Affordable housing project expected to bring almost 300 apartments to Denton
It will offer homes to families earning between $34,000 to $79,000 in Denton.
by Vince Sims · 5 NBCDFWAt Christian Community Action in Lewisville, CEO and President Gilbert Montez sees firsthand the need for housing assistance.
“Every month, we see almost 75 to 80 families who come, individuals who come representing families looking for rental assistance,” Montez said. “So, we know affordability is a huge issue in Denton County.”
So to hear affordable housing is coming to the county is good news.
“With the word affordable, we are excited about it,” Montez said.
In partnership with builder NRP Group and the Denton Housing Authority, 297 one to four-bedroom apartments are being built near Borman Elementary School.
It will offer homes to families earning between 30 and 70 percent of the area median income or AMI.
For reference, according to lender Freddie Mac, the AMI for this area is $113,500.30 to 70 percent of that would range from $34,000 to $79,000.
“It’s going to be affordable for our families,” Montez said. “It’s going to be affordable for some, but not for all of them.”
The U.S. Department of Housing and Urban Development uses these caps to help low-income families. Denton's director of community services, Jesse Kent, said it helps low-income families with their budgets.
“They say to ensure that households that are low income don't pay more than 30% of their income, their monthly income and rent, they will cap it at different levels for different income households and household sizes,” Kent said.
As for Montez he said this is a positive thing, but he knows even still some families will need their help.
“Many times though, families don’t have that first month's rent that is required, plus some kind of down payment,” Montez said. “CCA sometimes winds up helping with those kinds of things so a family can move in.”
The units are expected to open early in 2027.