It's EZ being green here! Emerald Village’s affordable rents in N. San AntonioIt's EZ being green here! Emerald Village’s affordable rents in N. San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119142016-02-01T06:00:00Z2016-02-01T20:00:00Z

​SAN ANTONIO - It just opened its doors, and nearly all of the 144 units in The NRP Group's newest multifamily development are already spoken for.

On the northern rim of Loop 1604 at Bulverde Rd., Emerald Village fits right along with the rest of the new housing stock in the fast-growing area. 

But one look at its rents quickly sets it apart.

There are many employers in Far North San Antonio—Cavender Auto, Allstate Insurance, Judson School District, Enterprise, H-E-B. And chances are their employees won't be able to afford anything within the affluent submarket, where rents have surpassed the citywide average of $937 a month.

NRP Senior Vice President Dan Markson said there is a severe shortage of affordable housing, including single-family homes, in the northern part of the city. And while there has been plenty of new multifamily development in the area, little or none of it qualify as affordable.

Even while construction was underway, 130 of the 144 units were preleased, underscoring the high demand for more accessibly priced housing.

The $22.4 million Emerald Village—which received $15 million in housing tax credits from the Texas Department of Housing and Community Affairs along with local HOME funds from the City of San Antonio—includes one-, two-, three- and four-bedroom floorplans, catering to single tenants and families.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/01/27/nrps-first-and-possibly-only-affordable-apartment.htmlRead more at the {Source}

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