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Urbannizer

Emancipation East & West, Mid-Rise Affordable Housing

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https://www.sc-arch.com/work/emancipation-east-west-apartments/

 



Smith & Company provided feasibility and site studies for the proposed Emancipation East and West Apartments in Third Ward Houston.

The proposed mixed-income housing development is planned as two 4 to 5 story buildings to be developed on the Project Site, located east and west of the intersection of Emancipation Avenue and Drew Street, with an aggregate of approximately 200 units (of which 120 would be affordable to low-income households), ground level retail, and associated parking.

The estimated East | West Project Phase cost of $32 million would be funded through 9% low-income housing tax credits, conventional financing, local government funding (including funding from Midtown of up to $3 million towards the cost of parking and infrastructure improvements) and private contributions.

 

Emancipation-East-West-Architectural-Ren

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Pretty cool to see all these mid-rises develop surrounding the park. The 3rd ward is definitely going to start looking different. 

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1 hour ago, Eastdwntwn said:

Why is midtown a part of the funding? Is the midtown management district trying to keep affordable housing out of midtown? Just curious.  

I believe the midtown TIRZ has been buying land in 3rd ward to hold it/develop it as affordable housing; there was a deeper discussion of it on here a while back but I don't even remember which forum

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7 hours ago, cspwal said:

I believe the midtown TIRZ has been buying land in 3rd ward to hold it/develop it as affordable housing; there was a deeper discussion of it on here a while back but I don't even remember which forum

 

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