ARANSAS PASS, Texas - National Church Residences Investment Corp. is excited to announce the acquisition of Live Oak Village, located at 2101 W. Wheeler Ave. in Aransas Pass, Texas.
“The purchase of Live Oak Village was an exciting acquisition for the organization,” said Joe Hall, National Church Residences Director of Acquisitions. “This acquisition not only gives us the opportunity to preserve an additional 76 units of affordable elderly housing, but it also was a great outcome to expand our property management services and grow our overall Texas presence.”
The Live Oak Village campus encompasses 10 one-story residential buildings housing 76 units of housing designated for seniors 55-and-older, one clubhouse/office building and a maintenance facility. It also features amenities that include a community room, a community kitchen, secured gated access and a swimming pool.
The addition of Live Oak Village to the National Church Residences’ family raises the number of the organization’s owned and managed facilities in Texas to 28.
Live Oak Village was originally built in 2004 utilizing the Low Income Housing Tax Credit program and Fannie Mae financing.