Completed 2021

9% LIHTC Community

30%-60% AMI

64 Units, 1-2BR

$14.30M Investment

Acquisition/Rehab

Bellfort Park

Houston, Texas

Bellfort Park is a 64-unit rent-restricted community located in the Braeswood Place neighborhood of Southwest Houston – a diverse neighborhood with high home values, well-ranked public schools, and a varied offering of entertainment, public parks, and local area amenities. KCG’s acquisition and renovation of the 65 year-old-community feature a new children’s playscape, refreshed interior courtyard landscaping with new barbeque grills and picnic tables, and the creation of ADA accessible units.

KCG was able to make the renovation financially feasible by funding awarded from 9% Federal LIHTC, and competitive Community Development Block Grant (CDBG) funds from the City of Houston after HUD awarded the city $400M to repair and rebuild multifamily inventory damaged by Hurricane Harvey. This funding will allow for the property to remain affordable for at least another 40 years.

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