NRP Group Breaks Ground on 297-Unit Affordable Housing in Denton

New Arbor Ranch development aims to expand income-restricted housing options in the city.

Apr. 1, 2026 at 5:07pm

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The NRP Group has started construction on Arbor Ranch, a new 297-unit affordable housing community in Denton, Texas, developed in partnership with the Denton Housing Authority. The project is positioned to expand income-restricted housing options in the city, with a specific focus on households earning a range of percentages of the Area Median Income.

Why it matters

Affordable housing is a critical need in many growing cities like Denton, where rising rents and home prices have priced out lower- and moderate-income families. This new development aims to address that demand by providing a range of unit sizes and income tiers to serve a diverse population.

The details

Arbor Ranch will feature a mix of one-, two-, three-, and four-bedroom apartments across nine three-story residential buildings on a 22-acre site. The amenity package is expected to include an outdoor pool, playground, barbecue and picnic areas, a children's activity room, and a community lounge. Truist Bank is providing a multi-faceted financing package, including a $68 million construction loan, $48 million in permanent financing, and a $33 million low-income housing tax credit equity investment.

  • Construction on Arbor Ranch has just begun.
  • The development is expected to be completed in 2027.

The players

The NRP Group

A real estate development and property management company that specializes in affordable and market-rate multifamily housing.

Denton Housing Authority

The local public housing agency that partnered with NRP Group on the Arbor Ranch development.

Truist Bank

A major financial institution that provided a multi-faceted financing package for the Arbor Ranch project, including construction and permanent loans as well as low-income housing tax credit equity.

David Hinson

A representative from Younger Partners who handled the land acquisition for the Arbor Ranch site.

Marty Neilon

A representative from Foundry Commercial who represented the seller in the land transaction for the Arbor Ranch site.

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What’s next

The Arbor Ranch development is expected to be completed in 2027, providing much-needed affordable housing options for Denton residents.

The takeaway

This new affordable housing project in Denton represents a collaborative effort between the private and public sectors to address the growing need for income-restricted housing options in the city. By leveraging a range of financing tools, including tax credits and agency-backed loans, the Arbor Ranch development aims to serve a diverse population of lower- and moderate-income families.