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New Affordable Housing Stock Coming to Kansas City, MO

January 17, 2024 – Kansas City, MO – Kittle Property Group, Inc. is bringing a brand-new affordable housing opportunity for 252 families or individuals in the Kansas City metro-area. The Depot Apartments will provide a housing option that fits the budget of a growing work force. Addressing the affordable housing gap is crucial in a city that lacks 64,000 affordable rental homes, according to the Mid-America Regional Council. The Depot will consist of 1-, 2-, 3- and 4-bedroom apartments, serving households of all sizes.

 

The Depot is a $60.7 million apartment community to be built on Kansas City’s South side. Located near Millennium Santa Fe Elementary and Hickman Mills Middle School, and a library branch, residents will enjoy this desirable and convenient location. This is a 31- acre site located within the East Bannister PIEA Planning Area, adjacent to the Three Trails System and a transportation hub.  The Depot brings value to the larger community by finally connect the walking trails that has long been missing a piece, with improvements to the city’s sidewalk system.

“Affordable housing stock is the key to maintaining stable, sustainable communities,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “We are thrilled to expand the options in Kansas City.”

 

This community will have seven-buildings with several floor plan options ranging in size from 840 to 1,546 sq.ft. Each apartment home will include washer, dryer, master bedroom walk-in closets, attached balconies, full range kitchen appliances. Community amenities include a clubhouse, pool with entertainment area, playground, bark park, rentable garages and storage, and a bike storage room. Northwind is a pet-friendly community.

 

To develop The Depot, Kittle Property Group was awarded $24.4 million in federal tax credits, to be received over ten (10) year period, from the Missouri Housing Department Commission (MHDC). Include Tax Exempt Bond language? KeyBank also provided funding in the form of a $34.6 million loan. The community will provide an affordable housing option, and rent will be determined based on the Area Median Income (AMI) and the number of people in the household. The Depot will be ready to pre-lease this spring.

 

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About Kittle Property Group

With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 16 states, and invested capital of more than $3 billion.

 

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Apartment Community to Bring Budget-Friendly Housing to Austin Residents

December 28, 2023 – AUSTIN, TX – Kittle Property Group, Inc. is bringing affordable housing opportunities to 240 families or individuals in the Austin metro-area. With the state’s most expensive housing market, the residents of Austin will benefit from a housing option that fits the budget of a growing work force that is in need of additional housing stock.

Northwind is a $70 million apartment community to be built on Austin’s Northeast side. Located next to Pioneer Crossing Elementary School and Pioneer Crossing Neighborhood Park, residents will enjoy this desirable and convenient location. Northwind Apartments will consist of 1-, 2-, 3- and 4-bedroom apartments, serving households of all sizes. “We are thrilled to bring brand new, desirable apartment homes to the Austin area,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “We know the area is growing and that additional housing choices are needed to serve those living and working in the area.”

This community will have twelve residential buildings with several floor plan options ranging in size from 860 to 1,493 sq.ft. Each feature-rich apartment will include high-end finishes such as luxury vinyl plank and carpet, kitchen pantry and island, and energy star appliances Community amenities include a clubhouse with a fitness center, game room, craft room and leasing offices. Outside, residents will also enjoy a pool with a covered outdoor entertainment area, playground and bark park. Northwind is a pet-friendly community. In addition, full perimeter fencing and a gated entrance will keep this community secure for residents.

To develop Northwind, Kittle Property Group was awarded $3.5 million in federal tax credits from the Texas Department of Housing and Community Affairs (TDHCA). Truist also provided funding in the form of a $40.5 million loan. The community will provide an affordable housing option, and rent will be determined based on the Area Median Income (AMI) and the number of people in the household.

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About Kittle Property Group
With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 18 states, and invested capital of more than $2.5 billion.

 

 

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2021 National Rankings

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Our growth continues! Our team’s hard work is reflected in our rankings for the 2021 business year. The resilience our team has shown throughout the pandemic has been amazing and we are so proud to be able to offer affordable housing options to more and more people every year!
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The Promenade is Ready for Residents!

Promenade 8

We are extremely excited to announce that we have received our building certificate of occupancy for Building #1 at the Promenade Apartments in Beaumont, Texas!  This community is our 4th in Beaumont, joining Cypress Place, The Cottages at Old Dowlen and Laurel Vista, but this is our first to enter the workforce market rate housing market in this city outside of Houston. The 2nd and final building will be delivered to Property Management in March.  When completed, the community will have a total of 212 apartment homes.

Residents will enjoy the community’s fully functional clubhouse/ leasing office, pool restroom and maintenance building and resident package delivery center.  In their apartment homes, they will find stainless steel appliances, as well as the last minute additions of ceramic backsplashes and granite counter tops that are going in now in the kitchens. Other special features include 2 elevators in each building so residents can get to their apartment homes quickly, and the lake will have a dancing water fountain that changes colors.

Learn more about Promenade, Beaumont’s newest place to call home!

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Grand Opening in Winnie, Texas!

We celebrated the Grand Opening of Magnolia Station Apartments in Winnie, Texas recently! This beautiful community was developed in partnership with the Texas General Land Office (GLO) in response to the loss of housing stock after Hurricane Harvey devastated the region. Guests were able to tour the community and walk-through an apartment home. We had perfect weather to explore outdoor amenities like the bark park with an agility course!

Magnolia Station Apartments is an affordable new construction development consisting of 5 residential buildings and a clubhouse to be located in Winnie, TX. The project was awarded a $6.25 million Community Development Block Grant to aid in rebuilding much-needed housing in the aftermath of Hurricane Harvey which impacted the area in 2017. In addition, Merchants Bank of Indiana is providing a $3.5 million revolving loan facility to finance construction draws.

The property’s 44 units will serve households at a range of area median incomes (AMIs) – 5 units will be affordable to households at 30% AMI; 27 units will serve High HOME-eligible households (approximately 60% AMI); and 12 units will be market-rate units with no income restrictions. The community will have a leasing office/clubhouse with a business center, equipped fitness center, community room, and playground.

We are excited for our residents to make a fresh start with us at Magnolia Station!

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Maintenance Work Boot Initiative

Every role at Kittle Property Group serves a purpose and is important in helping us make progress towards our goals. However, our maintenance team has always had a special role as the face residents see all over the property, including in their own apartment home. Maintenance team members are the key to making a building feel like home to our 30,000+ residents.

And while this has never been an easy job, it has certainly become considerably more challenging due to the pandemic. Our maintenance team members continue to provide essential services- going into homes (now often with residents home), out to buy supplies and sometimes filling in when coworkers are quarantined. Their dedication to our residents and the company is incredible and absolutely critical to maintaining our resilience throughout the pandemic.

In recognition, we have started the BOOTS! Initiative for maintenance team members! We have partnered with SR Max as the Kittle Property Group approved slip resistant footwear provider. SR Max offers great slip resistant footwear solutions from their own SR Max brand line-up, to top brands like Timberland, Keen and many more. Many shoes feature their MaxTrax™ slip-resistant outsole – an industry leader in slip resistant technology.

Every September, maintenance team members receive $200 allowance to order boots from the SR Max website. New-Hires will receive the $200 allowance during onboarding. The $200 can be used however needed, including on more than one pair if desired. This allows team members living in northern climates to purchase a pair for summer and a pair for winter!

We are so excited to have provided 218 pairs of boots in this first year of the BOOTS! Initiative! Our maintenance team members were excited to receive and show off their new boots, and we heard from others around the company that they were thrilled to see these team members recognized and rewarded for their commitment. And that’s what we call win-win!

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Florida Portfolio Expansion!

Swiftwater 3

We are expanding our portfolio in the beautiful state of Florida! Our newest community, Swiftwater, will be located in Port Charlotte. It will consist of 288 one, two, and three bedroom apartment homes encompassing 12 buildings and one club house serving the workforce housing market.  The apartments will offer upgraded finishes such as pantries, screen porches. USB outlets and garden tubs for residents to enjoy. The clubhouse includes a fitness center, community room, and a business center with Wi-Fi, in addition to the leasing office. Outdoor amenities will include an entertainment area, dog park, bike racks, grilling area, hammock garden, fire pit, and corn hole turf. A large pool with a Baja shelf and a covered lounge area will also be offered.

Swiftwater will be part of the Westport community which has a newly built aquatic center, Centennial Park, and numerous interconnected walking paths. We are in an ideal location, between two thoroughfares, HWY 41 and Veterans BLVD, and near the Port Charlotte Town Center. Additionally, Port Charlotte has a strong need for new apartment homes and we are thrilled to bring our product to the market.

The financing portion includes a construction/perm loan from Aegon and preferred equity from Parse Capital. It’s exciting to see our workforce housing/market rate portfolio grow!

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New Headquarters

Kittle Property Group, an industry leader in the development, construction, and management of affordable multi-family apartment homes, recently purchased Two Parkwood, now known as the Kittle Building, on Indianapolis’ north side. The acquisition was rooted in an exciting mission of rebranding, forward movement, and a strengthening of the company ethos of Culture, Community, and Commitment. Carefully placed and varied types of spaces were provided to support a hybrid work model and ever-evolving needs for employees and visitors. The design skillfully addressed existing conditions and sustainability efforts, while presenting a clean, new aesthetic for the well-respected company. Layered architectural details and finishes demonstrate not only the company’s willingness to invest in physical space for their team, but also the dedicated, creative approach offered to their valued clients.

   

  

 

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2020 Rankings

We are thrilled to have made AHF’s Top 10 Affordable Housing Developers of 2020! It’s takes our whole team working together to make this happen!

Our 2020 Rankings:

 

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Kittle Property Group Highlighted in Multifamily Executive!

Don’t miss this great profile of the company from Affordable Housing Finance! Our name may have changed, but the way we do business has not! Innovation, resilience and focus are who we are!

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