DAHC owns and manages a portfolio of 79 rental units which are primarily reserved for special needs populations. For the most part, these units are located on scattered sites throughout the City of Denton. A few of the units are located in the neighboring communities of Sanger and Corinth.
Coronado Complex
12 two-bedroom units configured in 3 fourplexes
- Originally purchased from the RTC
- As a nonprofit, purchased at a deep discount
- 3 of the 12 units leased to very-low-income households
- 2 of the 12 units leased to low-income households
- Monitored by the State
- Rent ranges from $740 – $800
City of Denton HOME fund grant for upgrades
- 8 of the 12 units affected
- At lease-up, 90% must be 60% AMI
- After lease-up, 100% of the 8 units must be <80% AMI
- Monitored by the Denton Community Development Office
4 units are market-rate units
Bolivar and Elm Duplexes
Acquired 2 duplexes in 1998
- 2-bedroom, 2-bathroom units
- Primary financing source TX Housing Trust Fund
- 2 @ 60% AMI 2 @ 30% AMI
- 2 Transitional Housing
- 2 Persons w/ Disabilities
- Rents range from $274 – $720 (Section 8 subsidized)
Strata & Casie Duplexes
4 duplexes on 2 separate sites (8 units)
- Financing structure
- TDHCA 1% HOME loan
- Federal Home Loan Bank of Dallas grant
2 duplexes were acquired on Casie Court
- 3-bedroom, 2-bathroom, single-car-garage
- Transitional Housing units
- Case management provided by HOPE, Inc.
- Rent $575
2 “turn-key” construction on Strata Drive
- Designed to be fully-accessible for disabled
- 2 bedroom, 1-bathroom
- All long-term tenants w/ Section 8 subsidies
- Rent $581
Strata Drive Units
Casie Court Units
Long-Term Special Needs
10 scattered site units serving various populations
- 6 existing single-family homes were acquired
- 3 group homes for developmentally disabled adults
- 3 large low-income families
- 4 units were constructed
- 2 single-family homes (3 bedrooms, 2 baths)
- 1 duplex (2 bedrooms, 1 bath)
- Transitional housing units
Financing Structure
- TDHCA HOME funds
- Federal Home Loan Bank of Dallas
Group Homes Leased to MHMR
Single-family homes for families
Transitional Housing for Victims of Domestic Violence
11 scattered site units constructed in 2002
- 1 fourplex
- 3 duplexes
- 1 single-family dwelling
- Rent ranges from $286 – $600
Financing Structure
- TX Housing Trust Fund
- Federal Home Loan Bank of Dallas
- Wells Fargo
Case management provided by HOPE, Inc.
- Families referred from Friends of the Family shelter
DAHC Housing I, II & III
HUD Section 811 units developed in 3 separate projects
Federally subsidized units for people w/ disabilities
- Because HUD provides financing, there is no debt service
- Tenant pays 1/3 of their adjusted income
- Subsidy remains with the unit
Barrier free design for accessibility
2-bedroom, 1 bathroom units
Financing structure
- HUD – Denton County HFA — DAHC
- FHLB – FHLB — City Impact Fee grant
DAHC Housing I
DAHC Housing II
DAHC Housing III
