Cleveland-based multifamily developer the NRP Group has delivered Centro35, a 330-unit affordable housing community in San Marcos, located roughly midway between Austin and San Antonio.
Centro35 offers one-, two-, three- and four-bedroom units that are reserved for households earning 60 percent or less of the area median income. The amenity package comprises a pool, a fitness center, a conference center with individual work pods, a children’s activity room and a game room. NRP Group developed the property in partnership with Capital Area Housing Finance Corporation.
The fully affordable housing community was financed with tax credit equity from Huntington Community Development Corp. and permanent financing provided by Bellwether Enterprises and Deutsche Bank.
