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FTK Awarded Ridgecrest Terrace LIHTC Rehabilitation Contract
April 1, 2021 GMT
ALLEN, Texas (BUSINESS WIRE) Apr 1, 2021
FTK Construction Services, LLC, (FTK) a full-service nationwide General Contractor specializing in Low-Income Housing Tax Credit (LIHTC) rehabilitation projects, is proud to announce that FTK has been awarded the contract for the construction and rehabilitation of Ridgecrest Terrace Apartments in Dallas, Texas. The amount of the contract award is $17,298,065.
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Ridgecrest Terrace Apartments, built in 1969, is a Project Based Section 8 family property consisting of 250 apartment homes in 19 two-story buildings, on 16.27 acres. The property, located at 526 South Walton Walker in Dallas, TX, is owned by Monroe Group based out of Denver, Colorado, in partnership with Steele Properties. The architect for this project is Benton Design Group and the lender for t