Wednesday, September 22, 2021
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Council OKs tax credit for Cavile housing replacement

🕐 1 min read

At its meeting on Jan. 31, the Fort Worth City Council took another step in the redevelopment of the Cavile Place/Historic Stop Six neighborhood by unanimously approving a non-competitive 4 percent housing tax credit for two new apartment complexes, Cowen Court Apartments and Wellington Court Apartments.

The request for a carry-forward allocation from the Texas Department of Housing and Community Affairs had been made by Cavile Development LP, an affiliate of Fort Worth Housing Solutions, along with Atlantic Pacific Communities LLC and Madhouse Development Services Inc.

The new apartment complexes will be located a few blocks apart on East Rosedale Street as replacements to public housing built in the area more than six decades ago. Between them they will have well over 200 units, including 48 rental assistance demonstration units.

The rest of the units will be affordable to households with incomes at or below 60 percent of the area median income. (The median income was $70,500 for 2015, the latest figure available from the U.S. Department of Housing and Urban Development.) Both complexes will have one-, two- and three-bedroom units. Amenities will include a clubhouse, pool, business center, fitness room and activity center.

“Although change is sometimes met with a raised eyebrow, I am excited about the apartments coming onboard as replacement to the barracks-styled housing that was built in 1954,” District 5 Council Member Gyna Bivens said. “We continue to support Fort Worth Housing Solutions’ efforts to deliver a multi-family product utilizing the 4 percent non-competitive tax credit program.

“Generations of families in Cavile have seen nothing but the barracks-styled public housing. Bringing a product that is attractive will enhance community stewardship among the clients of Fort Worth Housing Solutions.”

A public hearing was scheduled to be held before the council took action. However no residents spoke.

www.fwhs.org/

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