Nova Lofts

Nova Lofts is a 65-unit affordable multifamily development in San Antonio, TX. Located near a multitude of essential businesses and employers and public transit to ensure access to convenient, wraparound services and job opportunities for residents, the community offers one to three-bedroom floorplans to serve residents earning 30 to 60% of the Area Median Income (AMI). Amenities within the four-story complex include a playground, fitness center, community clubhouse and more. In collaboration with Andy Benavides, President of Benavides Studios and Executive Director of S.M.A.R.T, The NRP Group has dedicated a portion of the development budget toward the commission of a site-specific mural by San Antonio artists, Hailey Marmolejo, Danielle Edwards and Ashleigh Valentine Garza. The addition of the mural, which is inspired by the celestial theme of the property, also extends the momentum of the Downtown arts and culture movement and the Broadway Cultural Corridor further north along Austin Highway. This expansion provides the community the opportunity to engage with public art right in their own backyard. Nova Lofts was made possible through innovative funding partnerships including a $3 million allocation from the City of San Antonio’s Affordable Housing Bond, State of Texas competitive 9% low-income housing tax credits, and private partners like U.S. Bank.