SAN ANTONIO — Cleveland-based developer The NRP Group has completed Los Arcos at Vida, an $81 million affordable housing project in San Antonio. Located within the 600-acre Vida master-planned development, Los Arcos at Vida consists of 324 apartments, which are reserved for households earning between 30 and 70 percent of the area median income.
Units come in one-, two, three- and four-bedroom floor plans. Community amenities include a pool with a sundeck, barbecue grills and picnic areas, a conference center and cybercafé, activities room, community garden, playground and laundry facilities.
The development was financed in large part by $36 million in tax credits issued by the Texas Department of Housing & Community Affairs. According to the project team, Los Arcos at Vida is the first newly constructed affordable housing community in San Antonio to be funded and break ground through the 2022–2027 City of San Antonio Housing Bond Program.