MARSHALL – Plans to build affordable senior housing near the northeast corner of Texas State Technical College on US 59 in Marshall are moving forward after the state agreed to help fund the project.
The Texas Department of Housing and Community Affairs announced that it has granted $ 1,041,113 in affordable housing tax credits over 10 years to Austin-based developer Trinity Housing Development for the project.
Michael Fogel, vice president of Trinity Housing Development, said his group met with city officials earlier this year to discuss the benefits and features of the project and to build support. Fogel added that her presentation to Marshall City Council earlier this year was valuable in that it set the stage for the project.
“The city not only approved our rezoning request, but also gave us the green light for development. A welcoming and productive working relationship with city staff for our vision for the project, along with supportive advice, was a motivating factor in our decision to invest in Marshall, ”he said. “City staff wrote an important supporting resolution that city council approved. This was the key to our application to (Texas Department of Housing and Community Affairs).
The 48-unit apartment complex will expand housing choices for the region’s growing retiree population, one of the goals of the Mobilize Marshal strategic plan, according to the city.
“We were very pleased to have this project presented to our office for review and approval,” said Melisa Lewis, chair of the Marshall Planning and Zoning Commission. “Trinity Housing Development has also confirmed to city staff that this will be a $ 9 million project, of which $ 6 million will be difficult construction costs. It’s good for the economy of the city as a whole.
According to Fogel, the rental property, which will be called Marshall Crossing, will be an age-restricted development for tenants 55 and over.
“We are working hard to meet our goal of starting construction by early summer 2022,” Fogel said.
City Manager Mark Rohr said one of the main goals of the city’s Mobilize Marshall strategic plan “is to improve short-term economic development, and an additional goal is to establish alternatives for housing for the elderly”.
“It is important to increase the availability, affordability and support for safe, decent and affordable senior housing in Marshall,” he added. “Ultimately, projects like this will improve the quality of life for our seniors in the city.”