-designed accessible sidewalks that connect with city’s hike/bike trails 
  • BBQ grills, picnic tables and seating benches located to maximize views of the lake
  • Bicycle racks to encourage multimodal transportation to lakefront activities

 

This is a strong example of housing credits being used as an economic incentive tool in a public-private partnership, to ease traffic patterns, enhance parks and walking trails, encourage existing and new businesses, encourage improvement of existing housing, and provide much needed quality, eco-friendly, affordable housing.

Deepak Sulakhe

President / CEO, OM Housing