Filling the Need for Affordable Senior Housing in Seguin, TX
January 15, 2025 – Indianapolis, IN – Cedar Bluff Apartments will be a new 203-unit affordable housing community for seniors in Seguin, Texas. The community will consist of 1- and 2-bedroom units with rents at 60% of the Area Median Income (AMI) and will feature three 3-story buildings with interior corridors and elevators, along with 7 one-story cottage-style buildings. The community will be fully gated with a secure entrance, and the amenities will include a community room with a kitchen, fitness center, library, business center with computers and printers, activity/craft space, and a dog park.
Cedar Bluff will be built in a high-growth area of central Texas- just 30 minutes to San Antonio and 60 minutes to Austin. Seguin is a regional hub for manufacturing, retail, and healthcare and is a desirable place to live. Providing local seniors with an affordable housing option in the community where they are established will facilitate stability and continued connections across generations.
“Affordable housing is part of the foundation of a community,” said Carly Gast, Kittle Property Group Development Director. “We are very proud to bring this new development to Seguin. Our senior residents deserve not only a place to call home but a community where they can feel secure, supported, and connected.”
Financing for this community includes tax credits issued by the Texas Department of Housing and Community Affairs (TDHCA); tax exempt bonds issued by Alamo Area Housing Finance Corporation (AAHFC); a construction loan and tax credit equity from Huntington Bank; and a perm loan from KeyBank. AAHFC is the General Partner and General Contractor, with KPG being the Special Limited Partner and Master Subcontractor
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.
