Tropicana Building received $23.3 million in federal tax credits to build two low-income apartment buildings in Socorro, the El Paso company recently reported. The tax credits, awarded in late July by the Texas Department of Housing and Community Affairs, will be used to finance construction scheduled to begin in spring 2019 of the 96-unit Jaime O. Perez Apartments, with a total cost of about $12 million, and the 104-unit Nevarez Palms Apartments, with a total cost of about $13 million, reported Bobby Bowling IV, president of Tropicana Building. The complexes, expected to open in 2020, will be located on Nevarez Road in Socorro in El Paso County’s Lower Valley. Read Full Story

Founded in 1997, the Texas Affiliation of Affordable Housing Providers (TAAHP) is a non-profit trade association serving as the primary advocate and leading resource for the affordable housing industry in Texas. Our vision is to inspire and engage our members and stakeholders to end the affordable housing crisis in Texas.

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