News Release City of Houston Housing and Community Development Department (HCDD) is announcing changes to Round 2 of its Harvey Multifamily Program

HOUSTON – The City of Houston Housing and Community Development Department (HCDD) is announcing changes to Round 2 of its Harvey Multifamily Program, due to recent changes to housing tax credits allocated by the Texas Department of Housing and Community Affairs (TDHCA). Two new developments have been approved, one development has been removed, and two developments have changed funding amounts.

The modifications bring the total amount of funding for this round to $170,250,000, which will be distributed between 16 developments. The changes bring new affordable apartments to priority areas, including Gulfton Complete Community and Piney Point Village, and ensure that chosen developments have the capacity to create high-quality communities for residents.

The currently proposed Round 2 of the program will create 1,932 apartments. Combined with Round 1, the Harvey Multifamily Program is expected to bring 3,400 new, resilient apartments to Houston, 3,000 of which will be held at affordable prices to provide greater choice and quality of homes to low- and moderate-income Houstonians.

Detailed changes are as follows:

  • Proposal “The Ella” is no longer being recommended.
  • Connect South Apartments, developed by Brinshore Connect Communities, will be awarded $7,300,000 to create 77 new units located within the Gulfton Complete Community in District J.
  • Ella Grand, developed by DMA Development, will be awarded $6,500,000 to develop 145 new units in District G, in an area experiencing high rental costs.

A complete list of the 16 developments that the City of Houston recommends can be viewed in full in the table below.

 

Development Developer Other Financing Total Units Council Dist. HCDD Priority Recommended Awardi
3300 Caroline Street NHP Foundation / Magnificat Houses, Inc. 9% HTCs 149 D Permanent Supportive Housing $15,000,000
Canal Lofts Blazer Building 9% HTCs 150 H Located within 2nd Ward Complete Community $12,000,000
Regency Lofts DWR Development Group / WALIPP 9% HTCs 120 D Located within the Community Reinvestment Area (TIRZ 7) $12,500,000
Dian Street Villas SuperUrban Realty / Texas Inter‐Faith Development 9% HTCs 108 C Areas experiencing high rental costs $11,000,000
New Hope Housing Savoy New Hope Housing 9% HTCs 120 J Located within the Community Reinvestment Area (TIRZ 20) $12,000,000
Connect South Apartments Brinshore / Connect Communities 9% HTCs 77 J Located with Gulfton Complete Community $7,300,000
Southlawn at Milby Eureka Holdings 9% HTCs 110 I Preservation of Affordable Housing $7,500,000
Campanile on Briar Hollow Kilday Operating 9% HTCs 85 G Areas experiencing high rental costs $6,700,000
Heritage Senior Residences Atlantic Pacific Companies 9% HTCs 135 C Areas experiencing high rental costs $11,700,000
Ella Grand DMA Development 9% HTCs 145 G Areas experiencing high rental costs $6,500,000
Houston Area Women’s  Center HAWC Other 135 D Supportive Housing $14,850,000
Lockwood South Apartments Brinshore / Buffalo Bayou Partnership 9% HTCs 80 H Located within 2nd Ward Complete Community $7,500,000
Caroline Lofts Mark‐Dana Corp 4% HTCs 119 D Located within the Community Reinvestment Area (TIRZ 2) $17,800,000
Temenos Place Apartments NHP Foundation / Temenos CDC 4% HTCs 94 D Preservation of Affordable Housing $8,000,000
The HAY Center Campus Harris County Housing Authority Other 50 I Permanent Supportive Housing $5,000,000
Summit at Renaissance Park Zieben Group 4% HTCs 325 B Located within Community Reinvestment Area (TIRZ 11) $14,900,000
Total Round 2 1,932 $172,250,000

i) amount provided is based on the application and is subject to revision during HCDD underwriting.

For more information regarding the Harvey Multifamily Program, please refer to the program’s website, which includes an interactive map of projects that have received funding, at https://recovery.houstontx.gov/multifamily-program/.