Gateway Northwest - Application - Texas State Affordable

114 Pages·2012·6.61 MB·English

2012 TSAHC Bond Application
The Gateway Northwest
Georgetown, Texas
Owner: THF Georgetown Gateway Northwest, Ltd.
General Partner: THF Gateway Northwest, LLC
Developers: THF Housing Development Company, LLC and
ILG Development, Inc.
Contact Person: Mark Mayfield, President/CEO
Texas Housing Foundation
1110 Broadway Street
Marble Falls, TX 78642
830-693-4521 (phone)
830-693-5128 (fax)
[email protected]
or
Ja nine Sisak, Senior VP /General Counsel
Diana McIver & Associates, Inc.
4101 Parkstone Heights Drive, Suite 310
Austin, Texas 78746
512-328-3232 x 166 (phone)
512-329-4584 (fax)
[email protected]
2012 TSAHC Bond Application
The Gateway Northwest
Georgetown, Texas
Tab 1: Development Information
Please find the following information behind this tab:
Development Narrative
Developer Resume
x s
T E A
State Affordable Housing Corporation
Tab 1
III. DEVELOPMENT INFORMATION.
Name of Development: The Gateway Northwest
D Multi Property Pooled Transaction I:8J Single Property Transaction
Number of Properties: 1 Total Number of Units: 180
Number of Low-Income Units: 177
Targeted Housing Need. Each application must meet one of the four Targeted Housing Needs as noted in
the RFP. Please select all that apply.
[8J Rural and Smaller Urban Markets D At-Risk Preservation and Rehabilitation
D D
Senior and Supportive Housing Disaster Relief Housing
(001 Please attach a narrative of the planned Development behind this page of the application. Include any
details about the Development that will help us identify it as one of the five Targeted Housing Needs.
IV. DEVELOPER INFORMATION
Co-developer THF Development Company, LLC'
Name of Developer: Co-developer ILG Development, Inc.
Developer Address: 1110 Broadway
City: Marble Falls State: Texas Zip: 78654
Contact Name: Mark Mayfield Contact Phone: [phone]
Contact Email: [email protected] Contact Fax: [phone]
Signatory Name: Mark Mayfield Signatory Phone: [phone]
Signatory Title: President/CEO of THF Housing
Development Corporation, the Managing Member of
THF Gateway Northwest, LLC, the General Partner Signatory Email: [email protected]
Does the Developer, or Developer's principals, have experience in affordable [8J Yes / D No
housing development?
Does the Developer, or Developer's principals, have experience with bond [8J Yes / D No
financed development?
How many units of housing have the Developer, or Developer's principals, 1 052
completed?
(001 Please attached a narrative that describes the background and experience of the Developer, and
Developer's affiliates
Please see attached narrative.
Updated 11.14.11 Page 3 of 16
DEVELOPMENT NARRATIVE
The Gateway Northwest
Georgetown, Texas
About the Proposed Housing
The Gateway Northwest is proposed as a newly constructed multi-family community of 180
units in Georgetown, Williamson County, Texas. This apartment complex will include nine two
and three-story residential buildings and one community building, and will target families at a
mix of incomes as follows:
I # of units I Type I Square Footage I Rent I Income Eligibility I
l l l l l l
9 IBrllBa 688 sq. ft. $344 30% of Median
l l l l l l
35 2Br/2Ba 1,050 sq. ft. $775 60% of Median
r::T::::::::::::::::::::::::::::::·::::::::::::r::~:~i.!.?~:~::::::::::::::::::::::::::r::::L§:~:Q:::~q:~::~:;::::::::::::::::::::::rJ?:§§:::::::::::::::::::::::::::::::r:::~~~~:~~::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::1
l l l l l l
55 3Br/2Ba 1,250 sq. ft. $865 60% of Median
[j:::::::::::::::::::::::::::::::·::::::::::::r:.~:~i.!.?~:~:::::::::::::::::::::::::I::L?:$.:Q:::~:q:·:::~:;:::::::::::::::::::::::r:::$.I9.:§§::::::::::::::::::::::::::r::~~~~:~~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::.::::::::1
Currently the income eligibility level for a 30% unit is $15,960 for a single person and $18,240
for a couple. The 60% income level is $31,920 for a single person and $36,480 for a couple.
These limits are adjusted annually.
Each of the nine residential buildings has twenty apartment units. Each apartment unit will
include 9' ceilings, a full appliance package, washer/dryer hookups, ceiling fans, and a private
patio with secured storage. The buildings will be designed to maximize energy efficiency,
including dual pane insulating windows, insulation that exceeds code for walls and ceilings, and
high SEER rated air conditioners. The design will feature a hardiplank and stucco exterior, and a
community building that features:
.:. A community room with covered patio and "party kitchen" for gatherings, resident
meetings, and special social events;
.:. A swimming pool;
.:. A fitness room;
.:. Manager and leasing offices;
.:. Maintenance office/workroom;
.:. Storage units;
.:. Laundry facilities;
.:. BBQ and picnic areas;
.:. Children's playscapes.
Additionally, services will be provided onsite, at no cost to the residents. Such services will
include social and educational activities, health screenings, and information and referral.
About the Site & Neighborhood
The proposed development will be located on approximately 8 acres of land at the northwest
corner of the intersection of Northwest Boulevard and Washam Drive. This is an ideal location
for families as it is located near the Interstate Highway 35 access road, and therefore is within a
short driving distance from many retail and eating establishments.
About the Proposed Ownership
The Gateway Northwest will be owned by THF Georgetown Gateway Northwest, Ltd., a Texas
limited partnership. The sole managing member will be THF Gateway Northwest, LLC, owned
by THF Housing Development Corporation, an affiliate of the Texas Housing Foundation.
Page 2
TEXAS HOUSING FOUNDATION
A Texas Regional Public Housing Authority
Mission Provide opportunities for lower income residents of the State of Texas to live in decent
and safe housing that they can afford located in communities of which they can be
proud.
Creation The Texas Housing Foundation was created in 2006 to provide the tool to create,
develop, administer, manage, and provide services to affordable housing projects
through its related business entities and for its residents and the communities in which
they are located. Through 2010, over $80MM financed to develop over 900 units.
Vision We envision communities in which families and individuals, senior citizens and children,
independent and interdependent citizens, live and grow in homes and neighborhoods
that are comfortable and valuable. We have developed and/or manage 1000+ units of
affordable housing.
Brand Raising the Standard of Living
Leadership THF is governed by a 3-member board of directors appointed by the County
Commissioners of each participating county. Currently Blanco, Burnet and Llano
Counties participate within the organizational structure of the Texas Housing Foundation.
Goals CREA TE OPPORTUNITIES
Single-family and multifamily residences that meet the needs
of lower income residents for decent and affordable housing.
CREA TE VALUE
Residential properties that are assets
to our residents and our neighborhoods.
CREA TE QUALITY
Residents are customers who have choices.
Their satisfaction is our business.
Attitude Care for our customers.
Exceed others' expectations.
Challenge the commonplaces.
Beat the benchmarks.
Surpass our standards.
Achievements, 1995 Developed 24 3BR duplex units in Marble Falls with a commercial bank
Properties Managed loan, HOME, and AHP financing.
1997 - 2001 Built 24 3BR homes in an infill subdivision in Marble Falls with a HOME
interim construction fund and private mortgages.
1998 Developed 54 townhouses with local bank tax-exempt financing
2000 Co-developed 76-unit senior apartments in Kingsland with LlHTC.
2001 Co-developed 48-unit seniors project in Fredericksburg with LlHTC and
TDHCA Housing Trust Fund financing.
2003 Co-developed 76-unit seniors project in Marble Falls with LlHTC.
2004 Co-developed 124-unit family project in Marble Falls with PAB+LlHTC
2004 Co-developed 76-unit family project in Kingsland with LlHTC
2005 Co-developed 44-unit seniors project in Fredericksburg with LlHTC
2008 Co-developed 28-unit family project in Johnson City with HOME
2010 Co-developed 76-unit family project in Liberty Hill with LlHTC
2010 Co-developed 64-unit family project in Llano with LlHTC/HOME
2010 Co-developed 112-unit family project in Waco with LlHTC/HOME
2010 Acquired 64-unit family project in San Marcos developed with LlHTC
2011 Co-developing 80-unit family project in Marble Falls with LlHTC/HOME
Co-developing 64-unit family project in Canadian with LlHTC/HOME
Co-developing 18-unit Phase II family project in Johnson City w/ HOME
TEXAS HOUSING FOUNDATION
A Texas Regional Public Housing Authority
Community THF currently operates and fully underwrites a one-stop social service outreach serving
Resource Centers of Burnet County with 29 participating non-profit and state agencies all housed under one
Texas, Inc. roof. Construction is now complete with additional new Community Resource Centers in
Llano and Williamson Counties.
Affiliated Businesses THF also collaborates with other municipalities, foundations, service providers and
through joint ventures with private developers to develop, finance, and manage
affordable housing projects.
Contact Mark A. Mayfield, President and Chief Executive Officer
Texas Housing Foundation
1110 Broadway, Marble Falls, Texas 78654
Tel [phone] Fax [phone] Email [email protected]
www.txhf.org
~
BUILDERS LTD.
~--c;'ENERAL. CONTRACTOR
6810 -B FM 2147 West Phone: [phone]
P.O. Box 8327 Fax: [phone]
Horseshoe Bay, Tx 78657
Organization: Limited Partnership
Established: 1982
Descri ption: A general contracting firm specializing in multi-family and light commerical
projects.
Partners: Steve Nash and Ryan Nash
Selected Project List
Project: San Gabriel Crossing Apartments
Owner: THF Liberty Hill Housing LP
Architect: Cameron Alread Architect, Inc.
Contract: $6,500,000.00
Completion: Aug-11
Description: A 76-unit apartment complex for families.
Project: Park Ridge Apartments
Owner: Park Ridge Ltd.
Architect: Cameron Alread Architect, Inc.
Contract: $5,788,000.00
Completion: Aug-11
Description: A 64 unit apartment complex for families.
Project: Stanley Dental
Owner: Dickie Stanley
Architect: Chad Pierce
Contract: $ 1,485,000.00
Completion: Mar-10
Description: Dental office building.
Project: Highland Lakes Realtors Association Building
Owner: Highland Lakes Realtors Association
Architect: Walter Barrineau
Contract: $ 780,000.00
Completion: Feb-10
Description: 5500 sf Office Building
Project: Creekview Apartments
Owner: Texas Housing Foundation
Architect: Cameron Alread, Architect
Contract: $ 2,658,000.00
Completion: Sep-09
Description: A 28 unit apartment complex for families.
Project: American Bank of Texas -Horseshoe Bay
Owner: American Bank of Texas
Architect: TAG International
Contract: $ 881,000.00
Completion: Jun-09
Description: Branch Banking Facility
Project: Cattleman's National Bank -Blanco
Owner: Cattleman's National Bank
Architect: Stehling, Klein, Thomas Architects
Contract: $ 1,150,000.00
Completion: Jan-09
Description: Branch Banking Facility
Project: Faith Academy Gym
Owner: Faith Academy Gym
Architect: n/a
Contract: $ 240,000.00
Completion: Dec-08
Description: 8000 sf multi-purpose gymnasium
Project: Townepark Fredericksburg Phase II
Owner: Townepark Fredericksburg Housing Partners
Architect: Cameron Alread, Architect
Contract: $ 2,400,000.00
Completion: Jan-07
Description: A 44 unit apartment complex for senior citizens with recreation facilities.
Project: Henly Volunteer Fire Department
Owner: Hays County Emergency Services District
Architect: Earl Nesbitt
Contract: $ 300,000.00
Completion: Mar-07
Description: Vehicle and equipment storage with office space.
Project: Kingsland Trails Apartments
Owner: Kingsland Trails LP
Architect: Cameron Alread, Architect
Contract: $ 4,280,000.00
Completion: Jan-06
Description: A 76 unit multi-family apartment complex with recreation facilities.
Project: First State Bank Central Texas -Kingsland
Owner: First State Bank Central Texas
Architect: Enviroplan
Contract: $ 715,000.00
Completion: Jul-06
Description: Branch Bank Facility
Project: American Bank of Texas - Kingsland
Owner: American Bank of Texas NA
Architect: TAG International
Contract: $ 730,000.00
Completion: Jul-06
Description: Branch Bank Facility
Project: First State Bank Central Texas -Marble Falls
Owner: First State Bank Central Texas
Architect: Earl Nesbitt
Contract: $ 600,000.00
Completion: Apr-06
Description: Branch Bank Facility
Project: American Bank of Texas -Operations Center
Owner: American Bank of Texas NA
Architect: TAG International
Contract: $ 900,000.00
Completion: Oct-OS
Description: Office Building
Project: Meadowlakes MUD Administration Building
Owner: Meadowlakes Municipal Utility District
Architect: David Rowland
Contract: $ 300,000.00
Completion: Jan-OS
Description: First State Bank Central Texas -Burnet
Owner: First State Bank Central Texas
Architect: Earl Nesbitt
Contract: $ 330,000.00
Completion: Feb-04
Description: Branch Bank Facility
Project: TownePark Fredericksburg Phase I
Owner: TownePark Fredericksburg Housing Partners
Architect: Cameron Alread, Architect
Contract: $ 2,700,000.00
Completion: Jul-03
Description: A 44 unit apartment complex for senior citizens.
Project: Gateway Gardens
Owner: Assisted Care Services, Inc.
Architect: Hassan Irsheid
Contract: $ 2,700,000.00
Completion: Dec-02
Description: Assisted living care center.
Project: TownePark Kingsland
Owner: TownePark Kingsland Housing Partners
Architect: Cameron Alread, Architect
Contract: $ 4,200,000.00
Completion: Jul-02
Description: A 76 unit multi-family apartment complex.
Project: Arrowhead Bank Fredericksburg
Owner: Arrowhead Bank
Architect: Earl Nesbitt
Contract: $ 750,000.00
Completion: Sep-OO
Description: Branch Bank Facility
Project: Turtle Creek Townhomes
Owner: Marble Falls Housing Development Corp
Architect: Cameron Alread, Architect
Contract: $ 2,300,000.00
Completion: Jul-99
Description: A 54 unit multi-family apartment complex.