Serving the Missing Middle TALHFA Educational Conference Fort Worth, Texas Thursday, October 26, 2017 Presented by Avis F. Chaisson Acting Assistant Director,

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Presentation transcript:

Serving the Missing Middle TALHFA Educational Conference Fort Worth, Texas Thursday, October 26, 2017 Presented by Avis F. Chaisson Acting Assistant Director, City of Fort Worth Fort Worth Housing Finance Corporation Administrator

Enclave at Westport Partnership with between Integrated Real Estate Group FWHFC is GP 100% ad valorem exemption (high leverage of construction loan as a result) NEF mezzanine financing BOA conventional loan 51% of the units affordable at 80% or below of AMI; remaining units are market rate (339 units) FWHFC share in developer fee and cash flow

UNIT MIX Affordable (30% AMI) (50% AMI) (60% AMI) 14 6 80% AMI 153 Market 152 Total 339

2016 TALHFA Award Winner!

Thank You! Avis F. Chaisson Acting Assistant Director Avis F. Chaisson Acting Assistant Director Fort Worth Housing Finance Corporation Administrator Neighborhood Services Department Office Phone: 817-392-6342 Fax: 817-392-7328 Email: Avis.Chaisson@fortworthtexas.gov City of Fort Worth — Working together to build a strong community. Follow Fort Worth