NRP Starts Work on 297-Unit Denton Affordable Housing Venture

The NRP Group, in partnership with the Denton Housing Authority, started work on Arbor Ranch, a 297-unit affordable housing community in Denton, Texas. The development will provide homes to families earning between 30% and 70% of the Area Median Income (AMI).

Truist Bank provided financing for the project, including a $68 million construction loan, $48 million in permanent financing through its wholly owned subsidiary, Grandbridge Real Estate Capital, and a $33 million low-income housing tax credit equity investment.

Located at 2820 Roselawn Drive just off Interstate 35, Arbor Ranch will feature a mix of one- through four-bedroom residences across nine three-story buildings on a 22-acre site. Residents of Arbor Ranch will have access to a full suite of amenities, including an outdoor pool, playground, barbecue and picnic areas, children’s activity room and community lounge. Onsite resident services, including after-school programming, will be provided to support families and promote long-term stability.

Construction of Arbor Ranch is now underway with first units anticipated in early 2027.