The Michaels Organization, a national residential real estate and the private sector owner of affordable housing, has closed on $61 million in financing for Mission Trail at El Camino Real, a new mixed-income housing community in San Marcos, that will serve the city’s growing workforce needs.
“The development of this important workforce housing community is possible because of the forward-thinking leadership of the city, and we are grateful for their tremendous support,” Joseph Weatherly, regional vice president of development, said. “We look forward to being a part of the San Marcos community for years to come.”
San Marcos, which is located in the fourth fastest-growing county in the country, has attracted a large number of new businesses over the past decade and is home to one of the country’s fastest-growing universities, Texas State University.
