Programs

  • Affordable Housing Development

    THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED: INTERNAL REVENUE SERVICE 501(C)(3) INCOME TAX EXEMPTION. NUECES COUNTY, TEXAS, APPRAISAL DISTRICT PROPERTY TAX EXEMPTIONS. TATE OF TEXAS FRANCHISE TAX EXEMPTION. STATE OF TEXAS SALES TAX EXEMPTION.THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 VILLAGE AT GREENWOOD GP, LLC THAT PURCHASED LAND TO CONSTRUCT, OWN, AND OPERATE THE 69-UNIT VILLAGE AT GREENWOOD APARTMENTS. THE PROJECT COMPLETED CONSTRUCTION IN 2022. A TEXAS GENERAL OFFICE CONSTRUCTION GRANT PROVIDED THE PRIMARY CONSTRUCTION FUNDING.TAX CREDIT ENTITIES:THE ORGANIZATION FORMED ENTITIES TO ACQUIRE, DEVELOP, CONSTRUCT, AND OPERATE LOW-INCOME MULTIFAMILY PROPERTIES IN CORPUS CHRISTI, TEXAS USING TAX CREDITS. THE ORGANIZATION THROUGH SINGLE MEMBER LIMITED LIABILITY COMPANIES AND LIMITED PARTNERSHIPS MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF HUD AND THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 LEXINGTON GP, LLC, WHICH IS THE GENERAL PARTNER IN THE 110 LEXINGTON, LP THAT OWNS AND OPERATES THE 153- UNIT LEXINGTON MANOR APARTMENTS. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF THE PALMS AT LEOPARD GP, LLC, WHICH IS THE GENERAL PARTNER IN THE PALMS AT LEOPARD, LTD. THAT OWNS AND OPERATES THE 120-UNIT PALMS AT LEOPARD APARTMENTS.THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF WCA GP, LLC, WHICH IS THE GENERAL PARTNER IN WCA, LP THAT OWNS AND OPERATES THE 94-UNIT WOODLAND CREEK APARTMENTS.THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 GLENOAK LP, LLC, WHICH IS THE GENERAL PARTNER IN TG 110 GLENOAK, LP THAT OWNS AND OPERATES THE 68-UNIT GLENOAK APARTMENTS.THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF PROSPERAHCS CALALLEN GP, LLC, WHICH IS THE GENERAL PARTNER IN PROSPERAHCS CALALLEN, LP THAT OWNS AND OPERATES THE 96-UNIT CALALLEN APARTMENTS.THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 SAMUEL PLACE GP, LLC, WHICH IS THE GENERAL PARTNER IN TG 110 SAMUEL PLACE, LP THAT OWNS AND OPERATES THE 60-UNIT SAMUEL PLACE APARTMENTS.THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 VILLAGE AT HENDERSON GP, LLC, WHICH IS THE GENERAL PARTNER IN TG 110 VILLAGE AT HENDERSON, LP THAT OWNS AND OPERATES THE 88-UNIT VILLAGE AT HENDERSON APARTMENTS. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 CASA DE MANANA GP, LLC, WHICH IS THE GENERAL PARTNER IN TG 110 CASA DE MAN ANA, LP THAT OWNS AND OPERA TES THE 99-UNIT CASA DE MAN ANA APARTMENTS.THE ORGANIZATION CONTINUED AS MEMBER OF TG 110 VILLAGE AT MCARDLE GP, LLC, WHICH IS THE GENERAL PARTNER IN TG 110 VILLAGE AT MCARDLE, LP THAT PURCHASED LAND TO CONSTRUCT, OWN, AND OPERATE THE 82-UNIT VILLAGE AT MCARDLE APARTMENTS. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF TG 110 PALMS AT BLUCHER PARK GP, LLC, WHICH IS THE GENERAL PAR1NERINTG 110 PALMS AT BLUCHER PARK, LP THAT PURCHASED LAND TO CONSTRUCT, OWN, AND OPERATE THE 72-UNIT PALMS AT BLUCHER PARK APARTMENTS. THE PROJECT IS CURRENTLY UNDER CONSTRUCTION.
    Geographies
    Not indicated
    Dates
    Jan 1, 2023 – Dec 31, 2023
    Source
    990
    No causes provided
    No populations provided
    –
    $1.3M