HomeMy WebLinkAbout(2) O.W. COLLINS APARTMENTSO.W. Collins Apartments, L.P.
January 5, 2004
Honorable Oscar Ortiz
Mayor
City of Port Arthur
444 4th Street
Port Arthur, Texas 77640
RE: O.W. COLLINS APARTMENTS
PORT ARTHUR, TEXAS
Dear Mayor Ortiz,
We are pleased to advise you that we have contracted to ground lease 3.661 acres from the
Housing Authority of the City of Port Arthur for the purpose of reh~abilitating an existing 200-
unit Elderly Rental Development under the Federal Low Income Housing Tax Credit (LIHTC)
Program, administered by the Texas Department of Housing and Community Affairs (TDHCA).
As part of our application process with TDHCA, we respectfully submit this pre-application
notification, which includes the attached Public Notice (Exhibit A).
We are excited about the opportunity to provide quality elderly affordable housing to this
community in Port Arthur. Should you have any questions regarding this submission, please do
not hesitate to contact our office.
Sincerely,
O.W. Collins Apartments, L.P.
Project Owner
Ike Akbari
O.W. Collins GP, LLC, General Partner
Attachment: Exhibit A
2901 Turtle Creek Drive Suite 201, Port Arthur, Texas, 77642, Ph: 409.724.0020, FA: 409.721-6603
Exhibit A
O.W. Collins Apartmems, Ltd is making an application for Housing Tax Credits with the
Texas Department of Housing and Community Affairs for the O.W. Collins Apartments
located at a.~.40 Gulfway Drive, Port Arthur, Texas, in Jefferson County. This proposed
rehabilitation of an existing elderly apartment community comprised of 200 units would
target tenants with incomes at 60% of the area median income. The income levels served
are as follows:
Family 60%
Size
1 19,680
2 22,440
3 25,260
4 28,080
The total restricted income percentage of the Development is 100%.
The number of units and proposed rents (less utility allowances) for the subject
property's tax credit units are:
95 Efficiency Units for $433
100 1 Bedroom Units for $484
5 2 Bedroom Units for $578
If awarded credits, this development would be ready for occupancy by approximately
December 2005. For more information on this notice, please contact O.W. Collins
Apartments, Ltd., Attention: Ike Akbari, 2901 Turtle Creek Drive, Suite 201 Port Arthur,
Texas 77642 or call (409) 724-0020. For information, see www.tdhca.state.tx.us.