OKLAHOMA CITY (May 30, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces its second phase of Hillcrest Green Apartments, an affordable housing development in Oklahoma City.
Built in 1973, the original Hillcrest Green Apartments located at 3317 SW 74th Street near the heart of downtown Oklahoma City has been completely remodeled. Now phase two will consist of 43 units in a newly constructed building located at 3339 SW 74th Street. All units are reserved for individuals with income less than or equal to the area’s median income (AMI).
The $10.9 million deal marks the second phase of TWG's 9% tax credit award in Oklahoma and third overall project in the state. Featuring on-site computer workstations, club house, outdoor grilling area, electric vehicle charging stations and indoor fitness center and community room. Once complete, the complex will remain an affordable housing property for Oklahoma City residents.
“TWG is thrilled about this project and excited to see how our work can further revitalize Oklahoma City by providing high-quality affordable housing options for surrounding low-income families,” said Jackson Taylor, Development Director. “Continuing to deliver affordable housing remains our mission at TWG, and we remain committed to ensuring this property remains affordable for those who need it.”
The low-income housing tax credit (LIHTC) deal was due in large part to the key partners, such as the Oklahoma Housing Finance Agency (OFHA), Huntington Bank, Cedar Rapids Bank and Trust, and Oklahoma City.
To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.
About TWG TWG is a real estate development company specializing in commercial, market rate, affordable and senior housing developments. TWG was formed in 2007 to develop, own and manage housing communities throughout the Midwest. Through its related entities, TWG Development, TWG Construction, and TWG Management, TWG can envision a development from concept to lease-up to stabilization. TWG has transacted over $2.1 billion in development costs and over 11,500 units developed across the country.