Three proposed affordable housing projects in Fort Worth are recommended to share about $15 million in federal recovery funds aimed at replacing rental units lost during 2021’s Winter Storm Uri.
The developments could receive Community Development Block Grant Disaster Recovery funding through the U.S. Department of Housing and Urban Development. Fort Worth’s Multifamily Housing Recovery Program was created to help low-income renters after Uri destroyed about 500 units across the city during the Feb. 13-17, 2021, freeze.
The recommendations “best align” with the city’s established goals and help vet developers and projects that are most qualified to receive funding, according to a staff report.
The projects were selected from 10 applications submitted after the council voted in January 2025 to allocate federal funds for projects with five or more units intended for households earning 80% or less of the area median income of $90,800. City staff evaluated the applications based on developer capacity, alignment with neighborhood conservation and affordable housing goals, sustainability, readiness to proceed and financial feasibility.
City staff recommends proceeding with the three highest-scoring projects to use the available federal funds before a 2030 deadline. Staff also recommended increasing the maximum award from $3 million to about 11% of each project’s total developmental costs.
The top projects evaluated by the city are:
Richardson Ridge
Richardson Ridge, a 228-unit project planned at 4000 Campus Drive in southeast Fort Worth, would receive about $6.5 million in funding. The project is developed by Columbus, Ohio-based Richardson Ridge Limited Partnership, an affiliate of Woda Cooper Companies Inc. The development, to be near the intersection of Campus Drive and Mansfield Highway, would reserve 46 units for households at 50% of the area median income, 136 for 60% of area median income and 46 units at 70% area median income.
Land for the project is already zoned for neighborhood commercial and will not require a zoning change, according to the city report. Richardson Ridge Limited Partnership plans to apply for a municipal tax abatement through the city’s Neighborhood Empowerment Zone program.
Heritage Estates at Randol Mill
Developer Randol Mill 2026 Ltd., a Dallas-based affiliate of Generation Housing Partners, is recommended to receive about $5 million for a 164-unit senior complex planned at 6500 Randol Mill Road on the city’s east side. The project, for those 55 years or older, would reserve 38 units for households at 50% of the area median income, 50 units at 60% of area median income and 36 units at 70% area median income.
The land is already zoned for neighborhood commercial and would not require a change. The developer plans to see tax relief by partnering with a tax-exempt entity, the city report said.
Irma Park
Irma Park, an 84-unit project for seniors 55 years and up from Austin-based O-SDA Industries, is proposed in a former church at 1519 Circle Park Blvd. in the Stockyards. That complex would receive about $3.5 million.
That project was not recommended for funding in 2025 because the developer outreach to the community was insufficient before an application date, council member Carlos Flores previously said.
The developer proposes reserving 19 units for households at 30% area median income, 29 units at 50% area median income and 7 units at 80% area median income. The land is zoned for community facilities and would have to be changed to planned development because the future land use designation is institutional.
O-SDA Industries plans to apply for tax relief programs through the city’s Historic Site Tax Exemption and the Neighborhood Empowerment Zone programs.
The city said the staff recommendations are conditional pending City Council approval. Monetary awards are based on each project’s financing gap. The awards will be issued as either an interest-bearing non-forgivable loan or a zero-interest forgivable loan. If the projects don’t move forward, the city will reissue the funds and expand its outreach to owners of distressed properties in need of rehabilitation, the report stated.
Eric E. Garcia is senior business reporter at the Fort Worth Report. Contact him at eric.garcia@fortworthreport.org.
At the Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.
This <a target=”_blank” href=”https://fortworthreport.org/2026/05/10/3-fort-worth-housing-projects-eyed-for-15m-in-federal-aid/”>article</a> first appeared on <a target=”_blank” href=”https://fortworthreport.org”>Fort Worth Report</a> and is republished here under a <a target=”_blank” href=”https://creativecommons.org/licenses/by-nd/4.0/”>Creative Commons Attribution-NoDerivatives 4.0 International License</a>.<img src=”https://i0.wp.com/fortworthreport.org/wp-content/uploads/2021/04/cropped-favicon.png?resize=150%2C150&quality=80&ssl=1″ style=”width:1em;height:1em;margin-left:10px;”>
<img id=”republication-tracker-tool-source” src=”https://fortworthreport.org/?republication-pixel=true&post=531956&ga4=2820184429″ style=”width:1px;height:1px;”><script> PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: “https://fortworthreport.org/2026/05/10/3-fort-worth-housing-projects-eyed-for-15m-in-federal-aid/”, urlref: window.location.href }); } } </script> <script id=”parsely-cfg” src=”//cdn.parsely.com/keys/fortworthreport.org/p.js”></script>