El Paso's first mixed-income complex opens
POSTED: Thursday, August 14, 2014 - 8:23pm
UPDATED: Friday, August 15, 2014 - 4:41pm
El Paso, TX (KTSM) — El Paso's first mixed-income, mixed finance apartments opened Thursday.
Eastside Crossing celebrated the grand opening of its 188 energy efficient apartments.
The project is a combined effort between the Housing Authority of El Paso (HACEP), Hunt Companies, and Investment Builders, Inc.
64 of the apartment units are public housing, 79 are affordable housing, and 45 are at market rate.
"This is about putting people who are working next to people who are trying to get jobs in an area where there are jobs and so that you break the cycle of public housing. People use the assistance for what they need to use it for and they move on," said Gerald Cichon, CEO of HACEP.
The complex costs $22 million to build, and includes amenities such as a pool, playground, and a fitness center. It's located on Zaragoza between Vista Del Sol and Saul Kleinfeld.