Citadel on Elgin

Affordable Housing In Houston, Texas

Construction on Citadel on Elgin, a 74-unit senior citizen mid-rise building, began in the summer of 2021 and was completed in 2023. Citadel on Elgin is a four-story elevator-served podium building consisting of 74 studio and one-bedroom apartments and 56 parking spaces. Citadel on Elgin meets the ICC 700 Green Building Standard as well as accessibility requirements for both mobility impaired as well as hearing and visually impaired residents. Substantial indoor and outdoor activity space has been provided for resident services programs at the property.

Total Development Cost

$27,665,000

Financing
Secured financing and funding for this project include:

$11,821,0004% LIHTC Equity
$10,250,000City of Houston Soft Loan
$3,255,000Tax-Exempt Bond Loan
$1,497,500CSH Grant
$841,500Deferred Developer Fee
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