The owner of Huffman Hollow Apartments in Huffman has, in accordance with Qualified Contract (QC) rules, provided proper notice of intent and requests that the Texas Department of Housing and Community Affairs (TDHCA) find a qualified buyer who will purchase the development at the prescribed price. For the next one-year period, beginning March 13, 2024, Huffman Hollow Apartments is being made available for purchase to any prospective buyers who will maintain the low-income provisions on the property and subject to TDHCA’s ownership transfer review and approval. Pursuant to Internal Revenue Code (IRC) Section 42(h)(6)(F), the QC price has been calculated at $7,886,014.

If your organization is in a position and would like to explore purchasing Huffman Hollow Apartments at the posted price, please review the property’s information at this link: https://public.tdhca.state.tx.us/pub/T_HF_CLEARINGHOUSE.display_property?v_id=254&v_cmd=inq. Further information, which will allow you to investigate the possibility of making an offer, is provided there. Interested buyers should coordinate with the seller contact identified on the listing to schedule a site visit and/or possible inspection of the property. Please be advised that the buyer must agree to operate the property in accordance with the low-income restrictions already in place. The owner will have the choice of any offer at or above the posted QC price.

If you have any questions related to the QC process, please contact TDHCA Director of Multifamily Asset Management, Rosalio Banuelos, at 512-475-3357 or [email protected].

The one year QC period will expire on March 13, 2025.