What We Know About The Heights at MacArthur

Details

Address

400 S MacArthur Blvd, Irving, TX 75060

Units

76

Developer

Generation Housing Development

About

The Heights at MacArthur will offer one-, two- and three-bedroom units that will be reserved for renters earning between 30 and 60 percent of the area median income. Amenities will include a pool, fitness center, business center and a community room.

Estimated Budget

$21,300,000

Timeline

Dec 20, 2022 - Hunt Capital Partners (HCP) announced the closing of $12.9 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of The Heights at MacArthur in Irving, Texas. Following construction completion in 2024, The Heights at MacArthur will offer 13 one-bedroom, 42 two-bedroom and 21 three-bedroom units, set aside for family households earning up to 30%, 50% and 60% of the area median income (AMI).

To make The Heights at MacArthur possible, Hill Tide Ventures and Generation Housing Partners are collaborating to leverage their skillsets as the development team. The general contractor is similarly a joint venture between the non-profit Housing Channel and Watermark Commercial Contractors, LLC, who recruited HEDK Architects to serve as the project architect and Alpha Barnes to serve as property manager. Metro Dallas Homeless Alliance (MDHA) will provide community outreach to local populations who are experiencing homelessness. Better Texans Services will serve as the resident services coordinator for social services.(Hunt Companies)

Dec, 23 2022 - Hunt Capital Partners has provided $12.9 million in Low-Income Housing Tax Credit (LIHTC) equity for The Heights at MacArthur, a 76-unit affordable housing project in Irving. Total project costs are $21.3 million. (Rebusiness Online)