HTG Starts Work on 1st Houston Affordable Community, 101-unit The Rushmore within the Energy Corridor

2/20/2025

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Connect CRE

• Subcategory: Capital Markets: Equity, MF: Affordable

• Tag: New Construction

• Additional Filters-Subcategory: Capital Markets: Equity-Low Income Housing Tax Credits (LIHTC), MF: Garden

• Additional Filters-Tags: Sale: Ground Lease (Leasehold-Leased Fee)

• Company: Housing Trust Group (HTG)

Housing Trust Group (HTG) closed on financing and commenced construction on The Rushmore, a $33.8 million affordable housing community located in the Energy Corridor of Houston, Texas. The family-oriented development comprised of 101 units is HTG’s first community in Houston and third overall in Texas.

The Rushmore’s apartments will be mixed-income. 85 units will be reserved for income-qualifying residents earning between 30% and 60% of the area median income (AMI), and 16 units will be priced at market rate.