FTK Completes $13.6MM LIHTC Renovation in Dallas
FTK Construction Services, a nationwide general contractor recognized for its specialization in Affordable Housing and Low-Income Housing Tax Credit (LIHTC) developments, has officially completed a comprehensive $13.6 million rehabilitation project at West Virginia Park, a 204-unit multifamily community in Dallas, Texas. The milestone marks another successful collaboration in the ongoing effort to preserve and enhance affordable housing options in high-demand urban markets.
The completion of the project was celebrated with a Grand Reopening ceremony held on January 22, 2026. The event brought together leadership and representatives from April Housing, Blackstone Real Estate, PNC Bank, and the City of Dallas, highlighting the collaborative public-private partnership that made the renovation possible. The ceremony underscored the shared commitment of stakeholders to invest in and preserve quality affordable housing for residents in Dallas.
Originally constructed in 2004, West Virginia Park consists of one-, two-, and three-bedroom apartment homes designed to serve working families and individuals in need of attainable housing options. With a total contract value of $13,687,175, the rehabilitation project focused on modernizing both residential units and community amenities while ensuring long-term sustainability and resident comfort. Financing for the project was provided by PNC Multifamily Capital, reinforcing the critical role of institutional lenders in supporting affordable housing preservation.
A Strategic Investment in Affordable Housing Preservation
The owner of West Virginia Park is April Housing, a portfolio company of Blackstone Real Estate and one of the nation’s largest owners and preservers of affordable housing. April Housing has built a strong reputation for its commitment to maintaining affordability while improving living standards for residents. Since 2024, the company has successfully preserved more than 3,000 affordable homes across the United States, further strengthening housing stability in communities facing rising housing costs.
The rehabilitation of West Virginia Park reflects April Housing’s broader mission to enhance the resident experience while protecting long-term affordability. By partnering with FTK Construction Services, April Housing ensured that the project was executed with a clear focus on quality workmanship, efficiency, and minimal disruption to residents.
Comprehensive Interior Upgrades Across 204 Units
A significant portion of the renovation effort centered on interior improvements within all 204 residential units. The upgrades were designed to modernize living spaces, increase functionality, and improve overall comfort for residents.
Interior renovations included fresh paint throughout each apartment, providing a clean and updated aesthetic. New cabinetry and countertops were installed in kitchens and bathrooms, enhancing both durability and visual appeal. Plumbing fixtures were replaced to improve water efficiency and reliability, while new appliances were introduced to support modern living standards.
Residents also benefited from new flooring installations and upgraded lighting fixtures, which contributed to a brighter and more contemporary interior environment. In addition, new hot water heaters were installed in both the leasing office building and individual units to ensure consistent and efficient hot water access. HVAC systems within the units were replaced, significantly improving energy efficiency and indoor climate control.
These interior improvements not only elevate the quality of life for current residents but also help extend the useful life of the property, aligning with long-term asset preservation goals.
Exterior Enhancements and Community Improvements
Beyond the interior upgrades, the project included substantial exterior renovations aimed at refreshing the overall appearance and functionality of the community. The building exteriors received new paint, contributing to a renewed and cohesive visual identity for the property. Fresh paving improved walkways and driving surfaces, enhancing both safety and accessibility for residents and visitors.
Landscaping improvements were also implemented to create a more inviting and well-maintained environment. These enhancements help foster a sense of pride among residents while reinforcing the community’s role as a stable and attractive housing option within the Dallas market.
In addition to structural and aesthetic upgrades, FTK completed improvements to shared community amenities. Playgrounds were enhanced and updated to provide safer and more engaging recreational spaces for children. The property’s pool and gym facilities were also upgraded, offering residents improved opportunities for leisure, wellness, and social interaction.
Together, these exterior and amenity enhancements support April Housing’s objective of creating communities where residents feel valued, secure, and connected.
Collaboration and Community Impact
The successful completion of the West Virginia Park rehabilitation highlights the importance of collaboration among owners, contractors, lenders, and local government entities. Representatives from April Housing, Blackstone Real Estate, PNC Bank, and the City of Dallas attended the Grand Reopening ceremony, reflecting a shared commitment to strengthening affordable housing infrastructure in the region.
Affordable housing plays a critical role in stabilizing neighborhoods, supporting workforce participation, and promoting long-term economic resilience. Projects such as this demonstrate how targeted reinvestment in existing properties can preserve affordability while delivering meaningful improvements to residents’ daily lives.
By revitalizing a 204-unit community originally built in 2004, the project ensures that West Virginia Park remains a high-quality housing option for years to come. The renovation also reinforces the value of the LIHTC program as a vital tool for financing and preserving affordable housing across the country.
Leadership Perspective on Housing Stability
Mark Frazier, Chief Operating Officer of FTK Construction Services, emphasized the broader social impact of the project. “Housing is such a critical, life-altering part of stabilizing a community,” Frazier said. “We applaud April Housing’s commitment to providing quality affordable housing across the nation, and our team is proud to support that goal by delivering quality renovations like this one at West Virginia Park.”
His remarks reflect the shared understanding among project partners that affordable housing preservation extends beyond physical construction. It contributes to stronger communities, improved resident well-being, and greater economic opportunity.
Strengthening Dallas Through Quality Renovation
The completion of the $13.6 million LIHTC renovation at West Virginia Park represents a meaningful investment in Dallas’s affordable housing landscape. Through thoughtful planning, comprehensive upgrades, and strategic collaboration, FTK Construction Services and April Housing have transformed a 20-year-old property into a refreshed, modernized community designed to meet today’s living standards.
With updated interiors, improved infrastructure, enhanced amenities, and renewed exterior features, West Virginia Park now offers residents a more comfortable, efficient, and welcoming environment. The project stands as a testament to the power of preservation-focused development and the long-term value of investing in affordable housing communities.
As housing affordability continues to be a pressing issue nationwide, projects like this demonstrate how experienced construction partners, mission-driven ownership, and supportive financial institutions can work together to protect and enhance critical housing assets. Through its specialized focus on LIHTC and affordable housing developments, FTK Construction Services continues to play a vital role in delivering high-quality renovations that strengthen communities and expand access to safe, stable homes.
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