Change Happens Opens Houston Senior Affordable Housing Project – Robert Khodadadian

Change Happens CDC and NHP Foundation have opened The Citadel at Elgin, a 74-unit affordable housing complex for seniors at 3331 Elgin St. in Houston.

The $28 million project will serve households ages 55 and older.

Twelve units will be affordable for people making up to 80 percent of the region’s median income, 43 units for people making up to 60 percent, 8 for those making up to 50 percent, and 11 for those making up to 30 percent. Published rates range from $846 to $1,179 a month.

Amenities include a second-floor terrace, landscaping, fitness center, grilling facilities, and club room with a full kitchen.

Change Happens CDC is a non-profit 501(c)(3), funded largely by individual donors, corporations, and government agency grants at the local, state, and federal levels. CDC says it does not profit from charging residents market-rate, which means they can provide housing at more affordable rates.

The post Change Happens Opens Houston Senior Affordable Housing Project appeared first on Connect CRE.

Change Happens CDC and NHP Foundation have opened The Citadel at Elgin, a 74-unit affordable housing complex for seniors at 3331 Elgin St. in Houston. The $28 million project will serve households ages 55 and older. Twelve units will be affordable for people making up to 80 percent of the region’s median income, 43 units …
The post Change Happens Opens Houston Senior Affordable Housing Project appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate