SAN ANTONIO – Cleveland-based affordability housing developer NRP Group has broken ground on Los Arcos, a 324-unit affordable housing community. It will be in the 600-acre VIDA mixed-use development.
Residences will be reserved for those earning between 30 and 70 percent of the area median income.
Amenities will include a pool, fitness center, community garden, business center, clubhouse lounge, children’s activity room, and playgrounds.
The Texas Department of Housing & Community Affairs provided $36 million in Low-Income Housing Tax Credits (LIHTC) for the project’s financing.
Los Arcos is slated for a late 2024 completion.