Lady in Blue Townhomes Presentation to City of
Lady in Blue Townhomes Presentation to City of San Angelo City Council February 4, 2014
Summary • 48 -unit affordable Townhome Community for working families • Located on Roosevelt St. between Buchanan and Florence Sts. • Funded using a mix of Private Equity, Bank Loans, and Federal Housing Tax Credits. • Constructed and Operated in joint venture between Mac. Donald Companies and Galilee Community Development Corp.
Affordable • Affordability is maintained through use of federal Housing Tax Credits (HTC) • HTC’s incentivize private investment in affordable housing, rather than having public involvement • Not “Section 8” Housing – residents must show income and pay rent • Allows working families with low incomes to have quality, safe housing and still be able to afford food, medicine, transportation, etc.
Location
Site Plan
Elevations
Elevations
Elevations
Floor Plans
Floor Plans
Community Amenities • • • Computer/Business Center Resident Services Coordinator On-site Management & Maintenance Close to sources of employment Tenant Education Programs (such as Credit Management, Household Budgeting, etc. )
Unit Amenities • Water Conserving & Energy Efficient Fixtures • Plank Flooring • Full Kitchen with Microwave, Full-size Range & Dishwasher • Laundry Connections in each unit • Units Accessible/Adaptable for Persons with Disabilities
About Mac. Donald Companies • • Based in Kerrville Third-generation Family Business Owners & Operators, not Speculators Developed/Own/Operate more than 3, 500 Units in Texas, including five properties in San Angelo • More information available at: http: //www. macdonald-companies. com
Some of Our Other Communities
Some of Our Other Communities
Some of Our Other Communities
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