WNC, Pedcor building $80M, 264-unit, Willow Creek Manor, Houston-area affordable housing community in Kohrville neighborhood

4/30/2025

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Connect CRE

• Subcategory: Capital Markets: Debt, Capital Markets: Equity, MF: Affordable

• Tag: JV-Partnership | New Construction

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

• Company: WNC & Associates, Pedcor Companies

The team of WNC & Associates and Pedcor Companies has started work on a 264-unit affordable housing community in the Houston suburb of Kohrville. Willow Creek Manor is expected to cost $79.8 million. Commercial Edge reports Willow Creek Manor’s construction was funded through four percent Low Income Housing Tax Credits, tax-exempt bonds, and an FHA 221(d)4 loan from the Department of Housing and Urban Development.