248 Brand New, Budget-Friendly Apartment Homes to Be Built in San Antonio
June 2026 – Indianapolis, IN – Cactus Trails is a new construction apartment community located on the northwest side of San Antonio, Texas. With 248 apartment homes, this senior community will serve residents aged 55 and older, with rents set at 60% of the Area Median Income (AMI). This expanded access to housing that fits seniors’ fixed income helps stabilize households, reduce housing insecurity, and supports greater economic mobility.
Cactus Trails will offer a mix of one- and two-bedroom floor plans spread across four interior-corridor buildings. Planned amenities include a clubhouse, fitness center, business center, activity space, library and dog park.
The ability to age-in-place is critical to the physical and mental health of seniors. In 2021, the AARP found that when given the choice, 77% of adults over 50 preferred the option to age in place. Being able to stay in the community where they have put down roots allows people to remain active and independent as they are familiar with their surroundings, have a better understanding of area services, and have maintained their social connections.
“Cactus Trails will provide San Antonio seniors with high-quality, affordable housing that allows them to remain in the communities they know and value,” said Carly Zink, Development Director. “By offering attainable housing options, residents can stay connected to their families, support networks, and essential services as they age.”
These community benefits are made possible through a strong public-private financial partnership. It is financed with tax-exempt bonds from Bexar Management and Development Corporation (BMDC), 4% housing tax credits from the Texas Department of Housing and Community Affairs (TDHCA), a construction loan from Merchants Bank of Indiana, a permanent loan from Merchants Bank/Freddie Mac, and tax credit equity from Merchants Capital Investments, LLC.
About Kittle Property Group
With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 16 states, and invested capital of more than $3 billion.
