Fort Worth Approves Affordable Housing Project

0:00It's April 6th. Welcome in. This is Dallas News today, where local news meets AI. I'm Cory with the story. Fort Worth City Council just gave the green light to an Indiana developer for affordable housing in East Fort Worth. On March 31st, the unanimously approved Kiddell Property Group to chase a state housing tax credit. The plan calls for up to 321 apartments at 7124 Anderson Boulevard, all targeted at folks earning under 60. Percent of the area median income, 1, 2, 3, and 4 bedroom units. This crew from Kiddell has built over 150 mixed income spots across 16 states, so they know the game. The setup would pack in a clubhouse, fitness center, pool, playground, and dog park to keep residents hooked. No pushback from council members. Full support shows the city's hungry for more affordable options amid rising costs. That approval unlocks a shot at the 4% non-competitive tax credit due tax exam bonds, plus a waiver, on up to $30,000. In city fees, if they

1:05score it. This site's been in play before. Back in September, a different developer got the same nod for a tax credit application here. Right next door, Utah's Summataire Ventures is wrapping up Vick Center apartments, 268 market rate units. With East Fort Worth gearing up for these changes, eyes are on whether Kiddell seals the deal and starts building soon to ease the housing squeeze.