Affordable housing development opens in South Fort Worth with 252 new units
Posted Oct. 13, 2010
The NRP Group in partnership with the Fort Worth Housing Authority have come together to open Woodmont Apartment Homes, an affordable housing community. The new development is located approximately five miles south of downtown Fort Worth and marks the first affordable housing development to open near the central business district in the last two years.
The 252-unit development - located off I-35 south - offers residents the choice of one, two, three or four bedroom floor plans. The footprint also includes an exercise facility, play areas for children and a community pool. In addition, this new neighborhood is located convenient to Fort Worth ISD schools as well as accessible to The T and retailers and grocers. Woodmont marks the first of three housing communities in the Fort Worth housing market over the next five years for The NRP Group.
Councilmember Kathleen Hicks said she’s proud of this new development in an important part of Fort Worth that’s ripe for new develpoment.
“I am especially excited of the public/private partnership between the City of Fort Worth, NRP Group and the Fort Worth Housing Authority,” said Hicks. “It is partnerships like these that make all the difference in realizing projects that add to the renaissance of District 8.”
Financial partners involved in the apartment community included Bank of America, Oak Grove Capital and Stewart Title. The property was designed and engineered by Alamo Architects and Bury + Partners (engineering firm). Other partners include Coats Rose and Novogradac & Company.
“Woodmont appeals to a segment of people who work in or around downtown and need affordable housing options,” said Dan Markson, The NRP Group Senior Vice President. “The NRP Group is excited about its future in the Fort Worth market and looks forward to becoming a community partner in the growth and advancement of this thriving area.”