Mirka Investments is excited to expand its vision into the South. If you are a stakeholder in the Texas affordable housing industry, contact us today and discover how flexible and operationally sovereign we are. Our application scoring is second to none. Call today!
Dallas has a growing number of elder residents living on fixed incomes, and rents in much of the city have risen faster than Social Security. Tax credit senior housing is one of the few ways to hold rents at a level these residents can pay. MirKa structures senior communities from site control through lease-up, including the financing that makes below market rents possible. If you control a site or run a nonprofit serving older adults in Dallas County, please send details.
Houston has no traditional zoning code, so the path from site control to construction is often shorter than in other large cities. Land inside and near the Beltway can still be bought at prices that make a tax credit deal work. MirKa develops multi-family rental housing using tax credits, bonds and local funding, and we partner with landowners who want to see their property used for affordable housing. If you have a site in the Houston area, contact us to see if it pencils.
Fort Worth is one of the fastest growing large cities in the country, and most new housing there is priced for higher incomes. Families who have lived in the city for years are the ones being pushed out. MirKa develops lower-income rental housing with public agencies, nonprofits and private landowners as partners. If you own land or can refer us to someone in Fort Worth whose lot fits our model, we can review the site and propose a financing plan.
Austin has some of the highest housing costs in Texas, and the shortage reaches teachers and nurses as well as the lowest-income households. Mixed-income buildings serve several income levels under one roof and spread costs in a way that strengthens the whole deal. MirKa builds layered financing structures for exactly this kind of project. Landowners and public partners in Austin can reach us to discuss a site.
San Antonio has put more local money into affordable housing than most Texas cities, through bond programs and its housing trust. That local funding can close the gap left after tax credits and bonds. MirKa specializes in combining local, state and federal sources so a project can move forward. If you are a landowner, nonprofit or public agency in Bexar County with a potential site, please get in touch.
Rents in El Paso are lower than elsewhere in urban Texas, but so are incomes, and many households still pay more than they can afford. The city also has a large senior and veteran population. MirKa develops housing in border communities, including San Ysidro and Calexico, where many of the same conditions apply. If you know of a site in the El Paso region that might be a good fit, contact us.
