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Texas  + Dallas-Fort Worth  + Apartments  | 
Plano site for new affordable housing project

Plano Okays Affordable Housing Project

It wasn’t easy but developers for a new affordable housing project in northeast Plano will get to build their development. Versa Development won their appeal in a rezoning case, allowing them to move ahead with an 80-unit complex. Despite getting turned down by the planning commission, the Plano City Council okayed the project.

Versa Development is planning to build the two-story Juniper Apartments on 6.8 acres at the corner of Los Rios Boulevard and Jupiter Road. β€œThis is an opportunity to bring affordable housing to the city at no cost to the city,” said Versa’s Manish Verma.

In July, the Juniper Apartments was awarded $1.5 million in housing tax credits from the Texas Department of Housing and Community Affairs to help finance the project. According to developers, 64 of the 80 units will be set aside for low-income tenants.

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Inside The Story

Manish Verma

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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