KCG is moving forward on a $78.45 million senior housing community in Mesquite, Texas, after Walker & Dunlop closed approximately $30 million in Low-Income Housing Tax Credit equity for the project. The development, Avanti Hills, is a 260-unit affordable senior housing community being developed by KCG Development as a joint venture partnership with The Javelin Group and Mesquite Housing Finance Corporation. The equity closing matters because LIHTC capital is often the linchpin that allows affordable developments to proceed, and its arrival signals that the project has cleared a major financing hurdle.
The financing structure is layered. Avanti Hills is a 4% LIHTC development supported by tax-exempt bond financing through Mesquite Housing Finance Corporation. Walker & Dunlop Affordable Housing Equity is the equity partner, while Citi Community Capital and Bank of America serve as the debt partner. The new construction community will feature apartment homes for adults age 55 and older, including 135 one-bedroom and 125 two-bedroom residences. All units are restricted to households earning up to 60% of Area Median Income. Planned amenities include a clubhouse, fitness center, outdoor gathering areas, accessible features, and resident-focused wellness and community programming.
The available evidence comes from a single secondary source, Connect CRE, which published the item on September 21, 2026. The report is brief and does not include direct quotes from developers, lenders, or municipal officials. It also does not specify a construction timeline, completion date, or the exact split between the $30 million in LIHTC equity and the remaining project cost. The $78.45 million total development cost and the approximately $30 million equity closing are the two concrete figures provided, and both are uncorroborated by additional sources in the dossier.
For the Mesquite and broader Dallas-area affordable senior housing market, the project adds meaningful supply targeted at a demographic with rising demand: adults 55 and older earning no more than 60% of AMI. The use of 4% LIHTC and tax-exempt bond financing reflects a common public-private structure for affordable senior housing, and the involvement of large financial institutions such as Bank of America and Citi Community Capital suggests institutional appetite for this asset class remains active. However, the single-source nature of the report limits the ability to assess how Avanti Hills compares with other recent LIHTC senior developments in the region on cost per unit, rent levels, or lease-up expectations.
What to watch next is whether additional documentation—such as bond issuance records from Mesquite Housing Finance Corporation, LIHTC allocation data, or statements from KCG Development—confirms the figures and provides detail on timing and unit mix. The absence of a stated groundbreaking or delivery date is a notable gap. Until those details emerge, the financing closing should be read as an early but significant step in the project's lifecycle, not as evidence of completion or lease-up performance.