Single family homes built
Multi Family Homes
OUR GOAL IS SIMPLE…
…to build the highest quality, affordable rental communities for working class Texans in the towns and cities where it is needed most. Tejas Housing Group is the developer, owner, and operator of 19 attractive and successful multi-family developments constructed throughout Texas since 2001. We believe that access to quality housing is a fundamental component in building wholesome neighborhoods, cohesive families, and confident individuals.
Our communities offer individuals, families, and seniors a safe, comfortable living environment at an affordable cost. This objective is achieved by utilizing the Federal Low Income Housing Tax Credit Program. Working in conjunction with the local governing bodies of each municipality, we strive to become a valued member of the community.
What sets us apart
For us to have a positive and productive impact on a community we must first become part of that community. To this end, Tejas continues to maintain ownership of every property it has developed since its inception and plans to remain part of the community throughout the life of the property. As a way of ensuring our properties perform exceptionally, Tejas adds an additional layer of asset management and enhanced community services to maximize our positive impact on the community, the neighborhood, and our residents. In short, we manage our managers and provide meaningful and impactful services to our residents that garner real results. Aside from making good business sense, a well built, professionally managed housing community is a catalyst for increased economic development, job growth, and financial opportunity which benefits the entire community.
Tax Credit Program
The most successful housing program in U.S. history is actually an incentive for private development of affordable rental housing. The tax credit program provides a one-time up front subsidy to help defray the costs of construction. Lower construction costs lead to smaller mortgages which then lead to smaller rental rates. Tax credit properties are constructed, owned, and operated by private companies not the government.
Finance & Management Partners
Accounting & Legal
Novogradac & Company LLP is a national certified public accounting and consulting firm headquartered in San Francisco, with offices in Atlanta, GA,; Washington, D.C.; Kansas City, KS; Austin, TX; and New Philadelphia, OH. The company maintains clients in a broad range of industries with a major emphasis in the real estate sector, providing publicly and privately held national and multinational enterprises with a full spectrum of audit, tax, valuation, trust and litigation support, computer consulting and general consulting services.
Novogradac & Company LLP works extensively in the affordable housing field, providing tax, account, auditing and valuation services to affordable housing projects. These services include compiling and examining financial forecasts used in offering memorandum, preparing tax credit applications, drafting partnership returns and Schedules K-1 for investors, and modeling software used to structure investment programs to maximize credit potential. In addition, the firm provides valuation services such as market studies, feasibility analysis and appraisal services for tax credit projects. During the past 12 years, the firm has consulted on more then 1,000 projects, and maintains client relationships with the leading affordable housing sponsors in the industry.
Upon completion of each development, we look for the best possible financing tools to fit each developments individual needs. We have used a variety of financing mechanisms such as Fannie Mae, HUD Pilot programs, USDA, and local community banks. Among our previous lending partners are Walker & Dunlop, Greystone Servicing Corp., Lancaster Pollard, First Financial Bank and First National Bank.
The General Contractors Role
The General Contractor is the entity that actually builds the communities after they have been approved for construction. A general contractor from our team may also be used to complete any repairs on the community or units after they have been leased.
The architect helps to create the design for the buildings, community center, individual units, and site plan for each community. Strict adherence to ADA and Fair Housing regulations are incorporated into every set of plans to ensure that our communities are accessible and comfortable for everyone.
The engineer surveys and documents the site to prepare for construction as well as provide information about the site to submit to TDHCA. The engineer also works very closely with the city to ensure that all codes and building requirements are met.
THE ROLE OF RESIDENT SERVICES
Social services are provided to each resident, free of charge, at every community we own. These services are administered by an on-site staff dedicated specifically to providing theses services to our residents. Each development offers a unique mix of services, based on demographics and need, designed to improve the quality of life of our residents and provide them with every advantage moving forward. Some of the services we are currently offering at our communities are after school programs for children, health and nutritional classes, financial planning workshops, home ownership seminars, credit counseling, and wellness checks.