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Pedcor Investments planning affordable multifamily in Stone Oak

SAN ANTONIO – Indiana-based Pedcor Investments plans to build a 336-unit affordable apartment complex, Stones Crossing Apartment Homes, at 23211 N. US 281.

They will receive 4 percent housing tax credits from the Texas Department of Housing and Community Affairs, garnering $36.6 million in financing over a ten-year period.

The $101.6 million complex will have units marketed to families earning 60 percent of the AMI. Monthly rents will start at $979.

Stones Crossing will be developed in partnership with the San Antonio Housing Trust. It’s estimated for completion in June 2027.​