SAN ANTONIO – Pedcor Investments’ 336-unit affordable apartment complex has been approved to receive 4 percent housing tax credits from the Texas Department of Housing and Community Affairs.
The $36.6 million in tax credits will help them to finance development of Stones Crossing Apartment Homes at 23211 N. US 281, between Stone Oak Pkwy. and Northwind Blvd., over a ten-year period.
The $101.6 million multifamily rental community will be marketed to families earning 60 percent of the AMI. Rents will start at $979.
Stones Crossing will be developed in partnership with the San Antonio Housing Trust and is expected to be complete in June 2027.