Tomorrow night, the San Antonio Housing Authority (SAHA) and 210 Development Group will host a public meeting to gather input on a $24 million, 200-unit mixed-income development being proposed for a 3.7-acre piece of land southwest of downtown along Alazan Creek.
The meeting is scheduled for 6 p.m. Tuesday (Feb. 12) at El Progreso Hall, 1306 Guadalupe St.
The area median income for a family of four in the greater San Antonio area (including New Braunfels) is $66,800, according to the U.S. Department of Housing and Urban Development. Here’s how it breaks down for lower-income households:
» 80% – $53,440
» 60% – $40,800
» 50% – $33,400
» 40% – $26,720
» 30% – $20,400
Some specifics on the Tampico Lofts, such as rent breakdown and construction timeline, were not available because it’s still early on in the planning process, said Tim Alcott, SAHA’s Real Estate and Legal Services Officer.
Alcott said the SAHA-210 Development Group partnership is considering pricing half the units—or 100—at 80 percent of the area median income, which is $53,400 in the greater San Antonio area, according to the latest figures provided by the U.S. Department of Housing and Urban Development.
The other 100 units would be rented as market-rate.
“We need to look at the numbers, and just because we’re mission oriented, we like to have a deeper subsidy than that,” Alcott said. “I’m more than positive that they’ll be more like 30 or 60 percent AMI (rents).”
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Last week, the Zoning Commission approved a land-use change for the property at 200 Tampico St. from an industrial designation to one that allows for multifamily construction, despite concerns from some West Side residents. The City Council must ultimately approve the rezoning.
According to Irma Hoffman, a member of the Historic Westside Residents Association, some people who live in an isolated community west of the proposed development site aired their concerns about the project to the commission last Tuesday. Their issues had to do with limited access that sometimes occurs because of railroad tracks that bisect the pocket community, which is sandwiched between San Fernando Cemetery No. 1 and I-35/I-10. They’re concerned those issues will only be amplified with 200 new households on the other side of Alazan Creek.
The SAHA-210 Development Group partnership met with some West Side community members at the Historic Westside Residents Association’s December meeting.
Two years ago, 210 Development Group responded to a request for proposals that SAHA issued for the property at 200 Tampico St., which is located within the Guadalupe Westside Community Plan. Ultimately, 210 Development Group was selected.
Alcott said potential funding sources for the Tampico Lofts include Opportunity Zone funding and 4 percent low-income housing tax credits.