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Port Isabel Housing Authority Seeks Developer for Senior Housing

Feature Photo: Entrance to the Artisan at Port Isabel Apartments, a Port Isabel Housing Authority community that was developed by the PIHA and Franklin Companies. Image: Google Streets.

Posted: 7-2-2020

by Adolfo Pesquera

Port Isabel (Cameron County) — The Port Isabel Housing Authority has launched a search for a real estate developer for the purpose of constructing a 20-unit senior housing complex that is to include a community building, and possibly facilities suitable for medical services.

A public notice went out in the form of a Request for Proposals. It was issued by the Port Isabel Public Fund (PIPF), a public facility corporation of the housing authority.

The PIPF intends to construct the development using a U.S. Housing and Urban Development approved mixed-finance approach. Funding sources would be a combination of public housing funds, operating subsidies and/or Section 8 Housing CHOICE Vouchers, Rental Assistance Demonstration (RAD), conventional and innovative loans, developer’s equity, or other means as available.

The PIPF will be co-developer. Responses are due by 4 p.m. of July 17 to the housing authority administrative office at 106 Port Road, to the attention of Judy H. Sanchez, Executive Director PIPF. Fax or email responses will not be accepted.

The PIPF offices are located within the Artisan at Port Isabel Apartments, a 20-unit multi fourplex community built in 2015 by the San Antonio-based Franklin Companies.

The public notice did not mention a project site, size acreage, or even if the housing authority owns land for development. There was also no budget estimate.

This development is being tracked on the VBX site at Project ID 2020-4EFC.


adolfo@virtualbx.com

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About the Author:

Adolfo Pesquera (Reporter/Editor) is a veteran news journalist. He has worked for Hearst Corp., American Lawyer Media, News Corp and Freedom Communications. His work has been published in newspapers and magazines across the USA. He is a journalism graduate of UT-RGV. He writes, edits and creates digital pages for VBX.

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