OURT & W ELLING ELLINGTON C OUR OURT A PA PARTMENTS A Proposed - - PowerPoint PPT Presentation

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OWEN COUR OURT &

WELLING

ELLINGTON COUR OURT APA PARTMENTS

A Proposed Development of Fort Worth Housing Solutions

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Fo Fort Wo Worth Housi Housing Solutions Solutions

FWHS has constructed and/or acquired residential developments in all areas of the city of Fort Worth. FWHS continues to locate new sites in all areas of the city.

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Cowen Court Wellington Court

Neighborhood Map

Cowen Court Wellington Court Rosedale Park Boys & Girls Club Cavile Place New Quiet Zone

In Intr troductio tion

Cowen Court Apartments – A Proposed Mixed Income Residential Development

• Located at Rosedale and Amanda St in Fort Worth
• The site area is approximately 3.59 acres
• Planned for 107 units
• A mix of affordable units
• 30 – One Bedroom, one bath – 750 sq. ft.
• 54 – Two Bedroom, two bath – 1,034 sq. ft.
• 23 – Three Bedroom, two bath – 1,259 sq. ft.

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Pr Property Desi Design gn – C – Cowen Court Court

The property will be developed into:

• 4 buildings
• 3 floors per building

Amenities include: Clubhouse with Fitness Center, Community Room and Laundry Room, Toddler Playground, Controlled Gated Entry, Free WiFi in common areas.

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Site Plan – Cowen Court

In Intr troductio tion

Wellington Court Apartments – A Proposed Mixed Income Residential Development

• Located at Rosedale and Stalcup Road in Fort Worth
• The site area is approximately 4.98 acres
• Planned for 132 units
• A mix of market rate units and affordable units
• 34 – One Bedroom, one bath – 750 sq. ft.
• 66 – Two Bedroom, two bath – 1034 sq. ft.
• 32 – Three Bedroom, two bath – 1259 sq. ft.

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Pr Property Desi Design gn – Wellin ellington Court Court

The property will be developed into:

• 5 buildings + Clubhouse
• 2 and 3 floors per building

Amenities include: Clubhouse with Fitness Center, Community Room and Laundry Room, Toddler Playground, Controlled Gated Entry, Free WiFi in common areas

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Site Plan – Wellington Court

Building Design

Building Design

Uni Unit Br Break eakdown

• wn

Affordable rate units: 239 Units Area Medium Income (AMI) ‐ $69,400 Rental Rates

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102 Family Size 1 2 3 4 5 Income (60%) $29,160 $33,360 $37,500 $41,640 $45,000 Unit Size 1‐bedroom 2‐bedroom 3‐bedroom Rental Rate $781 $937 $1,083

Sal Salaries ries of

• f lo

local positions: positions:

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102 Job Title Salary Campus Monitor $16,236 Teacher Assistant I $16,690 Attendance Clerk $24,922 Custodian I $21,736 Job Title Salary Administrative Assistant $38,360 Code Compliance Technician $24,555 Equipment Operator $30,691 IT Help Desk Technician $33,060 Fort Worth ISD Employee Sampling City of Fort Worth Employee Sampling

Uni Unit Br Break eakdown

• wn

Rental Assistance Demonstration (RAD) units:

• 20% of Units = 48 Units
• Definition of RAD Units

The RAD is a new program initiated by HUD, to address the underfunded capital needs of Public Housing apartments across the

• country. RAD will provide FWHA with the means to de‐concentrate
• ur public housing developments into more vibrant, mixed income

and mixed use neighborhoods.

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Dev Developm pmen ent Pa Partners rs

• Fort Worth Housing Solutions
• Madhouse Development
• Developer with a Texas presence
• Has 30+ years of multifamily developments, specializing in affordable housing.
• This will be the first development partnership with Fort Worth Housing

Solutions.

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

Pr Property Ma Manage geme ment Te Team

• QUADCO – Management company
• Based in Fort Worth
• Manages most properties operated and wholly or partially owned by Fort

Worth Housing Solutions as well as properties owned by other Texas agencies.

• Focused on
• Compliance
• Security
• Quality

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102

QUESTIONS

Fort Worth Housing Solutions 1201 East 13th Street Fort Worth, Texas 76102