Concord at Allendale

Concord at Allendale is a newly constructed 264-unit multifamily complex owned by our CDC and it is being developed using tax-exempt bonds for permanent financing, with the additional benefit of an approved CHODO exemption from property taxes. It is a joint venture between the AAMA-CDC and Trammel Crow Residential, one of the largest developers in the nation. These are beautiful 1 & 2 bedroom apartments with beautiful unit features and amenities. The AAMA-CDC is the sole owner through a wholly-owned subsidiary and rents are within reach of families within the 60% income limit. Interim financing is through Bank of Texas, with permanent financing to be determined.