December 17, 2019
The Houston City Council approved the allocation of federally backed loans for two affordable housing apartment complexes in the Gulfton and Heights neighborhoods. The loans, totaling $23 million, will aid in the development of 229 affordable units.
The Gulfton development at 5612 S. Rice Ave. is being led by the Brownstone Group. The council approved a $12.4 million loan for the 115-unit project; the monies are funded by a portion of Hurricane Harvey Community Development Block Disaster Recovery Grants.
Near the Heights, Crossroads Housing Development will receive $11.2 million in financing to develop a 114-unit, $30 million, mixed-use project for seniors at 900 Winston Ave. Construction timelines or names were not available for either project.
Pictured: Houston City Hall
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