Enchanted Gardens Apartment Homes will make its grand entrance

VICTORIA, Texas – Enchanted Gardens Apartment Homes will make their grand entrance into the Victoria community this month. The Victoria Housing Finance Corporation, in partnership with Realtex Development Corporation, will host a grand opening of the new affordable housing community at 10 a.m. on October 25, beginning with a ribbon cutting.

Deputy City Manager Mike Etienne issued the following statement

“Providing affordable housing options for the workforce was identified as a key priority by the people of Victoria when developing the city’s comprehensive 2035 plan, and the HFC is helping us achieve that goal,” said Deputy City Manager Mike Etienne.

Councilman Rafael DeLaGarza, President of the Victoria Housing Finance Corporation, and Rick Deyoe, President of Realtex Development Corporation, will participate in the inauguration, followed by guest speakers. The festivities will continue throughout the morning with refreshments and community tours.

Enchanted Gardens Apartments Houses

Enchanted Gardens Apartment Homes will open to tenants in November 2022.

The gated community includes three-story garden-style apartments. It will offer 168 one, two and three bedroom apartments. The developers have designed the apartments with contemporary open plan living spaces.

A kitchen setup at Enchanted Gardens features granite countertops, a built-in microwave, and pendant light fixtures.

Apartment features include:

  • false wooden floor,
  • granite counters,
  • dressing rooms,
  • Energy Star Qualified Stainless Steel Kitchen Appliances,
  • nine foot ceilings,
  • garden boxes,
  • and more.

Interior fittings include:

  • a community center with a state-of-the-art fitness room,
  • business centre
  • and activity room.
101822 Enchanted Gardens 2

Facilities at Enchanted Gardens include a swimming pool, picnic and barbecue areas, a dog park and on-site social services.

The outdoor facilities include:

  • a playground,
  • resort-style swimming pool,
  • a dog park,
  • an outdoor pergola with lounge area and barbecue
  • and more.

The community will also offer on-site programs and services for residents of all ages, including tutoring and after-school recreation programs for children. Adult family members will also be able to participate in educational workshops.

Enchanted Gardens Apartment Homes aims to create a home-like environment for residents of the business to foster resident involvement and focus on academic success for young people. He also hopes to provide community building and health and fitness activities for families. An on-site program coordinator will help residents access local community services.

The goal is to improve housing

Enchanted Gardens Apartment Home is a public/private partnership between Victoria Housing Finance Corporation, Realtex Development Corporation and TICO Development. According to a city press release, it is funded by private investment and bonds from the Victoria Housing Finance Corporation.

The VHFC issues tax-exempt private activity bonds that must be redeemed by the promoter. The project also received an allocation of federal housing tax credits through the state, which were sold to private investors. The rest of the funding comes from private loans.

J Bauknight

Mayor Jeff Bauknight

City Mayor Jeff Bauknight issued the following statement

“By leveraging state and federal programs to encourage the development of affordable workforce housing, we have the opportunity to create a more livable city and improve the lives of all of our residents,” said the mayor. Jeff Bauknight.

The City sold land to Realtex Development Corporation in 2021 as part of an ongoing effort to encourage the development of low-cost housing options. The apartments are built on this land.

Realtex Development Corporation President Rick Deyoe released the following statement

“We highly value our long-term partnership with the City of Victoria, without which we could not have developed this vital workforce housing community that now provides quality, affordable housing for families. city ​​workers,” said Realtex Development Corporation.
President Rick Deyoe. “Developing new affordable housing is critical to our mission as a local Texas developer, as we support Texas neighborhoods and communities.”

101822 Enchanted Gardens 1

Enchanted Gardens, 4601 N. Ben Jordan St., is a new apartment complex priced for working individuals and families.

How to stay connected

Realtex Housing Management will professionally manage the Enchanted Gardens apartments. You can call 361-210-6733 to be put on a waiting list for a lease. You can also email [email protected]

For more information on the Housing Finance Corporation, you can visit www.victoriatx.gov/hfc. You can also learn more about the City’s efforts to expand housing options by visiting www.victoriatx.gov/housing.

The City of Victoria provided the above information and photos.

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