Olive Tree Affordable Housing, an affiliate of Olive Tree Holdings, is planning to spend $25 million on a capital improvement project for The Life At Grand Oaks holding in Houston. The 556-unit affordable multifamily complex is expected to take about a year.

Built in 1982, the Life at Grand Oaks was acquired by Olive Tree Holdings in 2021. Interior upgrades across the 556-unit community include improvements to the kitchen and bathroom areas, HVAC replacements, resurfacing the pool and deck, parking lots and walkways. In addition, Olive Tree has added security features such as cameras and LED lighting.

To date, Olive Tree Affordable Housing. has preserved the affordability of over 4,000 units nationwide, nearly 900 in the Houston area alone, totaling more than $125 million in development costs.