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Council backs 'Landmark on Pine' tax-credit application to convert historic downtown buildings to senior housing
Summary
Overland Property Group received the council—ndorsement to pursue Texas Department of Housing and Community Affairs (TDHCA) competitive housing tax credits for a proposed adaptive-reuse senior housing project at 301-319 Pine St.
The Texarkana City Council unanimously approved a resolution supporting Overland Property Group’s application to the Texas Department of Housing and Community Affairs for competitive housing tax credits and a possible multifamily direct loan for a downtown adaptive-reuse project called Landmark on Pine.
Michelle Daniel, a planning staff member, told the council the proposal would adapt existing historic buildings at 301–319 Pine St. into mixed-income senior housing. “The total unit count is approximately about 40 units,” she said, adding that staff supports the application and that the project aligns with the 2018…
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