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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