Texas Community

Avondale Apartments, Ft. Worth, Texas

Avondale Apartments

The 14-ac. site will include 160 family apartments (11.5 dua) with a traditional stone exterior design located in northwest Ft. Worth.

An allocation of $15,000,000 in 9% Low-Income Housing Tax Credits was awarded in 2014. The Ft. Worth Housing Authority funded 25 Rental Assistance Demonstration vouchers.

The site is located near a market, pharmacy, retail mall, three schools and churches. Construction is 10 buildings at 2 levels of Type V with 338 spaces of surface parking. Amenities include a large community building with a fitness room, pool, barbecue areas, children’s playground, bicycle storage, and large open space lawn area.

Mixed-income: 15 units – 30% AMI, 58 units – 50% AMI, 71 units – 60% AMI, 16 units – market-rate.

Photos

Available after completion

Year Built

2016

Type

Family

No. Units

160

Total Cost

$26,905,000

Developer

AMTEX Multi-Housing

Contractor

AMTEX General Contractors

Architect

KTGY Group

Financing

Equity

$15,4459000
Hudson Housing Capital

Construction

$21,000,000
Community Bank of Texas

Permanent

$9,350,000
Community Bank of Texas

Agency

N/A

Non-Profit

RAD vouchers
Ft. Worth Housing Authority