Fort Worth Housing Finance Corporation (FWHFC) was created in 1979 to help finance the residential ownership and development of single-family and multi-family dwellings for persons of low and moderate income.
FWHFC has served as a housing development arm of the City of Fort Worth – and through land acquisition – development, construction and financing, the corporation has helped create housing that is safe, sanitary, accessible and affordable to the residents of Fort Worth.
Mission & Goals
The Housing development program aims to improve, expand, or create new housing opportunities for residents including:
- Increasing Affordable Housing Development: Facilitating the construction or renovation of affordable housing units for low- to moderate-income families.
- Assisting with Financial Assistance: Providing grants, loans, or other financial incentives to developers, builders, or homeowners to support the creation or maintenance of housing.
- Land Use Planning: Implementing zoning changes or land use planning to encourage residential development, often in areas that are underdeveloped or in need of revitalization.
- Homelessness Prevention: Developing programs or supporting organizations that provide housing and services to prevent homelessness or assist those experiencing homelessness.
- Housing Rehabilitation: Offering programs that help homeowners or landlords improve existing properties to meet safety and quality standards.
- Community Development: Collaborating with other local agencies or nonprofits to integrate housing development with broader community development goals, such as improving infrastructure, schools, or public services.
- Regulatory Oversight: Ensuring that housing developments comply with local, state, and federal regulations, including environmental and accessibility standards.
- Public-Private Partnerships: Working with private developers and investors to create mixed-income or mixed-use developments that include residential units along with commercial or community spaces.
These FWHFC programs play a crucial role in addressing housing shortages, improving living conditions, and promoting equitable access to housing in the city of Fort Worth.
-
House Finance Corporation Projects
|
2900 Broadmoor
324 units with access to a gym, swimming pool, business center, and 10 acres of green space with picnic tables. Units range from 1-4 bedrooms.
Developer: The NRP Group
Property management: 817-769-4677
|
NRP Terrell Homes
54 scattered single family rental homes with option to purchase after 15 years. Financing involved City Home Investment Partnership Program funds. FWHFC partnership with the NRP Group.
Developer: The NRP Group
Property management: 817-332-7900
|
|
Reserve at Quebec
296 units with a resort-style pool, playground, outdoor walking/jogging trails, a clubhouse, and a business center. Ninety-five percent of the units are affordable to households earning at or below 80 percent of Area Median Income (AMI).
Developer: Miller-Valentine Group
Property management: 817-301-9488
|
Mercantile Square
324 units near several business parks and access to major highways. Units range from 1-4 bedrooms, perfect for large families.
Developer: The NRP Group
Property management: 844-666-5615
|
|
|
|
Columbia Renaissance Square Phase I
Offers 119 affordable units, access to Uplift Mighty Preparatory, and McDonald Southeast YMCA. Partnered nine percent low income housing tax credits from the Texas Department of Housing and Community Development, City Home funds, and FWHFC funds.
Developer: Columbia Residential
Property management: 682-250-3376
|
|
Enclave at Westport
339 mixed-income, including workforce, units on 22 acres with a playground, a resort-style pool, and a multi-purpose field for outdoor activities.
Developer: Integrated Real Estate Group Property management: 855-434-4749
|
|
Fort Worth HFC Terrell Homes
Eight homes in this development were built using City Home funds and FWHFC funds. Homes are available to low-to-moderate income families earning less than 80 percent of Area Median Income (AMI).
Developer: FWHFC Listing agent: Mel Harris, 817-903-3456
|
|
Lee Avenue Homes
Five homes to be constructed using FWHFC funds. Homes will be available to low-to-moderate income families earning less than 120 percent of Area Median Income (AMI).
Developer: FWHFC Listing agent: Mel Harris, 817-903-3456
|
|
The Landings at Marine Creek
302 affordable units available to households earning 80 percent of Area Median Income (AMI) or less, with a playground, pool, and business center. City Home funds provided for ten units, available to households earning 60 percent or less of AMI.
Developer: The NRP Group Property management: 855-982-1066
|