Special Achievement by an HFC Award: Garland HFC, City Square Artist Lofts


This truly innovative and unique development is a centerpiece of a downtown community revitalization plan implement by the City of Garland. It is transfor-


mational for Downtown Garland which has invested heavily in improving public infrastructure and developing properties around a very robust light rail presence. The development would simply not be possible without the active involvement and participation of the Garland Housing Finance Corporation.


The journey began with a downtown eyesore, the former Bank of America Tower. The goal was to transform an obsolete 6 story office/bank building with flood- ed basements, broken elevators, vagrants and a dated 70’s era glass cladding package. Situated directly across from the City Planning and Engineering Depart-


ments, the site was a problem for the community and the neighborhood.


Working with City staff on new downtown design standards, the team put together a two phase development plan to bring more housing to downtown. The first phase, City Square, is 70% affordable and 30% market rate. The Tower was an adaptive reuse to create 46 single-family apartments with the fitness area, leasing offices and common amenities on the first floor in the former Bank Tower. A strong focus was placed on life safety issues, Enterprise Green Building standards and community integration.


Thanks to the Board, including Chairman Chris Luna, Executive Director John David Jacobs, development partners IBC Bank, 42 Equity Partners and RISE Residential Group-Melissa Fisher. Special thanks to the project advisors, Hilltop Securities, Petruska & Associates and Sonoma Housing Advisors.


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TALHFA


Fall 2019


Talk


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