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NRP Starts Work on 297-Unit Denton Affordable Housing Community

The NRP Group broke ground on the 297-unit Arbor Ranch affordable housing community in Denton in partnership with the Denton Housing Authority. Truist Bank provided financing for the project, includin

Summary

The NRP Group broke ground on the 297-unit Arbor Ranch affordable housing community in Denton in partnership with the Denton Housing Authority.

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...

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