Mark-Dana Corp. announced the opening of Lost Oaks, a $25.9 million affordable multifamily housing community in north central Houston.
The five-story development, which is now 60% leased, offers 78 apartments for households earning between 30% and 80% of the Area Median Income (AMI). First-floor units include a private patio, and upper-floor units include a balcony. Community amenities include a swimming pool, outdoor grills, a clubhouse and community center, a business center, a fitness center, an activity room, EV chargers, laundry facilities and controlled-access entry.
The project is a public-private partnership between Mark-Dana Corp., the Harris County Housing Finance Corp. (HCHFC), and the Harris County Housing & Community Development Department. HCHFC owns the land and leases it to the project under a long-term ground lease, preserving Lost Oaks as affordable housing for 99 years.
“We are proud to be part of the Texas Department of Housing and Community Affair’s, Harris County’s and the Harris County Housing Finance Corporation’s efforts to build affordable, quality housing that helps improve the quality of life for residents in north central Houston,” said David Mark Koogler, president and CEO of Mark-Dana Corp.
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