Property Type: Project Based Section 8 Multi-Family
Prince Hall features a collection of 10, two-story buildings. Located in southwest Fort Worth, Prince Hall is in close proximity to shopping and dining with easy access to public transportation.
This property features mix of one-, two-, and three-bedroom residences. Amenities will include an upgraded community room and laundry room, as well as new playground.
Prince Hall Apartments will receive over $45,000 per unit in hard cost rehabilitation as part of Steele Properties’ acquisition. The scope of renovation encompasses both extensive exterior and interior work. Important improvements include new roofs, new windows, new HVAC systems, plumbing and electrical upgrades and renovated kitchens and bathrooms. Project amenities include a renovated community room with computer lab and kitchen, new playground and upgraded laundry facility as well as accessibility improvements in parking and common areas.
This project is financed with 4% tax credits allocated by Texas Department of Housing & Community Affairs, tax exempt bonds issued by an affiliate of Fort Worth Housing Solutions, permanent and construction financing provided by Citibank, and tax credit equity provided by Raymond James.
Age: 1968; undergoing renovations to be completed in 2019