Bobby and Randy Bowling, Owners of Tropicana Homes, Announce Formation of “The Tropicana Tax Credit Investment Fund, LLC.”
August 15, 2022
El Pasoans Bobby and Randy Bowling, who own Tropicana Homes and its related entities, announce today the formation of a new company called “The Tropicana Tax Credit Investment Fund, LLC.” The purpose of the new company will be to invest in Tropicana’s own Low Income Housing Tax Credits, as well as to make other strategic investments in Low Income Housing Tax Credits, primarily throughout El Paso County. Tropicana Building, also owned by Bobby and Randy Bowling, has brought over $300 million in federal tax credit funding to the El Paso region as well as over $500 million in apartment construction work to their hometown since 2001. During that time frame (since 2001) Tropicana has been the most successful applicant in the Low Income Housing Tax Credit program in the state of Texas, winning at least one competitive funding award each year since 2001, with 38 total funding awards. “Randy and I are pleased to continue to grow our portfolio.” said Bobby Bowling IV, “Overall, what this means for the El Paso community is more affordable housing for hard-working families, job creation and tax revenues that have helped to improve the neighborhoods where we all live.”
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For more information, or to schedule an interview with Bobby Bowling IV, please call Maria Schneider at (915) 321-3550 ext. 109 or e-mail at m.schneider@tropicanahomes.com
June 12, 2026
Tropicana is proud to recognize Bobby Bowling IV for representing both El Paso and the National Association of Home Builders (NAHB) in Washington, D.C., where he presented Congresswoman Veronica Escobar with the organization’s prestigious [Defender of Housing…
June 3, 2026
EL PASO, TEXAS – Tropicana Homes has made a $500,000 gift to the UTEP football program.
The gift will support competitive excellence by providing essential resources to aid the program’s transition to the Mountain West this fall.
“We would like to thank Bobby and Randy Bowling and Tropicana Homes for their generous gift,” UTEP Vice President and Director of Athletics Jim Senter said. …
February 23, 2026
Saturday, February 23, 2026- Tropicana Homes was honored to attend the Homes For Our Troops Meet & Greet celebrating U.S. Army Staff Sergeant Pascual Delgado and his family.
In 2025, Homes For Our Troops approached Randy about partnering to build a specially adapted, ADA-accessible home for SSG Delgado. Tropicana Homes was proud to be selected as the builder…
