WICHITA, KAN. — The Annex Group is underway on the construction of Union at Purple Heart Trail, a $61 million affordable housing project in Wichita. Purple Heart Trail will consist of 240 apartments across two four-story buildings. Units will be available to households earning at or below 60 percent of the area median income.
Planned amenities include a community center with a fitness center, media center, business center, outdoor gazebo, playground, dog park, walking path and picnic areas. Construction is slated to complete in early 2026.
The development team for Union at Purple Heart Trail also includes: HDJ as the architect; Baughman for civil engineering, surveying and planning; and Summit LIHTC Consulting. The City of Wichita provided incentives and $45.4 million in tax-exempt bonds to the project. Kansas Housing Resources Corp. issued the tax credit award.
Aegon Asset Management provided $26.8 million in federal tax credit equity and $18.4 million in state tax credit equity, and Bank of America provided $45.5 million in construction financing. Merchants Capital provided $14.4 million for the project.