Dec 23, 2022
Saigebrook starts $25M Dallas affordable housing project
DALLAS – Saigebrook Development has broken ground on Kiva East, a $25 million, 87-unit mixed-income multifamily complex.The community will reserve 70 percent of its units for those making between 30...
DALLAS – Saigebrook Development has broken ground on Kiva East, a $25 million, 87-unit mixed-income multifamily complex.
The community will reserve 70 percent of its units for those making between 30 and 60 percent of the area median income.
It will have a tuition-free early childhood education center from the Bezos Academy.
Opening is slated for December 2023.
The project will be financed by $3.4 million from the Dallas Housing Opportunity Fund and $2.48 million in financing from the U.S. Department of Housing and Urban Development’s HOME Investment Partnerships Fund.
The Texas Real Estate Research Center has more multifamily news online for free:
Source: Connect CRE
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