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$21M senior apartment complex coming to Cibolo$21M senior apartment complex coming to Cibolohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=176242017-09-05T05:00:00Z2017-09-05T20:45:00Z

​​​Architects rendering of the El Sereno project in Cibolo, Tx, just outside of San Antonio on the north-west side.CIBOLO, BEXAR COUNTY – A new $21 million apartment complex for seniors—El Sereno—will soon be underway.

As an affordable community, El Sereno was awarded $1.5 million in annual tax credits over ten​ years by the Texas Department of Housing and Community Affairs. 

The 136-unit senior community will include 99 one-bedroom apartments and 37 two-bedroom apartments, with 119 units dedicated to seniors earning 30 to 60 percent of the area median income, while the remaining 17 units will be offered at market rate.

Dallas-based Casa Linda Development and Los Angeles-based Highridge Costa Housing will co-develop the project.

​​The project's groundbreaking has been delayed due to Hurricane Harvey.

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
https://www.bizjournals.com/sanantonio/news/2017/08/29/21-million-apartment-complex-for-seniors-coming.html

​​Check out San Antonio-New Braunfels Multifamily Market Research.

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