LAREDO - La Terraza, an affordable housing community located in South Laredo, officially opened its gates. The complex features 128 one-to-four-bedroom units, a clubhouse, a resort-style pool and a classroom for after-school programs. The complex has already reached 98 percent prelease capacity.
The $17 million project was completed in under a year and is the fruit of a partnership among the city’s Laredo Public Facilities Corporation, Ejido Holdings and NRP Group. The city used federal grant money to fund the project while NRP secured $16 million in private investments.
NRP group has partnered with local organizations to provide after-school programs where students are assisted with homework.
See 'New units filling up fast in South Laredo' from NewsTalk Texas.
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