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 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 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 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/.