Tropicana Building, one of the largest home and apartment builders in El Paso, Awarded $11 million in Low-Income Tax Credits, Once Again Creating Jobs and Generating Tax Revenues to Improve El Paso’s Infrastructure
August 1, 2022
Tropicana 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. 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. 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 award is Tropicana’s 38th competitive 9% tax credit award since 2001—the most in the state of Texas during that time frame. Tropicana Building is owned by Bobby and Randy Bowling and has brought over $300 million in funding through federal tax credits to the El Paso region as well as over $500 million in apartment construction work to their hometown since 2001.
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July 19, 2023
LOCAL Small Town Spotlight: Vinton/Westway by: Tawny Davis
Posted: Jul 19, 2023 / 11:19 AM MDT
Updated: Jul 19, 2023 / 05:28 PM MDT
VINTON, Texas (KTSM) – The Village of Vinton was established in 1961 and has hundreds of families that have called it their home. However, the lack of water and sewer infrastructure has plagued the community, forcing them to go to great lengths in order…
July 6, 2023
Michael Gonzalez, one of the recipients of the Tropicana Properties series of scholarships awarded in 2022, has graduated with honors from the Western Tech Welding Program. Back in November 2022, Tropicana Properties awarded two residents with over $60,000 in scholarships to attend Western Community College. The recipients, Michael Gonzalez who just graduated and Richard Oquendo were each…
November 3, 2022
Tropicana Properties awarded two residents today with over $60,000 in scholarships to attend Western Tech College. The recipients, Michael Gonzalez, resident at Castner Palms and Richard Oquendo, resident at Patriot Palms, were each presented with their checks by Bobby Bowling IV and Randy Bowling, owners of Tropicana Properties. The company announced it will additionally award four more…
