March 20, 2026 | by Anna Orendain
Categories: Affordable Housing, Spotlight
TSAHC periodically spotlights affordable housing developments across the state to help readers understand what they look like, how they are financed, and who lives there.
Earlier this month, we announced the 2025 Texas Housing Impact Fund Investment Report. This week, we are focusing our spotlight on a property financed in part by TSAHC'S Texas Housing Impact Fund, the Delara Chase apartments.
Located in southwest Fort Worth, Delara Chase is a 116-unit mixed-income multifamily rental community developed by Delara Chase, LLC (a partnership between AZ Morse Development, LLC and Across, LLC).
Delara Chase will consist of 13 single-story rehabilitated buildings with a mix of one-, two-, and three-bedroom units.
53 units will be set aside for households earning 60% or less than AMI, 45 units will be set aside for households earning 50% or less than AMI, 12 units will be set aside for households earning less than 30% AMI, and 6 units will be priced at market rate.
Five units will be set aside for individuals with disabilities who qualify for Long-Term Services and Supports (LTSS) through Medicare/Medicaid. These five units were funded by TSAHC, which provided $375,000 in deferred forgivable permanent financing loans through the Affordable Housing Partnership.
Delara Chase is located in southwest Fort Worth, less than 15 miles from downtown in the Candleridge neighborhood, with access to several bus stops. The site is near pharmacies, groceries, health clinics and and two community centers. These amenities, plus access to public transportation, make this an ideal location for LTSS clients that may not have access to a vehicle.
Launched in 2003, the Texas Housing Impact Fund offers short and long-term financing for the development, acquisition, or rehabilitation of affordable rental or homeownership developments across Texas that create opportunity, healthier environments and a higher quality of life for low- and moderate-income families.
TSAHC is currently focusing our lending on construction-phase financing for both multifamily rental and single-family homeownership. For more information about these product lines, click here.
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