StoneLeaf at Eustace
Silver Glen
StoneLeaf at Eustace 320 FM 316 Eustace, Texas
Silver Glen 7601 Curry Road Houston, Texas 77093
StoneLeaf at Eustace is a 49 unit apartment community located at 320 FM 316 in Eustace, Henderson County, Texas. This family community serves the general population of this rural town.
Silver Glen offers 1, 2, 3 & 4 bedroom affordable apartment homes. Our residents enjoy endless amenities including, but not limited to, clubhouse with business center, playground, picnic and grilling areas, gated community, and on-site laundry center.
List of on-site amenities: • On site laundry center • Clubhouse and business center • Gated community • Several picnic & grill areas • Private entrance to apartment home • Spacious kitchen • Playgrounds • On-site courtesy patrol • Close to public bus line
Type of Funding: Housing Tax Credit and Project Based Section 8
Green initiative: All appliances and lighting are energy efficient
The property was developed by StoneLeaf Development Partners, LLC, in partnership with Boston Capital and was designed by Cross Architects. CommunityBank of Texas provided the construction loan and the permanent lender is the United States Department of Agriculture 538 program, originated by Bonneville Mortgage Company. StoneLeaf Development built a family property that helps meet the needs of the community, while providing an aesthetically pleasing development that the city is proud of, as well as adding income to the local economy. The City of Eustace provided in-kind contributions which greatly helped in bringing safe affordable housing to its citizens. The community was 100% leased within 30 days of completion of construction. StoneLeaf at Eustace features 1, 2, and 3 bedroom apartment homes and serves the
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Texas Affordable Housi ng M agazi ne
physically impaired population as well as the general population in the 30%, 50% and 60% brackets of area median income. The property incorporated National Green Building Standards and achieved a NAHB Green Certification. All units feature washer and dryer connections, granite countertops, Energy Star appliances, walk in closets, ceiling fans, living area with vaulted ceilings and covered patios with storage closets. Community amenities include gated access, covered parking, playground, pickle ball court, gazebo, BBQ grill, spacious clubhouse with work out facilities, business center, and large community room with kitchen designed to host community events.
Number of units and Composition: 160 multifamily apartment homes, 17 residential buildings and one community building. Each building is 2 story garden style and consists of 36 one bedrooms, 60 two bedrooms, 60 three bedrooms and four 4 bedrooms. The property is 100% Section 42 & Project Based Section 8 and all units are rent income restricted to 30%, 50% and 60% AMGI. Resident Profiles: Families Developer(s): Dominium Syndicator(s): Wells Fargo Community Lending & Investment Lender Name: Dougherty Mortgage, LLC
Texas Affo rd abl e Housing Magazine
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