Berkadia has secured $131,995,000 in construction-to-permanent financing for a new affordable housing community in Denton, Texas, developed by JPI and owned by the Denton Housing Authority.

Information on the Target

Berkadia recently facilitated financing for an innovative affordable housing project located in Denton, Texas. Announced on June 9, 2025, this undertaking aims to develop a community comprised of 461 residential units, with a significant portion designated for families earning 80% or less of the Area Median Income (AMI). The construction financing, amounting to $131,995,000, was secured through the Berkadia Private Placement Program, which specializes in providing streamlined capital solutions for affordable housing projects utilizing tax-exempt bonds.

The project developer, JPI, is based in Dallas and brings a wealth of experience to the table, ensuring the community's viability and success. The completed development will be owned by the Denton Housing Authority, which is committed to long-term affordability and meeting the housing needs of rent-burdened residents in Denton.

Industry Overview in Texas

The affordable housing sector in Texas has increasingly come under pressure as demand continues to outstrip supply, particularly in urban centers such as Denton. The rapid population growth and economic expansion experienced in the state hav