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Affordable apartments coming to San MarcosAffordable apartments coming to San Marcoshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265702021-10-01T05:00:00Z2021-10-01T15:00:00Z

​​SAN MARCOS – Mission Development Group LLC, in partnership with the San Marcos Housing Authority, is developing The Lantana, a 216-unit affordable multifamily project. 

The project will be on ten acres at the intersection of Rattler Rd. and Old Bastrop Hwy.​​ It will have eight buildings with one-, two-, and three-bedroom floor plans. 

Most of the units—163—will be reserved for residents earning 30 to 60 percent of the area median​ income. 

Leasing starts in August or September 2022.

CPC Mortgage Company LLC provided a $​30 million construction loan. 

​The project team includes B&A Architects Inc., architect; Concept Builders, general contractor; and KFW Engineers, civil engineer.

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