About Us

About FishPond Development

FishPond Development is a multifamily developer and investor of affordable housing founded by David Fournier in 2017. In its first year, FishPond received its first two 9% Low-Income Housing Tax Credit (LIHTC) awards from the Texas Department of Housing and Community Affairs: FishPond at Cuero, a 48-unit senior community in Cuero Texas, and FishPond at Portland, a 60-unit senior community in Portland, Texas.

Both properties were successfully completed and well received by the communities. In 2021, the Company completed and stabilized another 48-unit senior affordable LIHTC community in Huntsville, Texas.

FishPond has stabilized the project of FishPond at Corpus Christi, an $18 million, 112-unit senior community in Corpus Christi, Texas.

The development was financed using tax exempt bonds, 4% LIHTC, and a Section 8 housing subsidy. The development, which has a complicated multi-layered financing structure, received tremendous community support as it relocates senior and disabled residents from an existing 1920’s structure in poor condition and functionally obsolete to a new four-story over podium Class A building.

FishPond recently completed a 69-unit multi-story senior housing community in Alice Texas on the site of former Alice Hospital. The Hospital sat vacant for 20+ years after several failed attempts at renovation or demolition. The total development budget for FishPond Alice was $12 million.

FishPond continues to go above and beyond, looking to utilize LIHTC, Historic Tax Credits, and various forms of unique funding to produce affordable spaces for communities.

Our Impact

As a multifamily developer and investor of affordable housing, we have made significant strides in addressing the growing affordable housing crisis. Our work is closely tied to the Community Reinvestment Act (CRA), a federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

The Low-Income Housing Tax Credit (Housing Credit) is our nation’s primary tool to produce and preserve affordable rental housing. It has financed the development of 3.6 million affordable homes since its inception in 1986. While the Housing Credit finances virtually all new affordable housing, the CRA motivates the vast majority of these investments. In 2021, total Housing Credit investment reached $22.4 billion, an estimated 84.8% – or $19 billion – of which came from banks motivated by CRA requirements.
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Our Commitment

We understand the critical role that Community Reinvestment Act plays in driving Housing Credit investment. The influence of CRA on Housing Credit investment can be seen in Housing Credit pricing, which determines the amount of equity invested into Housing Credit properties. As a result, properties with low CRA demand can receive less equity for the same amount of Housing Credits in comparison to properties with the highest CRA demand, rendering many properties with low CRA demand tend to be financially infeasible. It is our mission to make these feasible and produce high standard affordable spaces.

Meet the Team

David Fournier

Principal

Lisa Vecchietti

Development

Chele Robinette

Development Assistant

Christopher Lowder

Development Associate

What types of floor plans are available at FishPond Living?

FishPond Living offers a variety of floor plans to suit your needs, including spacious one and two-bedroom options. Each unit is designed for comfort, style, and practicality, with features like vaulted ceilings, modern kitchens, and large walk-in closets.

Yes, we are a pet-friendly community! We welcome your furry friends and even have a dedicated dog park for them to enjoy. Please inquire about our pet policy for details on breed restrictions and fees.
Residents can enjoy a range of amenities including a swimming pool with beach entry, a fitness center, a business center with free Wi-Fi, outdoor seating areas, and a community garden. Our clubhouse also features sitting areas and a kitchen for community events.

Yes, FishPond Living is a gated community, providing residents with added security and peace of mind.

To apply for a unit, please visit our website fishpondliving.com or contact our leasing office directly at the provided phone number or email. Our team will guide you through the application process.
Water and sewer are included in the rent. Residents are responsible for other utilities like electricity and internet. For more detailed information, please contact our leasing office.

Yes, FishPond Living offers ample parking for residents and their guests. Covered parking options are also available. Please contact our leasing office for more details on parking facilities and availability.

Schedule a tour Today

Ready to experience FishPond Living for yourself? Contact us today to schedule a tour of our beautiful community. Our friendly staff will be happy to show you around and answer any questions you might have. Discover the difference a truly caring community can make in your life.

Contact us