Overland Breaks Ground on 90-Home Santa Fe Place in Lubbock

Overland Property Group has broken ground on Santa Fe Place, a 90-home affordable community for families in Lubbock. The development, at the southeast corner of 43rd Street and Justice Avenue, was announced Nov. 9 after a groundbreaking ceremony attended by U.S. Department of Housing and Urban Development Deputy Secretary Andrew Hughes, Mayor Mark McBrayer and former congressman Kent Hance.

Overland is the lead developer, with the Lubbock Housing Authority and KRS Housing as co-developers. UMB Bank is both investor and construction lender, providing an $18.8 million construction loan. The project is also supported by $19.6 million in federal Low-Income Housing Tax Credits, syndicated by Hunt Capital Partners. The total development cost has not been disclosed.