Join us for refreshments and witness the groundbreaking for the new Hill Court Villas
The Texas Department of Housing and Community Affairs has awarded a Low Income Housing Tax Credit allocation to Hill Court Villas, L.P. for the purpose of constructing a senior residential development in Granbury. The Granbury Housing Authority is the General Partner for the Partnership receiving the award.
The new Granbury development will be called Hill Court Villas. It will be located at 1111 Hill Court behind Lowe's Home Improvement. Construction is expected to begin early next year and is expected to take between 12 and 16 months. The complex will include 48 units. Thirty-two units will have two bedrooms and 16 will feature one bedroom. The development will have 12 market rate units and 36 "affordable" units. The housing will be for those 62 and older. To be eligible to live in an affordable unit, a household of one cannot have an annual income of more than $29,520. The income limit for a household of two will be $33,720.