A joint venture has identified financing from half a dozen sources, allowing it to proceed with a 168-unit mixed-income apartment project in Dallas. Hunt Capital Partners, Bonner Carrington and Sycamore Strategies have secured $86.3 million in total financing for Cypress Creek Apartment Homes at 14119 Montfort Drive.

Commercial Edge reports funds include $20 million in federal 9 percent LIHTC financing, awarded by the Texas Department of Housing and Community Affairs and syndicated by Hunt Capital Partners; $32.5 million in construction financing and $22.1 million in permanent financing issued by East West Bank; $11.7 million soft loan, provided by The City of Dallas; Walker Settlement Vouchers provided by Dallas Housing Authority’s; funds from HUD’s Community Development Block Grant Disaster Relief Program. 

Moss and Associates and IFC-Construction are building Cypress Creek. Arrive Architecture Group provided design services, and Pape Dawson served as the civil engineer. The companies broke ground this March, and construction is expected to be completed in the second quarter of 2026.