Spotlight: Kestrel on Cooper

Quality, affordable housing is critical to creating a thriving local economy. We are proud that Kestrel on Cooper helps meet the need for affordable yet modern housing solutions in an urban center that is close to jobs, schools and Arlington’s bustling Entertainment District.

Kestrel on Cooper is a mixed-income, multi-family community in central Arlington, providing 90 units of high-quality affordable housing available to households at various income levels. The three-building property has units available at 30%, 50%, and 60% of area median income and market rate.

Saigebrook and O-SDA worked closely with the City of Arlington and the Heart of Arlington Neighborhood Association to ensure the development met the needs of the residents it would be housing, integrating the community in every stage of design and development. In their commitment to Art in Public Places, Saigebrook and O-SDA partnered with local artist and sculptor, Art Fairchild, who created a custom sculpture that compliments that context of the community and is on display for all to enjoy. The final art selection was made by members of the Heart of Arlington Neighborhood Association.

Kestrel on Cooper was a 2020 LITHC 9% award, this property was in the process of going through a very active community engagement process to obtain zoning approval when the global pandemic hit. The development team had to pivot and figure out how to keep the zoning process moving forward while learning to build “virtual relationships” and trust with the surrounding community. It was imperative to keep the process moving forward to meet the TDHCA commitment deadlines for funding.

The project started construction in May of 2021 and also had to overcome massive construction cost increases during the construction bidding and closing process. Luckily, between the determination of the development team, the City of Arlington’s willingness to step up and provide creative financial assistance, and the Supplemental Credits issued through TDHCA, the project was able to move forward. The development was completed on time and on budget in the fall of 2022 and is on set to convert to permanent financing in June of 2023. This project is a true testament to the importance of a collective problem-solving approach between developer, local government, and TDHCA.

UNITS & RESIDENT PROFILE

90 Units (1-, 2-, 3-, & 4-bedroom units)

• 8 affordable at 30% AMI

• 32 affordable at 50% AMI

• 40 affordable at 60% AMI

• 10 market rate

This property serves families at a variety of income levels. Kestrel on Cooper’s units are affordable at 30%, 50%, and 60% area median income, or are reserved for special needs, formerly homeless, and/or disabled households.

FUNDING

9% Housing Tax Credits

AMENITIES

Fully furnished clubhouse with kitchen featuring: community room, business center, leasing center, fitness center, and cyber lounge, playground and outdoor cooking and gathering spaces, parking garages, Designated rideshare pick up location to downtown Arlington and major transportation routes, shops and restaurants at the Park Mall, the Entertainment District with Dallas Cowboys, Texas Rangers, Six Flags and Hurricane Harbor

SUPPORT SERVICES

Kestrel on Cooper offers a variety of free on-site services for residents including but not limited to:

• Financial planning classes

• Health, nutrition, and cooking classes

• Youth programming:

» Arts and crafts

» Character building discussions

» Recreational activities

• Weekly social events for residents

SPECIAL DESIGN FEATURES

Custom sculpture by Art Fairchild designed to compliment the context of the community.

CREDITS

Developer: Saigebrook Development, LLC & O-SDA Industries, LLC

Syndicator: Hudson Housing Capital

Consultant: S. Anderson Consulting

Lender: Maker Bros

Architect: Three Bar Architecture