April Housing Extends Affordability for 30 Years at Houston-Area Property for 250 Families
Investing more than $24 million in community-wide renovations, upgraded units for residents.
HOUSTON, TX – April Housing, Blackstone Real Estate’s affordable housing portfolio company, today announced that it has closed a resyndication of a Houston-area affordable housing family property, which will extend affordability for an additional 30 years on 250 homes.
Through the resyndication process, a community-wide renovation plan totaling over $24 million will upgrade residents’ homes and improve community amenities. Some of the planned improvements include:
Unit and Building Upgrades
- Renovated kitchens with redesigned layouts and new quartz countertops
- Installation of energy efficient appliances and fixtures
- New interior flooring
- Modification of 10 townhome units to single-story flats to meet accessibility needs
- Smart meter installation
Amenity Improvements
- Renovations and upgrades to the resident clubhouse and fitness center
- New playground with shade structures to enhance safety and usability for families
- Pool renovation and ADA-accessible pool lift
Common Area and Community Enhancements
- Sustainability-focused improvements throughout the property to support long-term efficiency and resilience
- Security and visibility upgrades
- Accessibility upgrades to walkways and amenity areas
“We’re thrilled to close this preservation in Texas to keep housing affordable for the families and individuals who call this community home,” said Perica Bell, Head of Preservation at April Housing. “We are proud to partner with Fort Bend County Housing Finance Corporation. When residents thrive, the entire community benefits. That’s the kind of lasting impact we’re working toward.”
Located south of Houston, the property was built in 2001 and includes 250 garden-style units across 20 two-story buildings, comprised of two- and three-bedroom apartments. All units are leased at 60 percent of AMI.
April Housing is one of the largest owners and preservers of affordable housing in the U.S. Since 2024, the company has successfully completed the preservation of more than 3,400 affordable homes across the country. Through the preservation program, Blackstone Real Estate has invested more than $300 million for upgrades and improvements for residents at these properties. Comprehensive renovations are either completed or well underway, including accessibility and energy efficiency improvements that directly benefit residents.
About April Housing
April Housing, a Blackstone Real Estate portfolio company, operates, preserves, and creates high-quality affordable housing in the United States. April Housing prioritizes improving communities and supporting residents while expanding the available supply of affordable housing.
www.aprilhousing.com.
