Matthew Rieger Of Housing Trust Group Secures $33.8 Million Loan For Affordable Housing In Houston

The Rushmore is a 101-unit affordable housing project located at 800 South Highway 6 in Houston's Energy Corridor. This development site has secured a loan amount of $33,800,000 for the construction of mixed-income units with rents ranging from $532 to $1,875.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $33,800,000
• Lender: Citi Community Capital & Raymond James
• Landlord: Matthew Rieger - Housing Trust Group (HTG)
• Market: Houston

Housing Trust Group (HTG) has initiated the project, with financing sourced from Citi Community Capital and Low-Income Housing Tax Credit (LIHTC) credits provided by Raymond James. This financing supports the development of affordable housing in a key location within the city.