Texas Has Fresh Take on Affordable Housing

Texas Has Fresh Take on Affordable Housing

Developers in Houston and San Antonio are thinking outside the traditional apartment box when it comes to affordable housing options. With home ownership and multi-use options, these developers are making the rest of the country stand up and take another look at Texas.

Midtown Condos Offer Houstonians Downtown Option

Surge Homes has taken over the corner of Isabella and Main streets in Midtown, and will be introducing its mid-rise condos to Houstonians in December 2019. Priced from $150,000 to $600,000, the 208 units offer everything from efficiency lofts to penthouses, all with private garage parking inside the gated complex. But, with a walkability score of 84 out of 100 points, Midtown acolytes may not even need their cars to get around; the METRORail stops just across the street.

All of the units feature fully customizable interior designs, an interior courtyard, fitness center, pool, and owners’ lounge with televisions and a full kitchen for entertaining. It’s a model that Surge first perfected with its development of Parc at Midtown, Upper Richton, and Museum BLVD.

Refurbishing the Heart of San Antonio

Dougherty Mortgage LLC is also leading the way in affordable urban housing in Texas. The company just secured Fannie Mae financing for its 84-unit Balcones Lofts project in Balcones Heights. The unit feature one to three bedrooms in a contemporary design with modern amenities, as well as a fitness center and mixed-use retail space, all in a pet-friendly package.

Affordability is starting to take on new meaning in an urban environment, and the rest of the country would do well to keep an eye on Texas developers who are change leaders when it comes to well-priced design in the heart of the city.