NRP Group to Develop Affordable Fort Worth Community
Partners on this project include JPS Health Network, Red Stone Equity Partners and CVS Health.
NRP Group and JPS Health Network are developing Thrive on Crawford, a 67-unit affordable community in Fort Worth, Texas, having just secured construction financing for the project from JPMorgan Chase and through Berkadia. CVS Health, through an investment fund managed by Red Stone Equity Partners, provided tax credit equity. The development is scheduled for completion in 2026.
The project, mainly consisting of affordable units, targets health-care workers in the JPS Network. Sixty units will be reserved for residents earning up to 30, 50 and 60 percent of the area median income, with an additional seven apartments as market rate.
Thrive on Crawford will have one- to three-bedroom layouts. Shared amenities will include a business center, kitchen and lounge, fitness center, children’s playroom and outdoor playground. The development will also comprise 2,200 square feet of commercial space leased to JPS Health Network.
Near Southside Financing Zone TIF and Texas Department of Housing Community Affairs provided additional funding.
Health and housing
Located at 1310 Crawford St., the project will be just off Interstate 35 W. and less than 1 mile away from John Peter Smith Hospital. This health and housing collaboration allows JPS medical staff to live in proximity to their jobs, as well as allow the community easy access to health care. Downtown Fort Worth is 2 miles north.
The Fort Worth development is NRP Group’s fourth “Health and Housing” project and the company’s first in Texas. This August, The NRP Group broke ground on a similar affordable development in Mesquite, Texas, also in the Dallas area. The Fielder will be a 288-unit community with features similar to those at Thrive on Crawford.
