Two affordable housing projects underway in San Marcos Two affordable housing projects underway in San Marcos https://www.recenter.tamu.edu/news/newstalk-texas/?Item=238792020-02-13T06:00:00Z2020-02-17T21:00:00Z

Rendering of Lantana on Bastrop SAN MARCOS – The city has approved the first two developments in its affordable housing plan​.

Mission DG and the city are developing the 216-unit Lantana on Bastrop at the intersection of Old Bastrop Hwy. and Rattler Rd.

LDG Development is developing the 296-unit Redwood multifamily project.

​​Construction begins on Redwood in the fall. Both developments will be complete in 2022.​

In exchange for tax credits, Redwood developers will pay the city $75,000 per year. The Housing Authority will get about $1.4 million from Lantana over the first four years, and the city will get $11,000 per year.

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