42.5 F
Fort Worth
Thursday, December 3, 2020
Government Council OKs tax credit for Cavile housing replacement

Council OKs tax credit for Cavile housing replacement

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

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/


close






Oh hi there 👋 It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Gov. Greg Abbott tells supporters he’s considering placing law enforcement for central Austin under state control

In his latest move in a political fight against Austin over police funding, Gov. Greg Abbott says he is considering a proposal to put...

Joaquin Castro loses bid to lead U.S. House Foreign Affairs Committee

U.S. Rep. Joaquin Castro came up short Thursday in his bid to become chairman of the House Foreign Affairs Committee. He lost to U.S. Rep....

Biden, top Democrats swing behind bipartisan virus aid bill

By ANDREW TAYLOR Associated PressWASHINGTON (AP) — President-elect Joe Biden swung behind a bipartisan COVID-19 relief effort Wednesday and his top Capitol Hill allies...

Fort Worth announces plans to purchase Pier 1 Building for City Hall

Plans for a new City Hall for Fort Worth have been knocked around for years, maybe even decades. On Dec. 2, city officials announced...

U.S. Rep. Michael Burgess loses bid for GOP leadership position on key committee

U.S. Rep. Michael Burgess, R-Lewisville, conceded his bid to be the Republican leader on the House Energy and Commerce Committee on Wednesday. “I want to...