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College Station: City Approves $2.8 Million Loan for Senior Apartment Rehabilitation Project

Feature Photo: A view of the LULAC Oak Hill Apartments, which are scheduled to undergo renovations starting this November. Image: Google. 

Posted: 4-29-2021

by Art Benavidez

College Station (Brazos County) — City Council recently approved a $2.8 million housing loan for a senior apartment rehabilitation project.

The city approved $2,808,018 in funding from the U. S. Department of Housing and Urban Development (HUD) for the LULAC Oak Hill Apartments Rehabilitation Project.

The 50-unit complex occupies a 5.41-acre site that is owned by College Station-based LULAC Oakhill Inc. Bill Elsbree is their managing agent.

Aerial view of the site.

The scope of work includes complete interior and exterior renovations that will increase safety for the tenants and include energy efficient upgrades.

Renovations will also include the club building, parking and fencing. The estimated cost of the renovations is approximately $2,200,000.

The building rehabilitation portion of the project is expected to cost approximately $1,941,243.

The apartment complex will retain full occupancy while the rehabilitation takes place and tenants will be relocated as each unit is renovated.

Tenants of LULAC Oak Hill apartments must have a household income of 50% or less of the area median income and must be 62-years-old or older or have a disability.

HUD approval for the project is expected by the end of June, with renovations beginning in November and completed by August of 2022. 

The city of College Station will act as the lender and provide oversight to ensure compliance with Section 108 and CDBG requirements.

VBX Project ID: 2021-2F98


art@virtualbx.com

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About the Author:

Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.

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