This is a community revitalization project in an inner-city neighborhood. The low-income housing is the first major investment of capital in the neighborhood housing stock since the end of World War II. The vision of the community based development organization, Azteca Economic Development & Preservation Corporation, is to follow this multifamily development with single-family homes and new businesses which will create jobs for local residents.
We have forged many partnerships to develop these 50 units of multifamily housing in the Azteca neighborhood. The partners are: the Department of Housing and Urban Development, the Texas Dept. of Housing and Community Affairs, The Texas Housing Opportunity Fund II of Austin , AFL-CIO Housing Investment Trust of Washington, DC , Intrust USA of Wilmington DE, National Rural Development & Finance Corporation of San Antonio, Andrew Perez-Frank Associates, Bank of America, FSB, Modern Construction, , the City of Laredo, the county of Webb County, The Laredo National Bank and the Border Housing Initiative Fund of the Texas Dept. of Housing and Community Affairs.
The apartments are located on the banks of Rio Grande at 200 Zaragoza in Laredo, Texas 78040. The property management company is Azteca Economic Development & Preservation Corporation. The site manager is Linda Zuñiga. The maintenance supervisor is Victor Villarreal. The asset manager for Azteca Economic Development & Preservation Corporation is Esperanza Sauceda.