NRP Group and Denton Housing Authority Break Ground on Arbor Ranch Two Hundred Ninety Seven Unit Affordable Community Serving Households at Thirty to Seventy Percent of Area Median Income
The NRP Group and the Denton Housing Authority have closed financing and broken ground on Arbor Ranch, a 297-unit affordable housing community in Denton, Texas. The development will serve households earning between 30 percent and 70 percent of Area Median Income and is intended to expand attainable housing options in a rapidly growing Denton submarket.
Arbor Ranch will sit on a 22-acre site at 2820 Roselawn Drive just off Interstate 35. The property places residents within walking distance of Denia Park and its recreation center and the newly rebuilt Borman Elementary School, and within short driving distance of downtown Denton, the University of North Texas and Texas Woman s University. The site is approximately 30 minutes from downtown Fort Worth and 45 minutes from downtown Dallas, linking residents to the broader Dallas-Fort Worth employment base. Nearby development includes the Eagle Creek master-planned residential community.
“This groundbreaking is a testament to the strong collaboration of our public and private sector partners who are all deeply committed to increasing available high-quality, affordable housing for the residents of Denton, said Nick Walsh, Vice President of Development at The NRP Group. We are building on our previous work in the community with the development of Arbor Ranch, our most modern, Class-A affordable product to date, placing residents close to employment centers, education and everyday amenities in one of the city s most strategic locations.
Designed to accommodate working professionals and growing families, Arbor Ranch will deliver a mix of one- through four-bedroom residences across nine three-story buildings. Onsite amenities will include an outdoor pool, playground, barbecue and picnic areas, a children s activity room and a community lounge. Resident services will be provided onsite, including after-school programming aimed at supporting families and promoting long-term stability.
“As Denton continues to experience rapid growth, ensuring that we have diverse and attainable housing options at a range of income levels is critical to sustaining our economic momentum, said Sherri McDade, CEO of the Denton Housing Authority. By expanding housing availability near key employment hubs, we re ensuring that Denton remains a competitive and thriving community for years to come.
Truist Bank led financing for the project: a $68 million construction loan, $48 million in permanent financing through Grandbridge Real Estate Capital, and a $33 million low-income housing tax credit equity investment. The permanent financing was secured through a forward rate lock under Freddie Mac s Tax-Exempt Loan program to provide long-term rate stability.
” Complex transactions like this require clear execution and tight coordination between our clients and our internal teams, said Kathy Farrell, Head of Truist Asset Finance. Securing financing certainty early was a critical step in positioning the development for long-term success. We re proud to help bring high-quality, affordable housing to this growing part of North Texas.”
The NRP Group has an ongoing presence in the Dallas-Fort Worth market, with nearly 7,000 units across more than 30 properties. Construction of Arbor Ranch is underway, with first units anticipated in early 2027. Multifamily Leadership will continue to track developments that expand attainable housing and connect residents to jobs, education and community services.