Bobby and Randy Bowling, Owners of Tropicana Homes, Announce Formation of “The Tropicana Tax Credit Investment Fund, LLC.”
August 15, 2022
El 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. 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. 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. “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.”
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For more information, or to schedule an interview with Bobby Bowling IV, please call Maria Schneider at (915) 321-3550 ext. 109 or e-mail at m.schneider@tropicanahomes.com
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Today marked a special moment in Far East El Paso as Tropicana Homes, alongside Habitat for Humanity and Home Depot, proudly broke ground on a new home that will soon belong to a deserving local family.
The new home, located in the Tres Sueños subdivision, will be built through the generosity of local contractors and vendors who are donating their time, talent, and materials. The lot itself…
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El Paso, TX- January 31, 2024- Tropicana Homes awarded over $94,000 in scholarships to three residents of Tropicana Properties, fully covering their tuition for technical degrees in welding, automotive mechanics, and HVAC maintenance and repair at Western Tech College. Since 2022, Tropicana has provided seven scholarships to deserving students, reinforcing their commitment to empowering El…
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On Monday, September 23rd, 2024, Tropicana Properties welcomed Richard Monocchio, Principal Deputy Assistant Secretary for the U.S. Department of Housing and Urban Development (HUD), to El Paso as part of a collaborative initiative between HUD and the National Apartment Association (NAA). This visit marked an important stop on a nationwide roadshow celebrating the 50th anniversary of the…
