Proponents of new subsidized senior housing in the Northeast area were disappointed to learn this week that two projects scheduled for construction on Mesa Road had earned low scores in a review by the Texas Department of Housing and Community Affairs.
This review affects whether the projects can get tax credits, which allow them to charge less for rentals and receive lower cost financing.
The projects are Mesa Senior Apartments, by SGI Ventures, and Commons of Grace Estates, by Grace Cathedral Church.
Both developers have indicated they would like to proceed with their projects, and will appeal the reviews. They are confident that they will find a way to build the projects.
