A $71 million affordable housing complex is coming to the northeast corner of North Main Street and 29th Street near the Fort Worth Stockyards. The 296-unit complex, called The Exchange Apartments, will offer studio, one-, two- and three-bedroom options to provide needed housing on the city’s Northside.

Project Details

Officials with Fort Worth Housing Solutions and Oldham Goodwin Development plan to build the complex as part of a 14.6-acre Stockyards North mixed-use project. The project is part of the city’s Opportunity Zones program that provides federal tax benefits to encourage private investment in low-income areas.

Casey Oldham, CEO of the Texas-based development company, said the complex is the start of a long-term plan to create a walkable, mixed-use district for the growing neighborhood that will be bolstered by new developments in the Stockyards. Mary-Margaret Lemons, president and CEO of Fort Worth Housing Solutions, said the number of residents who live in Northside is expected to grow by 6% by 2030.

The complex is the first Fort Worth Housing Solutions project in the Stockyards. Once complete, it will offer residents amenities such as a pool, fitness center, clubhouse, dog park, grilling areas, outdoor spaces and future trail connectivity, officials said.

Community Impact

The Stockyards North development will include a planned Home2 Suites hotel by Hilton, retail stores, restaurants and other commercial spots. The housing community will be a cornerstone of the future mixed-use neighborhood, which is planned to include hospitality, retail, restaurants, and commercial development.

Original reporting: Fort Worth Report — read the source article.