Notice of Public Meetings: Proposed Trails Apartments (Waco, TX)

Dear Neighbor,

Madhouse Development presents Trails Apartments, a proposed apartment community to be located at NWC of Gurley Ln. & S 21st St., Waco, McLennan County, Texas, 76706. Trails Apartments will be dedicated to serving working families in Waco.

Trails Apartments will be developed as a multi-story affordable apartment community and will be comprised of approximately 120 apartment homes, consisting of one-bedroom and two-bedroom apartments. Every apartment home will exceed the industry standard and incorporate energy efficient rated appliances including a frost-free refrigerator with icemaker, a self-cleaning oven, a microwave, a dishwasher, and garbage disposal. All apartment homes will have faux-wood vinyl plank flooring, modern countertops, and energy-efficient ceiling fans and lighting fixtures in the living and bedroom areas. The property will offer an attractive architectural design and feature an attached contemporary clubhouse with amenities for all residents to enjoy. An allocation of approximately $2.0 million in annual Housing Tax Credits from the Texas Department of Housing and Community Affairs (TDHCA) will lead to an approximate investment of over $22.2M into the community, which will generate numerous jobs and economic activity for the City of Waco, as well as provide much needed quality affordable apartments for the community. This apartment homes would target working families earning no more than 60% of the Area Median Income which is approximately $53,340 annually for a family of four.

Madhouse Development was established in 1999 by a group of housing and community development professionals who were segueing from local and state government to the private development sector. With almost 20 years of continuous success, Madhouse is a family business owned by Henry Flores and his son Henry IV and is well established in the multifamily housing industry, providing expertise in the areas of finance, development, construction and asset management of quality affordable and market-rate rental housing. For more information about Madhouse Development visit www.madhousedevelopment.net.

Madhouse Development will host two public meetings regarding this apartment community of this proposed site.

Meeting 1

Meeting Date & Time: January 13, 2026, 1:00PM

Meeting Location: South Waco Library

Address: 2737 S 18th St, Waco, TX 76706

Meeting 2

Meeting Date & Time: January 27, 2026, 5:30PM

Meeting Location: South Waco Library

Address: 2737 S 18th St, Waco, TX 76706

Madhouse is requesting a Resolution of Support from the City of Waco City Council, an acknowledgment letter confirming that our proposed development is located entirely within, and contributes to, TIF #4, and a $500 fee waiver for our TDHCA application for Trails Apartments. To submit questions or comments related to this proposed Housing Tax Credit development, please email to henry@madhousedevelopment.net.

Respectfully,

Enrique “Henry” Flores Authorized Representative of Avanti Trails, LP