The NRP Group, a leading developer, builder, and manager of multifamily housing, in partnership with the Capital Area Housing Finance Corporation (CAHFC), announced the grand opening of Centro35, a 330-unit affordable housing community in San Marcos, Texas. This development provides high-quality, amenity-rich housing to residents earning up to 60% of the Area Median Income (AMI).
“Centro35 represents our continued commitment to providing affordable housing in Central Texas, one of the nation’s fastest-growing regions,” said Max Whipple, Vice President of Development at The NRP Group. “This project meets the area’s critical affordable housing needs while offering residents easy access to job markets along the I-35 corridor.”
Located at 508 Labrador Boulevard, just off I-35, Centro35 offers convenient access to Austin to the north and San Antonio to the south. Within a ten-mile radius are major employers such as the Amazon Fulfillment Center, Texas State University, and the Tanger Outlet Mall, providing residents with ample job opportunities.
Jim Shaw, Executive Director of CAHFC, added, “This partnership marks our fifth collaboration with The NRP Group. We are proud to help create vibrant communities that provide comfortable, affordable homes for working families and young professionals in San Marcos.”
Centro35 offers a variety of floorplans, including one-to-four-bedroom units, and features a dedicated activity room offering health screenings, after-school programs, financial literacy training, and more, in partnership with Community Housing Resource Partners.
The development boasts a range of top-tier amenities, including a resort-style swimming pool, 24-hour fitness center, and a conference center with remote work pods. Family-friendly amenities include a children’s activity room and game room.
Hays County Commissioner Debbie Gonzales Ingalsbe emphasized, “As San Marcos continues to grow, providing affordable housing options like Centro35 is essential. It not only provides homes but vital services and amenities that strengthen the community.”
Centro35 was financed with tax credit equity from Huntington Community Development Corporation and permanent financing from Bellwether Enterprises and Deutsche Bank. The NRP Group has developed over 30,000 units in Texas and nearly 1,000 units in San Marcos alone.
About The NRP Group
The NRP Group is a vertically integrated developer, builder, and manager of multifamily housing, committed to creating exceptional rental communities for individuals and families. Since 1994, NRP has developed over 60,000 apartment homes and currently manages more than 25,000 units. The company is consistently ranked among the top developers and builders in the U.S. and has received multiple awards for its excellence in multifamily housing development.
About the Capital Area Housing Finance Corporation (CAHFC)
Established in 1981, CAHFC addresses workforce housing needs in Central Texas. The organization provides single-family homeownership and multifamily rental opportunities for households meeting certain income requirements across several counties, including Hays and the City of San Marcos. CAHFC has issued approximately $2 billion in mortgage revenue bonds to promote homeownership and provide high-quality rental housing.
