SAN MARCOS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Capital Area Housing Finance Corporation (CAHFC), announced the opening of Centro35, a 330-unit affordable housing community in San Marcos, Texas. The development provides high-quality, amenity-rich housing to residents earning up to 60 percent of the Area Median Income (AMI).
San Marcos is at the heart of one of the nation s fastest-growing corridors, and we recognize Central Texas as a critical area for investment, said Max Whipple, Vice President of Development at The NRP Group. Centro35 reflects our commitment to addressing the area s affordable housing needs while providing residents convenient access to job markets along I-35.
Located at 508 Labrador Boulevard, just off the central I-35 corridor, this development offers convenient access north to Austin and south to San Antonio. Within a ten-mile radius are major employment hubs in San Marcos, including the Amazon Fulfillment Center, Texas State University, and one of the largest Tanger Outlet Malls, providing residents with ample nearby job opportunities.
Centro35 is a testament to our mission to provide quality affordable housing for working families and young professionals in San Marcos, said Jim Shaw, Executive Director at Capital Area Housing Finance Corporation (CAHFC). With this project marking our fifth partnership with The NRP Group, we re proud to play a pivotal role in fostering vibrant communities where residents have access to comfortable, affordable homes that meet their needs.
Centro35 will accommodate both working professionals and growing families, with floorplans that include one-to-four-bedroom units. In partnership with the nonprofit Community Housing Resource Partners, Centro35 has a dedicated activity room to host resident services such as health screenings, after-school programming, financial literacy training, a first-time homebuyer program, English as a Second Languages courses and more.
The development will feature best-in-class amenities including a resort-style swimming pool, 24-hour fitness center, and conference center with individual work pods for remote work. Additionally, family-friendly amenity spaces will include a children s activity room and a game room.
As San Marcos continues to grow, it is essential that we provide affordable housing options for all members of our community, said Hays County Commissioner Debbie Gonzales Ingalsbe. Centro35 offers more than just housing—it delivers vital services and amenities like family-friendly gathering spaces, ensuring residents have everything they need right at their fingertips. Developments like this strengthen our community by further fostering a thriving community.
This fully affordable housing community was financed with tax credit equity from Huntington Community Development Corporation and permanent financing provided by Bellwether Enterprises and Deutsche Bank.
The NRP Group has developed more than 30,000 units in Texas. Centro35 is the company s third development in the City of San Marcos, comprising nearly 1,000 units.