Rendering of the upcoming affordable housing community in Fort Worth, emphasizing accessibility and community amenities.
Fort Worth, August 13, 2025
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.
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.
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.
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.
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.
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.
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.
The urban village aims to provide affordable, mixed-income housing and enhance the community environment in Fort Worth’s Historic Southside neighborhood.
The project intends to offer over 180 units, including one-, two-, and three-bedroom options.
Milwaukee-based Royal Capital, LLC has been contracted to lead the Evans and Rosedale Urban Village project.
The City Council has allocated $13.2 million in grants for the construction of this affordable housing initiative.
Construction is projected to commence in late spring or early summer of 2025.
| 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 |
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