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San Antonio affordable housing complex to receive $36.6M in tax credits

​SAN ANTONIO – Pedcor Investments’ 336-unit affordable apartment complex has been approved to receive 4 percent housing tax credits from the Texas Department of Housing and Community Affairs.

The $36.6 million in tax credits will help them to finance development of Stones Crossing Apartment Homes at 23211 N. US 281, between Stone Oak Pkwy. and Northwind Blvd., over a ten-year period.

The $101.6 million multifamily rental community will be marketed to families earning 60 percent of the AMI. Rents will start at $979.

Stones Crossing will be developed in partnership with the San Antonio Housing Trust and is expected to be complete in June 2027.​