Overland Property Group, Hunt Capital Partners, the Lubbock Housing Authority, KRS Housing, UMB Bank and ARCO held a groundbreaking ceremony on Nov. 9, 2026 to launch Santa Fe Place, a new affordable‑housing community slated for the southeast corner of 43rd Street and Justice Avenue in Lubbock, Texas.
According to the Rutland Herald, the ceremony was attended by Deputy Secretary of Housing and Urban Development Andrew Hughes, Lubbock Mayor Mark McBrayer and former Texas Tech University chancellor Kent Hance, among other local officials and development partners. Speakers highlighted the growing need for low‑income housing in West Texas and the project’s role in providing stability and opportunity for families.
Santa Fe Place will comprise 90 homes restricted to households earning up to 30%, 50% and 60% of the Area Median Income. Twenty‑seven of the units will receive project‑based rental assistance through a 20‑year Section 8 Housing Assistance Payments contract with the Lubbock Housing Authority. Residents will also have access to free health, youth, adult and community‑support services, as well as on‑site amenities such as a clubhouse, community room, playground, picnic and barbecue areas, and a dog park.
Hunt Capital Partners acted as the tax syndicator, securing $19.6 million in Federal Low‑Income Housing Tax Credits to keep rents affordable for years to come. UMB Bank provided an $18.8 million construction loan, serving as both investor and lender for the project.
Matt Gillam, Managing Partner at Overland Property Group, said the development’s location offers “jobs, shopping and recreation within walking distance,” and expressed pride in partnering with Hunt Capital Partners, UMB Bank, the Lubbock Housing Authority and other stakeholders. Jeff Weiss, President of Hunt Capital Partners, added that the combination of affordable rents, long‑term rental assistance and supportive services will “open doors for families who need them most.”
Mike Chapman, Executive Director of the Lubbock Housing Authority, noted that the authority currently manages 274 public housing units serving over 1,000 low‑income families. He said the new project will help meet the region’s pressing need for additional low‑income housing.
Construction is set to begin immediately following the groundbreaking, with the partners emphasizing that the project reflects a strong public‑private partnership aimed at expanding quality, affordable housing for Lubbock families.
Sources: rutlandherald.com
