Fort Worth, August 13, 2025
News Summary
The Fort Worth City Council has approved a resolution that allows Royal Capital, LLC to apply for housing tax credits aimed at enhancing affordable housing developments in Historic Southside and Renaissance Heights. This unanimous decision paves the way for over 180 mixed-income housing units, potentially revolutionizing local housing options amidst an ongoing crisis. The project promises to foster a vibrant community with essential retail spaces and necessary amenities, targeting families earning below the area’s median income. The city allocated significant funding to support these developments and is strategizing to tackle the pressing affordable housing challenges faced by residents.
Fort Worth City Council Backs Affordable Housing Initiatives
The Fort Worth City Council has taken a significant step towards enhancing affordable housing by approving a resolution that allows for the application of housing credits for a new development in the Historic Southside and Renaissance Heights neighborhoods. This initiative will pave the way for the Evans and Rosedale Urban Village, which is set to provide more than 180 mixed-income housing units, catering to families and individuals earning less than 80% of the area’s median income.
Support for Royal Capital’s Development Plan
Royal Capital, LLC, based in Milwaukee, has been chosen to spearhead the urban village project after the city ended its previous partnership with Dallas-based Hoque Global in August. The Fort Worth City Council unanimously approved the Resolution of No Objection, enabling Royal Capital to apply for 2025 Non-Competitive (4%) Housing Tax Credits from the Texas Department of Housing and Community Affairs. By securing these tax credits, investors can lower their federal income tax obligations, making the project more financially feasible.
Project Details and Community Impact
The plans for the Evans and Rosedale Urban Village were revealed last December, showcasing a site that will occupy six acres and feature one-, two-, and three-bedroom units. In addition to residential options, the development aims to create a walkable community with green spaces and approximately 15,700 square feet dedicated to retail and office establishments. Among the highlighted features is a 3,000 square-foot urban grocer or market that will provide fresh food to residents.
To support accessibility, the design includes 247 parking spaces, comprising both garages and surface lots. The project is not only crucial for housing; it aims to improve the overall community environment in an area that has been identified in studies as facing significant socioeconomic challenges.
Addressing Serious Housing Issues
The Historic Southside is recognized as one of Fort Worth’s oldest African American neighborhoods, bordered by Interstate 35W and Riverside Drive. A recent study indicated that residents in the 76104 ZIP code have the lowest life expectancy in Texas at only 66.7 years, underscoring the urgent need for revitalization through initiatives like this housing development.
The urban village is intended to serve as a catalyst for further improvement, coinciding with the planned National Juneteenth Museum, which is expected to open in 2027. The city has also approved the rezoning of 15 acres along West Drew Street and McCart Avenue to create a community land trust and redevelop the area, ensuring long-term affordable housing solutions and neighborhood stability.
Future Construction and Funding
Fort Worth’s investment in affordable housing continues as the City Council approved a commitment of $13.2 million in grants for the construction of the urban village. It includes approximately $4.2 million sourced from the American Rescue Plan Act, with a deadline to utilize these funds by the end of 2024. Alongside this project, the city is also working with the Housing Channel to create 200 homes in the land trust model that will support affordable homeownership, particularly for Black and Hispanic families.
The construction for this land trust development is slated to commence in late spring or early summer 2025, with the first homes expected to be available by September 2025. In addition, the city has allocated $8 million for further affordable housing initiatives in the Renaissance Heights area, indicating its unwavering commitment to addressing the housing crisis in Fort Worth.
Conclusion
As Fort Worth continues to grapple with housing affordability, these new developments demonstrate a proactive approach to creating sustainable, mixed-income housing solutions. With a robust framework for community revitalization in place, residents can look forward to improved living conditions and increased economic opportunities in the future.
FAQ
What is the purpose of the Evans and Rosedale Urban Village?
The urban village aims to provide affordable, mixed-income housing and enhance the community environment in Fort Worth’s Historic Southside neighborhood.
How many housing units will the development provide?
The project intends to offer over 180 units, including one-, two-, and three-bedroom options.
Who is leading the development project?
Milwaukee-based Royal Capital, LLC has been contracted to lead the Evans and Rosedale Urban Village project.
What financial support has the city approved?
The City Council has allocated $13.2 million in grants for the construction of this affordable housing initiative.
When is the construction expected to start?
Construction is projected to commence in late spring or early summer of 2025.
Key Features of the Development
| Feature | Details |
|---|---|
| Location | Historic Southside Neighborhood, Fort Worth |
| Units | Over 180 mixed-income housing units |
| Target Income | Individuals or families earning at or below 80% of the area’s median income |
| Community Space | 15,700 square feet designated for retail or office space |
| Urban Grocer/Market | Minimum of 3,000 square feet |
| Parks and Green Spaces | To be included in the urban design |
| Construction Grant | $13.2 million from city allocation |
| Start of Construction | Late spring or early summer 2025 |
Deeper Dive: News & Info About This Topic
Additional Resources
- Star-Telegram: Fort Worth City Council Approves Affordable Housing Initiatives
- Wikipedia: Affordable Housing
- CBS News: Luxury Apartment Building in Fort Worth Aims to Reimagine Affordable Housing
- Google Search: Fort Worth affordable housing initiatives
- NBC DFW: Fort Worth’s Renaissance Heights Neighborhood Affordable Housing
- Google Scholar: Fort Worth affordable housing
- Star-Telegram: Additional Development in Fort Worth
- Encyclopedia Britannica: Affordable Housing
Author: Construction TX News
TEXAS STAFF WRITER The TEXAS STAFF WRITER represents the experienced team at constructiontxnews.com, your go-to source for actionable local news and information in Texas and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Texas Construction Expo, major infrastructure unveilings, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of Texas and the Texas Building Branch, plus leading businesses in construction and real estate that power the local economy such as Austin Commercial and CMiC Global. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
