The City of Houston celebrated the grand opening of Caroline Lofts, as it continues to expand its affordable home inventory
August 5, 2024 -- Houston, Texas -- A new apartment community at 2515 Caroline Street, Houston 77004, celebrated its grand opening Friday. The community brings 119 high-quality rental homes for families to Houston’s Midtown, minutes from shopping, amenities, and accessible transportation.
Located minutes from Houston’s downtown, Caroline Lofts provides one—and two-bedroom units to families with incomes between 30% and 80% of the Area Median Income. The mixed-income community includes 24 market-rate units.
The City of Houston, in its commitment to affordable housing, proudly contributed over $14.8 million of Community Development Block GrantDisaster Recovery (CDBG-DR17) funds toward the $38.3 million cost of construction for Caroline Lofts.
“We are pleased to welcome Caroline Lofts to Midtown,” said Mayor John Whitmire. “This complex is a GREAT example of our collaboration with the Texas General Land Office (GLO) and the utilization of Hurricane Harvey disaster recovery funds. This development reinforces our collective commitment to establishing Houston as the most affordable housing city in the nation.”
This innovative Green Building and energy-efficient community features one—and two-bedroom units with modern amenities such as nine-foot ceilings, Energy Star appliance package, washers and dryers, and balconies.
Caroline Lofts embodies the City's commitment to transit-oriented living. Strategically located just three blocks from the McGowen Metro Light Rail Red Line, this apartment community offers residents convenient accessibility to all Houston has to offer, allowing them to explore the city without needing a car.
Deputy Director Derek Sellers of the City of Houston Housing and Community Development Department expressed his satisfaction with enhancing Houston’s access to affordable homes. “Our success is a result of hard work and collaboration between private and public partnerships. We are thankful to the U.S. Housing and Urban Development and the GLO for helping us expand housing opportunities for Houstonians and look forward to celebrating similar developments in the near future.”
“We are proud to be a part of the City of Houston, Texas General Land Office, and HUD efforts to build and restore affordable and quality housing following Hurricane Harvey and to help improve the quality of life for residents in Midtown,” said President David Koogler, Mark-Dana Corporation.
Caroline Lofts is a testament to the successful partnership between the City of Houston and Mark-Dana Corporation. As an established for-profit developer/consultant of affordable multifamily properties, Mark-Dana Corporation has a proven track record of securing federal, state, and local funding for numerous projects throughout Texas. Their portfolio includes Houston properties such as EaDo Lofts, Fulton Lofts, Scott Street Lofts, Harrisburg Lofts, and Kings Landing.
The City of Houston Housing and Community Development (HCD) department makes long-term investments to improve the lives of Houston residents by creating opportunities for every Houstonian to have a home they can afford in a community where they can thrive. Our department will invest approximately $450 million in federal, state, and local funds this fiscal year to construct and maintain affordable homes, reduce barriers to homeownership, support the work of social service providers, build public amenities, and facilitate disaster recovery efforts. Learn more about programs and resources for Houstonians at http://houstontx.gov/housing.
