Oak Ridge Apartments Ready to Open
Residents in Nolanville are a few weeks away from having a new place to live.
Nolanville City Manager Kara Escajeda said she thinks it’s a great addition to the city.
“It’s safe. It’s new, and I think it’ll provide our residents with an affordable option,” Escajeda said.
Local independent Realtor Scher Thurston, who toured the property last week, said it reminds her of apartments in the Dallas area.
“I think the program is neat because if someone’s not in a position to qualify for purchasing a home, this helps them get ready for that transition,” Thurston said. “So I wanted to see the amenities and layout, so I can make an informed recommendation to clients.”
The new complex in Nolanville is an income-restricted affordable housing development, said David Perkins, a national leasing professional with Miller-Valentine Group.
“We’re a tax-credit community that provides quality, affordable, safe housing,” Perkins said.
The project was possible through the competitive Texas Department of Housing & Community Affairs’ taxcredit program, he said.
According to the TDHCA website, the program directs private capital toward the development and preservation of affordable rental housing.
Rent varies, based on a percentage of the tenant’s median family income and number of household members, according to the TDHCA.
Krystle Purdy, the community manager of the complex, said the complex has large two bedroom and two bath apartments available for $725, a couple of three bedroom and two bath apartments for $680 and another three-bedroom, two bath apartment for $835.
Application fees are $9.50, and the $100 deposit fee goes toward rent, Purdy said.
District Manager John Shry said applications are being reviewed for about the next five weeks, and move in could be June 1-15 depending on finalizing construction.
Shry said the two buildings, three stories high, 48-unit complexes will feature a club room with a gym and television, a pool, business center with computers and an area for children if they want to do arts and crafts.
There also will be a community park, which is still being worked on, per the developer’s agreement with the city and its resolution, he said.
Interested applicants can call 877-370-1563, e-mail [email protected] or visit YourNextPlacetoLive.com.