Fort Worth takes key step toward long-awaited redevelopment in Historic Southside
The Fort Worth City Council approved a resolution Tuesday to move forward with an application for housing credits for the acquisition and construction of an affordable housing development.
Milwaukee-based Royal Capital, LLC will apply to the Texas Department of Housing and Community Affairs for 2025 Non-Competitive (4%) Housing Tax Credits for the construction of the Evans and Rosedale Urban Village in Fort Worth’s Historic Southside neighborhood.
Royal Capital asked the city to approve a resolution of no objection because it is required by the Texas Department of Housing and Community Affairs to award the 4% tax credits to the applicant.
According to a city spokesperson, investors who purchase the housing tax credits can reduce their federal income tax liability. The council voted unanimously to support the resolution, which will allow for the application process to move forward.
Royal Capital was chosen to develop the urban village in August after the city fired Dallas-based Hoque Global.
An unveiling in December at the Bethlehem Center in the Historic Southside showed the renderings for the six-acre affordable housing project. There will be mixed-income housing of over 180 units with one-, two- and three-bedroom options. The renderings included a walkable community with green space, 15,700 square feet of retail or office space, and social activities for children.
A minimum of 3,000 square feet will be for an urban grocer or market concept for fresh food.
The development will include 247 parking spaces with garages and surface lots.
According to the city’s agenda, housing will be leased to individuals or families earning at or below 80% of the area’s median income, with the average of all units totaling 60% area median income.
The city set aside $13.2 million in grants in 2021 to help with construction of the Evans and Rosedale Urban Village. Roughly $4.2 million of those incentives came from the American Rescue Plan Act, and had to be spent by the end of 2024.
One mile southeast of downtown Fort Worth, the Historic Southside is one of the oldest African American neighborhoods in the city. The neighborhood sits between Interstate 35W and Riverside Drive, bordered by Vickery Boulevard and East Rosedale Street.
A 2019 study by UT Southwestern found residents of the 76104 ZIP code had the lowest life expectancy (66.7 years) in Texas.
The urban village is planned to be a catalyst for revitalization. It will also coincide with the nearby National Juneteenth Museum, slated to open in 2027.
This story was originally published August 12, 2025 at 7:53 PM.
