GLO-FUNDED RENTAL HOUSING COMPLEX IN BRENHAM COMPLETED

  

The Texas General Land Office (GLO) has completed a 10-unit affordable rental complex in Brenham.

The GLO awarded $2,466,000 to build The Oaks at Brenham, located on Gavin Drive, north of the intersection of Ava Drive and Old Masonic Road.  The homes hold three or four bedrooms and have garages and yards.  Seven of the 10 units are guaranteed for low-to-moderate income (LMI) residents.

The units were built using part of $588 million in Community Development Block Grant for Disaster Recovery (CDBG-DR) funds from the U.S. Department of Housing and Urban Development (HUD).  The funds were used to help rehabilitate, reconstruct and build 80 multifamily rental housing complexes damaged or destroyed by Hurricane Harvey in 48 eligible counties outside of the city of Houston and Harris County.

The GLO also awarded $8,766,974 to complete the Marquis at Fayette, a 36-unit multifamily community in Schulenburg.  All 36 units are set aside specifically for LMI families.

The GLO says 6,002 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 LMI residents for 20 years after completion of new construction and 15 years after repairs are completed.

Through the program, funding applicants are required to designate at least 51 percent of units for LMI families, with rents capped at the HUD’s Home Investment Partnership limits.  Per HUD guidelines, a family is considered LMI 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 new construction is completed and 15 years after repairs are finalized.

To learn more about the homes, or to apply, visit http://abcaffordablehousing.com, or call 1-833-422-2736.