FTK Construction Services, a full-service General Contractor specializing in Affordable Housing/LIHTC projects nationwide, has completed the LIHTC preservation project for Seville Apartments in Beaumont, Texas. Seville Apartments is a 90-unit affordable housing community built in 1980. The total contract value for the rehabilitation of the property was $4,770,588, with the project duration of 12 months. The property is owned by Steele Properties, with property management overseen by their sister company Monroe Group Ltd. The architect for the project was Benton Design Group (BDG), and the lender was Ready Capital.

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FTK Construction Services is pleased to announce the completion of the renovation at a property in Beaumont, Texas. Photographer: Joe Hernandez Photography

The preservation project at this property included both interior and exterior renovations. Specific enhancements included new flooring, paint, appliances, countertops, cabinets and bathroom upgrades including new shower surrounds. Other updates were full siding replacement to the patios, new climate control systems, new picnic areas, the community room, computer room and other various site improvements.

FTK has completed several LIHTC projects for this client across the United States. Jim Goodman, FTK’s CEO said, “We appreciate being able to support Steele Properties and Monroe Group in their goal of providing more affordable housing across the nation. Having a role in providing more quality housing to more families in need of that, is very important to us.”

Steele Properties, LLC is a Denver-based national real estate investment company specializing in the acquisition, rehabilitation and new construction of affordable housing rental properties.

About FTK Construction Services

FTK Construction Services is a premier nationwide full-service General Contractor, with three divisions of Multifamily expertise: Affordable Housing/Low-Income Housing Tax Credit (LIHTC) preservation projects, Multifamily Renovations and Disaster Services/Insurance related restoration projects. FTK has completed or has in-process projects in 36 states to date and has completed/contracted over 7,500 rehabbed LIHTC units to date. Visit our website at ftkconstructionservices.com to learn more about our company.

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