Dominium, a leading national affordable housing owner, developer and manager, has announced the acquisition of land in Maxwell, Texas with plans to construct a new affordable housing community Anson Crossing.
Once completed, Anson Crossing will provide 312 high-quality, affordable homes designed to serve hardworking individuals and families. Residents will enjoy access to modern amenities, including a clubhouse, fitness center, business center, pool with outdoor amenity space and free tutoring service tailored to resident needs. Each home will feature in-unit washers and dryers, granite countertops, luxury vinyl plank flooring and stainless-steel appliance packages.
The development is made possible through the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Nationwide, LIHTC is the largest source of support for the construction and maintenance of affordable housing communities. In exchange for tax credits, affordable housing developers and operators agree to maintain rents at levels tied to the Area Median Income (AMI). Construction of LIHTC properties has a positive effect on the local housing market by increasing the supply of affordable housing.
Dominium would like to thank its development partners, including Caldwell County, Winthrop & Weinstine, BKV Group, Kimley-Horn and Associates Inc., Braun Intertec Corporation, Commercial Partners Title, On Track Ministries and UMB Bank.
Founded in 1972, Dominium is a Minneapolis-based owner, developer, and manager of apartment communities nationwide. With more than 25,000 owned and/or managed units at over 200 sites in 23 states. Dominium is known for creative solutions to unique and challenging development projects, and management expertise. As of 2017, Dominium was ranked second largest owner of affordable housing by Affordable Housing Finance; and 42nd in NMHC 50 Largest Apartment Owners ranking.
