What We Know About Villas at Western Heights

Details

Address

1515 Fort Worth Ave, Dallas, TX 75208

Units

130

Floors

3

Developer

Stuart Shaw Family Partnership

About

Villas at Western Heights is a Senior living Apartment Home that will have two and three-story complex with 130 units. Twenty-six will be available at market rate, and 104 of them will be affordable.

Estimated Budget

$30,500,000

Timeline

Mar 1, 2022 - The project received low-income housing tax credits from the federal government, as well as tax increment financing from the City of Dallas for up to $7.6 million.

The Villas at Western Heights is expected to cost about $30.5 million to build. The developers are Stuart Shaw Family Partnership Ltd. and Sycamore Strategies LLC. (Oak Cliff Advocate)

Sep 8, 2020 - West Dallas complex would include affordable apartments for the elderly

Developers are seeking incentives for a West Dallas housing community that would include a combination of affordable and market-rate apartments.

The developers are seeking as much as $7.68 million in tax increment finance district funding from the city, according to filings with the Dallas Economic Development Committee.

To qualify for the funding, the builder would have to provide 80% of the units for elderly households earning 30%, 50% and 60% of the area’s median Income. (Dallas News)