NHPF Builds Texas

Citadel On Elgin 3331 Elgin Street, Houston, TX 77004 / 74 units

Houston’s senior citizens have a new place to call home: The Citadel Apartments. This newly-constructed building features 74 sparkling new studio and one-bedroom apartments in a handsome mid-rise building in Houston’s historic Third Ward. The Citadel is located within walking distance of a new light rail stop as well as three separate bus lines, ensuring quick and abundant public transport

for residents of this burgeoning new community. Furthermore, The Citadel is surrounded by community amenities such as grocery stores, parks, health facilities, and several public libraries.

$ 27,665,000

TOTAL DEVELOPMENT COST

Secured financing and funding for this project included:

$ 11,821,000

4% LIHTC Equity

$ 10,250,000

City of Houston Soft Loan

$ 3,255,000

Tax-Exempt Bond Loan

$ 1,497,500

CSH Grant

$ 841,500

Deferred Developer Fee

NHPF BUILDS TEXAS