The construction will provide jobs for over 200 El Paso area workers, and housing for 80 low-income families, as well as providing much needed property tax revenue, sales tax revenues and other fees to the city of Socorro, that has worked in partnership with Tropicana to help bring these much-needed units to the area. The $16 million development will be constructed at 1080 Horizon Boulevard in Socorro, Texas, near North Loop Drive, and is expected to be completed and ready for occupancy sometime in 2024.

109 or e-mail at Building announced today that on July 28th, the Board of Governors of the Texas Department of Housing and Community Affairs, unanimously approved an award of $11 million in low-income housing tax credits for their proposed Fiesta Palms Apartments. “Randy and I are pleased to continue to grow our portfolio.” said Bobby Bowling IV, “Overall, what this means for the El Paso community is more affordable housing for hard-working families, job creation and tax revenues that have helped to improve the neighborhoods where we all live.”įor more information, or to schedule an interview with Bobby Bowling IV, please call Maria Schneider at During that time frame (since 2001) Tropicana has been the most successful applicant in the Low Income Housing Tax Credit program in the state of Texas, winning at least one competitive funding award each year since 2001, with 38 total funding awards. Tropicana Building, also owned by Bobby and Randy Bowling, has brought over $300 million in federal tax credit funding to the El Paso region as well as over $500 million in apartment construction work to their hometown since 2001. For more information, visit .Įl Pasoans Bobby and Randy Bowling, who own Tropicana Homes and its related entities, announce today the formation of a new company called “The Tropicana Tax Credit Investment Fund, LLC.” The purpose of the new company will be to invest in Tropicana’s own Low Income Housing Tax Credits, as well as to make other strategic investments in Low Income Housing Tax Credits, primarily throughout El Paso County.

An activity director will organize special events and activities for the community’s residents.įloorplans from the homebuilders will be available online soon, according to the news release. When finished, Campo del Sol will include 9,500 homes, an elementary and middle school, 135 acres of recreational land with trails and parks, and 300 acres of commercial development.ĭescribed in marketing materials as “Like a vacay every day!” the community will have resort-style amenities, according to a news release, including a four-acre outdoor aquatic center with a lazy river, a children’s splash pad, swimming pool, grass areas and a food truck park. “These homebuilders maintain sterling reputations of homebuilding excellence throughout the El Paso real estate market, and we are excited to partner with them as we build El Paso’s first true master-planned community,” James Feagin, CEO of Scarborough Lane Development, said in a news release.Ĭonstruction will take place off I-54, near the eastern slope of the Franklin Mountains and Painted Dunes Golf Course. In Phase 1 of the project, they will build more than 2,500 houses with prices that begin in the low $200,000s.įranklin Mountain Communities has partnered with Dallas-based Scarborough Lane Development to take Campo del Sol from conception to completion. digital editorįranklin Mountain Communities, a company led by El Paso investor Paul Foster, has announced the homebuilders that will construct thousands of houses in its planned Campo del Sol community.Ĭlassic American Homes, Desert View Homes, Edwards Homes and Tropicana Homes have been selected to build the houses in the master-planned community, which will be developed on 2,300 acres of vacant land in far Northeast El Paso.

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