Pedcor Investments is proposing to build a low- to moderate-income, multifamily, residential rental community in the Westheimer Lakes master-planned community just south of Cinco Ranch.
The Landings at Westheimer Lakes will be a 96-unit apartment complex on approximately 6.7 acres on the north side of Canyon Fields Drive. The property is west of FM 723, which lies south of FM 1093 and Spring Green Boulevard.
Craig Lintner, Pedcor’s vice president of development, said the Indiana-based company submitted an application for a competitive 9-percent housing tax credit to the Texas Department of Housing and Community Affairs prior to last week’s deadline.
“There has been so much growth along Grand Parkway, and Fort Bend County has been one of the fastest growing areas in the entire country,” Lintner said. “There is a need for affordable rental housing, but there hasn’t been any new construction of affordable rental housing in the area. Based on the pushback we’ve received, we now understand why.”