Brittany Place Single Family Homes

3500 Normandy Dr Port Arthur, TX 77642

Brittany Place Single Family Homes

3500 Normandy Dr Port Arthur, TX 77642
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A 100-unit, single family home, rental community located at Ray Avenue and 58th Street near Highway 73, Port Arthur, Texas. This is an off-site replacement housing development to recover units lost to Hurricane Rita. This development is undertaken as a joint venture with the Housing Authority of the City of Port Arthur. The project financing is based upon allocation of Community Development Block Grant funds from the TDHCA, awarded in September 2007. This is hurricane replacement housing that targets displaced residents of the community earning at or below 80% of AMFI. The Housing authority has provided approximately 95 project-based rental vouchers to help families in need of direct assistance. Another fifteen of the single-family homes are specially equipped for residents with special needs. The income and rent restriction expire five years following construction completion, at which point they may be sold as market-rate homes or for affordable housing home ownership.

RISE was the fee developer and general contractor for the PAHA, who is the long-term owner of the development. Construction financing for this development was provided by IBC in the amount of $6MM. FNMA offered a rate-locked forward funding commitment at 7.27% per annum fixed for 10 years, with a 30-year amortization permanent mortgage for this property in an amount up to $6MM. The contractor broke ground on the project in May 2009 following the Release to Work by TDHCA. Completion: Summer 2010. 100% occupancy was achieved December 2010. The CDBG grant for this portion of the development is $17MM. The construction contract is for $12.44MM.


  • Address 3500 Normandy Drive, Port Arthur, TX
  • Zip/Postal Code 77642

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