CLIENT SUCCESS STORY

Fort Worth Housing Solutions

Fort Worth Housing Solutions helps low- to moderate-income residents of Fort Worth, Texas, improve their lives with rental and homeownership opportunities.

    double_quotes

    In-depth property and neighborhood information from Yardi Matrix helps us make decisions quickly and confidently. That efficiency supports our mission to provide much-needed affordable housing for our city.

    Thaddeaus Green

    Vice President, Development & Asset Management, Fort Worth Housing Solutions

The benefits

In-depth information on properties and neighborhoods from Yardi Matrix enables Fort Worth Housing Solutions to monitor its portfolio’s performance and evaluate new opportunities for affordable housing management and construction projects.

The company

Fort Worth Housing Solutions uses in-depth information on properties and neighborhoods from Yardi Matrix to monitor its portfolio’s performance and evaluate new opportunities.

The challenge

Deeper information needed for business expansion

In 2024, Fort Worth Housing Solutions elected to undertake construction projects in addition to its affordable housing management operations. Succeeding in both business areas required more vetting than the organization was capable of performing.

“Our in-house business intelligence solution wasn’t capable of delivering the in-depth information about occupancy, rental history, amenities and the presence of other affordable housing in the area that we need to determine if a construction or acquisition deal is right for us,” recalled Thaddeaus Green, vice president of development and asset management for Fort Worth Housing Solutions.

The solution

Yardi Matrix

Fort Worth Housing Solutions adopted Yardi Matrix, a business intelligence solution that provides comprehensive information on affordable housing properties’ occupancy history, financial performance, amenities and rental history, along with comparable performance in the area.

The story

Fort Worth Housing Solutions regularly receives invitations to participate in projects to acquire, build or convert properties.

“In evaluating a proposal, we need to determine if there’s a need for affordable housing in the neighborhood, make sure a new project would not oversaturate a market within a three, seven or 10-mile radius, and really get under the tent to see the details of a property, clear down to its age and architectural style. We could not reliably obtain this information before Matrix,” Green said.

He added, “With Matrix, we’re able to get to ‘Yes’ or ‘No’ on a proposed project quickly. We can see, for example, that a property’s occupancy has trended downward for two years so we don’t need to spend time and resources pursuing an acquisition. This type of information also helps us evaluate the performance of our existing portfolio.”

In other cases, Green said, “Matrix helps us see if an area lacks affordable properties so our presence there wouldn’t overload a given district. That insight benefits residents as well as our organization because we can be more strategic in our planning and execution and focus on providing housing where it’s needed.”