The Richcrest Apartments Development is designed to close the substantial shortage of affordable housing units in Harris County. According to the Houston Housing Authority, “Recent Census data indicates that over 400,000 households in Houston qualify for housing assistance at 80% of the Area Median Income (AMI), additionally there are 155,582 families currently living in poverty. Over 200,000 families in Houston pay greater than 30% of their income for housing. The existing housing stock only provides affordable opportunities for 76,725 families in Houston. This sheds light on the extent of the need for affordable housing for all families at all income ranges below 80% of AMI. The Houston Housing Authority wishes to increase the number of affordable housing units available for qualified residents within its jurisdiction.”
AMTEX will be developing a 288-unit apartment complex in north Harris County. The project kicks off in June 2020 and will last for 18 months. Click here to access the presentation from the AMTEX Outreach event for a better understanding of key project timelines and trade/supplier needs.
To learn more about AMTEX, their work in Texas as well as other markets across the nation, click here to be taken to amcalhousing.com