Originally constructed in 1972, the aging Roosevelt Apartments has been redeveloped through a partnership between Housing Opportunities Management Enterprises (HOME) and Pennrose. All buildings and units received extensive interior and exterior improvements and new, up-to-date electrical, mechanical and plumbing systems. The community is now known as Sun Pointe and includes 146 units with one-, two- and three-bedroom apartments, in addition to various community amenities.
At the center of the development is a large community building containing: a community room with a warm-up kitchen and covered patio, a theater room, a suite for on-site property management and a laundry room. During the renovation, several recreational amenities, were also added, including a fenced sports court and two new tot-lots. Locational amenities are vailable to residents, as the site is within easy walking distance to retail, including Walmart, CVS Pharmacy, and various fast casual restaurants. Additionally, the site is across the street from the Texas Department of Public Safety and the Sun City Child Development Center, while both the JM Whitaker Elementary School and the Western Technical College - Diana Campus are less than 1.5 miles from the development.
Sun Pointe was successful in securing an award during the 2021 TDHCA 9% application round,and finished construction in Fall of 2024. Much of the funding for the project came from tax credit equity from RBC Capital Markets. Other funding sources for the project included a construction loan from JP Morgan and gap loan from HOME.