Roosevelt Lofts
50 North Chadbourne Street, San Angelo, TX | 25 Units (Senior Housing): 30% to 60% AMI
Rudy and Beatrice “Bea” Barron met at college in Abilene, TX in 1970 and have been married for 54 years. They moved their lives and children to San Angelo in 1989. They were heavily involved in the community and volunteered at Fort Concho, Kiwanis, Key Club, church, and Angelo Catholic School. They both had professional jobs until retiring in 2022, and made the difficult decision to sell all their belongings and move to Pittsburgh, PA to assist their son. In 2025, they moved back to San Angelo, but housing costs and maintenance needs of owning a home were not the best option for their fixed income. When Roosevelt Lofts, a 55+ community, began leasing in the summer of 2025, they toured with their daughter and found it to be a perfect fit. They are now able to enjoy retirement in their hometown, close to family and longtime friends, without worrying about being cost burdened by housing as they age.
Living at Roosevelt Lofts has been pleasant for the Barrons. Rudy and Bea take pride showing visitors their two‑bedroom apartment, lobby, common areas, and the friends they’ve made. They enjoy the monthly events, like FridayBingo, weekly coffee and snacks, and creating memories with other residents. They say friends they have made here are like a “second family”. The sense of belonging has had a huge impact on their daily life, and overall health. Being close to downtown is a great benefit, with churches, the hospital, restaurants, and stores within walking distance. Rudy and Bea feel blessed to call Roosevelt Lofts home.
Roosevelt Lofts is a 25-unit senior affordable housing development located in the heart of downtown San Angelo and is listed on the National Register of Historic Places. After sitting vacant for three decades, Overland Property Group acquired the 1920s building with a clear objective to preserve the historic character of the former Roosevelt Hotel while adapting it to serve its new use as high-quality, affordable housing for seniors. In 2023, the development was awarded both 9%federal housing tax credits plus federal and state historic tax credits through the Texas Department of Housing and Community Affairs, the Texas Historical Commission, and the National Park Service.
Opening in July 2025, Roosevelt Lofts now provides 25 units of affordable senior housing serving residents earning between 30% and 60% of the area median income. The development has provided seniors a place to call home, with accessible units, walkable proximity to restaurants & healthcare, on-site management, and frequent resident events. It represents community reinvestment, stability, and opportunity. Roosevelt Lofts stands as a testament to the power of historic preservation when paired with purposeful housing development, made possible through tax credit programs.
Support Services
On-site food pantry
Notary services
Game nights
Coffee with the manager
On-site social events
Arts and crafts
Quarterly program with the fire and/or police department
Annual tax prep class
Annual health fair
Holiday events like Christmas wrapping party, Thanksgiving potluck, popsicles at the mailbox, and more.
Credits
Developer: Overland Property Group, LLC
Architect/Designer: Jones Gillam Renz
Lender: Horizon Bank
Syndicators: Midwest Housing Equity Group, Commerce Bank
Other: Midwest Housing Equity Group, Commerce Bank
Financing
- 9% Housing tax credits
- Federal historic tax credits
- State historic tax credits
Amenities
Historic finishes, a landscaped courtyard, controlled access, on-site management, fully furnished common areas with Wi‑Fi, an elevator, laundry facilities, on‑site parking, granite countertops, and downtown walkability.