Contributed artist's rendering
Contributed artist's rendering
Hunt Capital Partners is providing Saigebrook Development $12.9 million in federal low-income housing tax credit (LIHTC) equity financing for the construction of Everly Plaza, an affordable senior living community development in Fort Worth.
Saigebrook Development will construct the 88-unit community, of which 79 will be allocated as affordable housing and nine will be market-rate units, according to Housing Finance. Residency in the community is restricted to residents 62 and over and households must earn up to 30%, 50%, or 60% of the area’s median income to qualify for the affordable housing units.
Eight of the units are being tentatively allocated to housing for residents who are vulnerable to homelessness and five of the units will prioritize residents that have disabilities and special needs, reports Housing Finance. The community will provide support services such as transportation and a food pantry for all residents.
Other amenities that will be available will be a business center, clubhouse, and an art gallery that can be used for public showings, reports Housing Finance.
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