FTK Completes $13.6MM LIHTC Renovation in Dallas

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ALLEN, Texas--(BUSINESS WIRE)--Feb 18, 2026--

FTK Construction Services, a nationwide General Contractor specializing in Affordable Housing/LIHTC projects, is pleased to announce the completion of the rehabilitation at West Virginia Park, a 204-unit property located in Dallas, Texas. The Grand Reopening ceremony celebrating this event was held on January 22, 2026, and was attended by April Housing leadership, Blackstone Real Estate, PNC Bank, and the City of Dallas. The property was originally built in 2004 and features one, two and three bedroom apartments. The value of the contract is $13,687,175. The lender for the project is PNC Multifamily Capital.

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FTK Construction Services is pleased to announce the completion of the renovation at a property in Dallas, Texas. Photographer: Joe Hernandez Photography

The owner of the property is April Housing, a Blackstone Real Estate portfolio company. April Housing is one of the largest owners and preservers of affordable housing in the US. Since 2024, the company has successfully completed the preservation of more than 3,000 affordable homes across the country.

The renovations completed by FTK focused on April Housing’s goal of improving the overall resident experience across the property’s common spaces and 204 residential units, including:

• Interior renovations of fresh paint, new cabinetry, new countertops, new plumbing fixtures and appliances, new flooring, new lighting fixtures, new hot water heaters and HVAC replacements in the Leasing Office building and units.
• Exterior renovations with new vinyl siding, new paint, fresh paving, and landscaping improvements.
• Enhanced and updated playgrounds, pool, and gym facilities.
• The installation of rooftop solar for more efficient electricity usage.

"Housing is such a critical, life-altering part of stabilizing a community,” said Mark Frazier, FTK’s Chief Operating Officer. “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."

About FTK Construction Services

FTK Construction Services is a premier nationwide full-service General Contractor, with three divisions of Multifamily expertise: Affordable Housing/Low-Income Housing Tax Credit (LIHTC) preservation projects, Multifamily Renovations and Disaster Services/Insurance related property damage restoration projects. FTK has completed or has in-process projects in 36 states to date, with over 7,500 rehabbed LIHTC units and over 30,000 total units completed in the last 25 years. To learn more, visit our website at ftkconstructionservices.com, and follow us on LinkedIn and Instagram.

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KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: INTERIOR DESIGN PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE INSURANCE CONSTRUCTION & PROPERTY LANDSCAPE

SOURCE: FTK Construction Services

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PUB: 02/18/2026 01:39 PM/DISC: 02/18/2026 01:39 PM

http://www.businesswire.com/news/home/20260218724637/en