Blog
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.
This week, we are focusing our spotlight on the Boulevard 61 apartments, a property financed in part by TSAHC’s Affordable Communities of Texas program.
Boulevard 61 is an apartment community located in Houston, TX that was developed by DMA Development Company, LLC in partnership with TSAHC. Our involvement in the ownership is made possible through our Affordable Communities of Texas (ACT) program which will ensure the long-term success of the development and provide deep levels of affordability to house our most vulnerable Texans.
The property opened in October 2026 and features 100 affordable apartment units targeted to serve households of varying income levels. Thirty-eight units will be reserved for households earning up to 30% of the area median income (AMI), eight units will be for 50% AMI households, 40 units will be for 60% AMI households, four units will be for 80% AMI households, and ten units will be priced at market rate.
The total development budget for Boulevard 61 was $33 million. The financing for this property includes an FHA 221(d)(4) loan originated by Capital One, 9% housing tax credits, a TDHCA multifamily direct loan, and City of Houston HOME funds.
DMA Companies specializes in the development and management of multifamily properties, with a particular focus on affordable and special needs housing. Based in Austin, DMA Companies works in communities across the nation to create quality housing opportunities by leveraging a variety of private, state, and federal financing programs.
Through its expertise in real estate development, property management, and affordable housing financing, DMA Companies strives to deliver sustainable communities that successfully meet resident needs.
About the Affordable Communities of Texas Program
Established in 2008, the Affordable Communities of Texas (ACT) Program was created to help stabilize communities impacted by high rates of foreclosure and to preserve long-term housing affordability.
Through partnerships with more than 25 nonprofit organizations across Texas, TSAHC acquires and redevelops foreclosed homes, vacant land, and tax-foreclosed properties, transforming these properties into affordable housing opportunities. The ACT program does this by making homes available for purchase or rent to low-income families, strengthening neighborhoods and expanding access to quality, affordable housing throughout the state.
To learn more about the ACT program and the services that it offers to affordable housing developers, click here.
Subscribe to Our Newsletter
Sign up to have TSAHC news & updates delivered to your inbox.