Title
Update Kinwood Apartments (Creek Point) Rehabilitation
Summary
ITEM SUMMARY:
• December 20, 2019 - Inducement Resolution approved by MHFC
o $30 million - 200 units - 3300 N McDonald, 75071
o 9 apartment buildings, clubhouse, built 2002
o Estimated total project cost $40,621,547
§ $26,000 per unit - kitchens, flooring, bathrooms
& window treatments
• Estimated construction start date 5/1/20 - 12/31/20 Estimated Completion
• Application for Bond Allocation submitted to Texas Bond Review Board
• Certificate of Reservation issued on February 7, 2020
o 35-Day deadline: 3/13/2020
o Closing deadline: 8/5/2020