North San Antonio Edition - April 2022

RENTAL CONSTRUCTION BY SAN ANTONIO SUBMARKETS Housing analysts identied several north side area sub-markets that are able to accommodate new multifamily housing units. Hundreds of units are under construction with areas that have more available land taking on more units.

AFFORDABLE AID The city of San Antonio oers help to those struggling to stay in their homes or to nd a home.

Stone Oak/North US 281/ Thousand Oaks

The city is no longer accepting applications for renter/ homeowner aid, but other help can be found at www.sanantonio.gov/nhsd/ programs/fairhousing. People facing eviction may call 311 or email evictionhelp@ sanantonio.gov. The city oers homebuyer aid with a focus on aordable housing. 210-207-6459 www.sanantonio.gov/nhsd/ divisions/housing

1604

Blanco road/ West Avenue

UNITS COMPLETED OPENED from 2016-21

Stone Oak/North US 281/Thousand Oaks: 5,564 Blanco Road/West Avenue: 0 UTSA/Vance Jackson Road/Bandera Road: 6,986 Stone Oak/North US 281/Thousand Oaks: 400 Blanco Road/West Avenue: 64 UTSA/Vance Jackson Road/Bandera Road: 568

281

UTSA/Vance JacksonRoad/ Bandera Road

UNITS FORECAST FOR COMPLETION OPENING in 2022

410

MAP NOT TO SCALE N

SOURCES: APARTMENTDATA.COM, SAN ANTONIO APARTMENT ASSOCIATION, CITY OF SAN ANTONIOCOMMUNITY IMPACT NEWSPAPER

The city of San Antonio said about 95,000 households are at high risk of housing instability due to fami- lies spending more than 30% of their income on housing, according to area median income. The U.S. Housing and Urban Development department has the current average median income at $74,100 for a family of four. According to 2020 US census data, 21.1% of San Antonio households with an owner’s mortgage spend 35% or more of their monthly income on costs to own andmaintain their home. The 2020 census data also shows

that 41.9% of San Antonio renters spend 35% or more of their monthly income on rent and related costs. Economic analysts such as Wolf said, regarding overall costs of living, many house hunters or people renting keep exploring their housing options. “People are renting because they have to because of what’s happening to their income,” Wolf said. Responding to these housing obsta- cles, San Antonio City Council in December 2021 approved a $3 billion, 10-year plan to support development of more aordable and market-rate

housing across six income levels. Local ocials agreed overall hous- ing supplies are not keeping pace with the city’s growth, and housing costs are surpassing incomes. The city estimates it must build or preserve 28,094 single- and mul- tifamily units over the next decade, including 1,000 units for homeless individuals. Local ocials said they hope the housing plan gets a boostwith approval of a proposition in the city’s $1.2 billion proposed bond issue in the May 7 elec- tion. If passed, Proposition F would

direct $150 million toward aordable and market-rate housing measures. “This is a housing plan, not an aordable housing plan,” Assistant City Manager Lori Houston said. “We need market-rate housing as much as we need aordable housing [and] as much as we need shelter for the homeless.” Reporter Jarrett Whitener contrib- uted to this story.

For more information, visit communityimpact.com .

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NORTH SAN ANTONIO EDITION • APRIL 2022