AHP Grant Targeted for El Campo Apartment Renovations
- Oct 21, 2014
El Campo, Texas—National Church Residences was awarded a $259,000 Affordable Housing Program grant from Wells Fargo and the Federal Home Loan Bank of Dallas to renovate the Prairie Village Apartments, a 38-unit community serving low-income seniors in El Campo, Texas.
“The property was originally developed in 1989 by National Church Residences and is now over 25 years old,” Eric Walker, National Church Residences’ senior project leader, tells MHN. “The project was tired and in need of capital repairs to help increase the longevity of the building and replacements to heating and cooling systems allow the property to operate much more energy efficiently.”
The Prairie Village Apartments consists of nine efficiency units, 28 one-bedroom units and one manager’s unit.
“Wells Fargo was honored to support National Church Residences’ AHP application for its Prairie Village community,” Brandon Weber, relationship manager for Wells Fargo Community Lending & Investment, says. “As one of the premier nonprofit affordable housing owners and developers in the country, we value their mission of providing high-quality housing in communities of need and look forward to additional opportunities to partner with them in the future.”
The annual grants assist in the development of affordable, owner-occupied and rental housing for very low- to moderate-income households located across FHLB Dallas’ five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. The grant funds will be used strictly for the construction costs of the rehab.
The $4.8 million renovation will include complete gut rehab with new windows, roof, heating and cooling systems, new lighting, plus complete unit replacements including appliances, carpet, cabinets, countertops and bathrooms. Additionally, it will include work on an entrance gate, fencing system, parking lot, and landscaping.
“Affordable senior housing is very important to the city of El Campo,” Walker says. “The city was very cooperative and provided a loan to help with project costs.”
The apartment community is scheduled to reopen in May 2015.