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The GLO awarded $8.7 million to build Pioneer Crossing, an 84-unit affordable rental complex, in Kountze. More than 88 percent of these units are guaranteed for low- to moderate-income (LMI) residents.
KOUNTZE — The Texas General Land Office Disaster Recovery Team announced a celebration of the completion of one of two multifamily housing complexes to replace affordable rental housing damaged or destroyed by Hurricane Harvey in 2017.
The celebration, originally set for June 2, was postponed until the end of June or first of July
The GLO awarded $8.7 million to build Pioneer Crossing, an 84-unit affordable rental complex, in Kountze. More than 88 percent of these units are guaranteed for low- to moderate-income (LMI) residents.
They also awarded $3.3 million to rehabilitate Windridge Apartments, a 32-unit multifamily community, in Sinton.
The Texas General Land Office (GLO) has undertaken very impressive efforts using $588 million in Community Development Block Grant for Disaster Recovery (CDBG-DR) funds from the U.S. Department of Housing and Urban Development (HUD) funds to help rehabilitate, reconstruct and construct 82 multifamily rental housing damaged or destroyed by Hurricane Harvey in 48 eligible counties outside of the city of Houston and Harris County, which requested and were granted direct allocations of funds from HUD to conduct housing programs.
In total, 5,989 rental homes are being rebuilt or newly constructed to replenish affordable workforce housing. Of the multifamily affordable housing units being rebuilt by the GLO, nearly 80 percent are guaranteed to house low-to moderate-income residents for 20 years after completion of new construction and 15 years after completion of repairs.
In the program, applicants for the funding are required to designate at least 51 percent of the units for low- to moderate-income families with rents capped at the U.S. Department of HUD Home Investment Partnership (HOME) limits. Per HUD guidelines, a family is considered low- to moderate-income if they earn 80 percent or less than the Area Median Family Income (AMFI).
Each apartment complex will be restricted for low income housing for 20 years after completion of new construction and 15 years after completion of repairs.