The NRP Group started work on Arbor Ranch, a 297-unit affordable housing project in the North Texas city of Denton. Truist Bank provided a $68 million construction loan for the project. Younger Partners brokered the sale of the land.
The site at 2820 Roselawn Drive spans 22 acres, and the development will consist of nine three-story buildings that will house one-, two-, three- and four-bedroom units and will be reserved for households earning between 30 and 70 percent of the area median income.
Amenities will include a pool, playground, barbecue and picnic areas, children’s activity room and a community lounge, and residents will also have access to various onsite social services.
The first units are expected to be available for occupancy early next year.
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