7203 Great Trinity Forest Way
Dallas, TX 75217

Ridge at Trinity Apartments is a 232-unit, class C, Affordable Low Income Tax Credit (“LIHTC”) multifamily asset located at 7203 S. Great Trinity Forest Way in Dallas, Texas. Built in 1970 and renovated between 2015-2019, the property is only nine miles from Downtown Dallas and provides easy access to highway US-175, parks, retailers, and restaurants. The property has 19 buildings spread out on 17.46 acres. The buildings are built with stucco and brick exteriors, concrete slab foundations, iron perimeter fencing, asphalt parking lot, mature tall trees and shrubs. Common area amenities include but not limited to 24/7 on-site laundry facility and maintenance, on-site leasing office, and open lawn areas with two playgrounds. With an ideal unit mix of 90 percent two and three bedrooms perfectly suitable for families, the three various one to three bedroom floorplans range in size from 676 square feet to 1,117 square feet, averaging at 914 square feet. Unit amenities include but not limited to, garbage disposals, private balconies and patios in select units, frost free refrigerators, ceiling fans, tile floors in select units, and high-speed internet access. Ridge at Trinity Apartments is subject to Section 42 Low Income Housing Tax Credit (“LIHTC”) program which requires reserving 143 units for residents with incomes at 50 and 60 percent of Area Median Income (AMI). The property is presently in its extended use period set to expire December 31, 2038. Ridge at Trinity Apartments offers an affordable rent per bond regulatory agreement via Low Income Housing Tax Credit originally awarded in 2006 at four percent. A new investor can potentially qualify for a new Four Percent Tax Credit according to representatives at the Texas Department of Housing & Community Affairs (TDHCA).