OM Housing is developing a 112-unit mixed-income community in Arlington, Texas.
The approximately $27 million Bardin Apartments will utilize low-income housing tax credits from the Texas Department of Housing and Community Affairs in conjunction with financing from Colliers Mortgage/Federal Housing Administration and PNC Bank. Eighty percent of the units will be affordable, and 20% will be market rate.
“This project is a great example of housing credits requiring the input and support from local community-based organizations coming together to create the evolution of project design,” said Deepak Sulakhe, president and CEO of OM Housing. Founded in 2005, the company has been responsible for developing over $900 million in multifamily projects totaling over 7,500 units.
In partnership with Mission Arlington and other local community-based organizations, Bardin Apartments will provide learning and lifestyle activities for both children and adults, including aquatic activities, nutrition and computer classes, and other adult education programs. An on-site resident services coordinator will lead community services to residents at no cost.
Property amenities include a butterfly garden, a swimming pool, barbecue grills and picnic seating, a pedestrian-friendly environment, crime prevention features, Wi-Fi in public spaces, a playscape, bicycle racks, and a 6,000 square-foot clubhouse with a main social center along with a community kitchen, a coffee lounge, a business/computer center, a fitness center, and a community activity center for children.
Bardin is within walking distance to restaurants, retail, and essential services. Additionally, it will also be the first National Green Building Standard-certified project in the city.
“We are thrilled to see the ground breaking for Bardin Apartments, which will help fill the gap in affordable housing for working families,” said Mindy Cochran, executive director of housing for the city of Arlington. “OM Housing has been flexible and responsive to the needs identified throughout the process and engaged neighbors, faith-based groups, and nonprofits throughout the planning process. They are a great partner.”
HEDK Architects has created a hybrid, walk-up-style community in coordination with neighboring facilities.
