OM Housing has announced the development and upcoming groundbreaking of the Hammack Creek Apartments, a 112-unit mixed-income housing community in Kennedale, Texas.
The approximately $24 million low-income housing tax credit development is financed by Colliers Mortgage, Boston Financial Investment Management, the Department of Housing and Urban Development, and the Texas Department of Housing and Community Affairs.
“This project is a great example of housing credits used as both an economic development tool to kick-start the local economy and satisfy a dire need in the community by providing quality eco-friendly housing,” said Deepak Sulakhe, president and CEO of OM Housing.
Founded in 2005, the Dallas-based firm has developed more than $950 million in multifamily projects totaling over 7,500 units.
Hammack Creek Apartments will create more than 150 construction jobs and six permanent jobs for the community. Located in the Dallas-Fort Worth metroplex, Kennedale is a small but growing city with approximately 8,000 residents.
Nearly 80% of the units will be affordable to households earning no more than 60% of the area median income. The community will provide learning and lifestyle activities for both children and adults, including aquatic activities, nutrition and computer classes, and other adult education programs in partnership with local community-based organizations such as Mission Arlington | Metroplex and the YMCA. An on-site resident services coordinator will provide community services to residents at no cost.
Hammack Creek’s amenities include a swimming pool, a gazebo, an outdoor kitchen with barbecue grills and picnic seating, crime prevention features, Wi-Fi in public spaces, a playscape, bicycle racks, and a 5,500 square-foot clubhouse with a main social center along with a community kitchen, a coffee lounge, a business/computer center with complimentary access to print and fax services, a fitness center, and a community activity center for children.
Interior unit amenities include 9-foot ceilings, stainless steel appliances, Energy Star-rated appliances and windows, high-efficiency lighting and fixtures, spacious kitchens, and ceiling fans in living area and bedrooms. Hammack Creek Apartments will be the first National Green Building Standard-certified project in Kennedale, according to the developers.
“The development of quality affordable National Green Building Standard-certified housing will serve as a catalyst for investment along the Parkway and in the core of the city,” said city manager George Campbell.
The project is designed by HEDK Architects, and the general contractor is Spring Valley Construction, with engineers Barron-Stark Engineers and MMA.
