The Texas Department of Housing and Community Affairs (TDHCA) announced a funding award of $500,000 in funds to developers constructing the 92-unit Abilene Senior Village Apartments which will help finance five units designed for low income senior citizens with disabilities. The award was made through the Department’s HOME Investment Partnerships (HOME) Program, funded through the U.S. Department of Housing and Urban Development. The remaining 87 units are being financed through a 2009 TDHCA Housing Tax Credit Exchange Program award of approximately $1.1 million.
“Many senior citizens find their housing choices are severely limited, and the challenge of finding decent, affordable housing can be significantly greater with a disability,” said TDHCA Executive Director Michael Gerber. “There is a real need for decent affordable rental housing for our most vulnerable residents. This award will provide tenants the long-term benefits of a stable, secure home life, while creating additional construction jobs and the payroll, taxes, and fees that help provide essential services at the local level.”