Pepper Tree Manor 5950 Antoine Drive, Houston, TX 77091 / 250 units
Situated on 15 acres in Houston, Texas, Peppertree Manor is comprised of 250 one- and two-bedroom units. Constructed in 2006, Pepper Tree provides affordable upscale living for seniors aged 55 and older. Amenities include granite countertops, 9-foot ceilings, crown molding, and energy-efficient features. The community offers a lap pool, a vegetable and flower garden, a comprehensive fitness center, a fully equipped business center, library, clubhouse, and entertainment areas. Pepper Tree Manor income mix includes 125 units at or below 50% AMI and 125 units at or below 60% AMI.
$ 8,182,247
TOTAL COST
Secured financing and funding for this project included:
$ 3,950,000
PNC Bank First Mortgage
$ 380,247
Seller Funds
$ 3,852,000
TDHCA 2nd Mortgage (NSP) Funds
NHPF BUILDS TEXAS
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