Government
BY PARKS KUGLE
San Antonio housing bond sees progress The housing bond has supported 5,002 homes to date, with $129.5 million , or 86%, of the bond funds committed so far.
Number of homes
Completed homes
2,214
Under construction
1,445
In predevelopment
1,343
Income-based and public housing units completed 978
Village at the Loop, the city’s newest a ordable housing project located at 2607 NE I 410 Loop, opened Nov. 12.
SOURCE: CITY OF SAN ANTONIO COMMUNITY IMPACT
PARKS KUGLE COMMUNITY IMPACT
City o cials detail newest a ordable housing initiatives
The Neighborhood and Housing Services Department, or NHSD, gave a presolicitation brie ng to the San Antonio City Council on the two most recent A ordable Housing Bond projects during a Nov. 12 meeting. The big picture Presented by Veronica Garcia, NHSD director, the presentation gave details on one project designed to increase a ordable rental housing stock and another that seeks to build more homes for residents to own. “With both [request for proposals], we will invite partners to bring projects that align with their housing priorities, looking for projects that are shovel-ready, that are located near amenities with services for the residents who live there, all in the aim of creating long-term a ordable housing,” Garcia said. The proposal for rental housing production, rehabilitation, preservation and acquisition will cost approximately $14.4 million and will use $10 million from the 2022 housing bond funds and $4.4 million from federal grants. As part of the proposal, at least 15% of the units must be a ordable to households earning less than 30% of the area median income, or AMI, which is roughly $26,000 for a family of three. The homeownership project criteria target families who earn up to 80% AMI. The project is estimated to cost $2.3 million and will be funded through federal grants.
Fiscal year 2025 26 funding timeline:
The discussion After the brie ng, District 9 council member Misty Spears said she was concerned about a ordable housing for seniors. “I’d really like to see a way that we can encour- age incentives for our seniors for a ordable housing and also persons with disabilities,” Spears said. District 10 council member Marc Whyte noted they should track a ordable housing outcomes. “Is the city tracking any outcomes related to broader community bene ts from a ordable housing in terms of local job growth, work- force participation, other economic indicators re ecting community bene ts, or neighborhood improvement?” Whyte said. The background Since housing bond project parameters were set in 2022, NHSD has worked in ve categories of housing production and rehabilitation, such as homeownership rehabilitation, rental housing acquisition, permanent supportive housing and homeownership production. According to city documents, the A ordable Housing Bond creates high-quality homes near jobs, schools and transit. Approximately $129.5 million in funding has been committed, with $9 million used to pur- chase property near the future green line, silver line and in the urban core.
Oct.
Dec. 2-Jan. 16: Request for proposals open, accepting applications Oct. 20: Financing A ordable and Impactful Housing Resources, or FAIR, subcommittee recommendations Oct. 31: Housing commission presolicitation Nov. 12: B Session presolicitation
Nov.
Dec.
Jan.
Housing commission post-solicitation
Feb.
Feb. 9-13: Evaluation meetings City Council B session post-solicitation
March
April
City Council approval
SOURCE: CITY OF SAN ANTONIO COMMUNITY IMPACT
Housing bond funding
Home rehabilitation $45M Rental rehabilitation $40M Home ownership $5M Permanent supportive housing $25M Rental production $35M
SOURCE: CITY OF SAN ANTONIO COMMUNITY IMPACT
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