Real Estate Roundup
by Tricia Lynn Silva

Stonehouse
Mexican American Unity Council Inc. (MAUC) recently broke ground on its latest tax-credit multifamily development. Stonehouse Apartments will be a 248-unit development located at 4950 Woodstone Drive on the city’s Northwest Side. Residents who qualify to live here will have plenty of options to choose from; the project will include 10 two- and three- story, garden-style buildings. Five different floor plans will be offered; Stonehouse will also include a full-service clubhouse, a swimming pool and an office facility.

The project is being financed by the San Antonio Housing Finance Corp./Multifamily Housing Review Board. The Texas Department of Housing and Community Affairs is providing the tax credits. MAUC will serve as the sole general managing partner for SAVJ Woodstone LP, which will have 100 percent ownership in Stonehouse.

Other partners on the project include GMAT II Developers, MMA Financial LLC, Chiles Architects and Galaxy Builders.