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FTK Awarded Ridgecrest Terrace LIHTC Rehabilitation Contract

Press release content from Business Wire. The AP news staff was not involved in its creation. 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. ADVERTISEMENT 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

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