Abbington Commons – Whitewright (September 28, 2015)

Whitewright will soon become the home of a new, subsidized, 48-unit apartment community.

At the end of July, Whitewright was awarded $5.69 million for the creation of Abbington Commons of Whitewright, a market-rate rent and below-market rent workforce apartment complex.

Abbington Commons will have one-bedroom to four-bedroom units. For those that qualify for low-income housing, rent will range from $256 to $400 per month. Market-rate income rent will range from $660 to $1,021 per month for the same units.

This will be the first time Whitewright has used housing tax credits to fund a development. “The development of Abbington Commons is very exciting for the city of Whitewright,” Whitewright Mayor Allen West said. “We do not have a lot of rental property in the city so it will be a great addition. It is in walking distance from the high school and other businesses. It may even bring in some tax base to the city.”

West also said that teachers, entry-level emergency responders and retired individuals on a pension are some of the eligible residents for the housing specifically for individuals in the workforce.

Rea Ventures, an Atlanta-based firm, will jointly own the apartment community with Stone Austin, a Texas developer. Both organizations specialize in multifamily and workforce housing.

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