Boston Capital Invests in Apartment Complex in Metro Dallas

COPPERAS COVE, TEXAS — Boston Capital is investing in the construction of Constitution Court Apartments Phase II, a 72-unit apartment complex Copperas Cove. Commonwealth Development and KJK Enterprises are the general partners. The complex will be built with tax credit equity from the Low Income Housing Tax Credit program. Units will be available to individuals and families earning 60 percent or less of the area median income. Constitution Court Apartments will be the second phase of an existing 108-unit tax credit development built in 2011, which was financed with Tax Credit Exchange Program funds. The apartment community will feature 20 one-bedroom/one-bath, 32 two-bedroom/two-bath and 20 three-bedroom/two-bath units in six, two-story garden-style buildings. The construction of the second phase of Constitution Court Apartments will generate more than $5.1 million in local salaries and create nearly 80 new jobs in the Copperas Cove area. Boston Capital’s investment in this development adds 72 affordable homes to its apartment portfolio. To date, Boston Capital has invested in more than 21,900 affordable apartments in Texas.