The city of San Antonio’s $1.2 billion package, the largest in this city’s history, looks likely to pass after Bexar County posted early voting results shortly after 7 p.m.
What are bonds, exactly? Why does San Antonio pay for infrastructure the way it does? As early voting continues on the $1.2 billion bond package, the Heron answers these questions and others.
If the $150 million housing bond passes, it will greatly expand the city’s role in creating and preserving affordable housing, but it’s not entirely unprecedented.
A financial tool used to help fund affordable housing was recently repurposed for the San Antonio Zoo, the Witte Museum, Garden and Brackenridge Park, a move that has some nonprofit developers scratching their heads.
On Thursday, the City Council unanimously approved the proposed $1.2 billion, 2022-2027 bond package—the largest in San Antonio’s history—a vote that now puts the historic infrastructure plan in the hands of voters in the May 7 election.
Calls for spending all $150 million in potential housing bond dollars on San Antonio’s most vulnerable populations permeated the housing bond committee’s second meeting held Wednesday night at the Henry B. Gonzalez Convention Center.
The city unveiled earlier this week its Strategic Housing Incentive Plan—a 71-page document filled with analysis and potential solutions meant to aid 95,000 local households who are struggling with housing costs. But some housing observers say the document lacks proper public input.
Next May, for the first time, San Antonio voters will be asked to approve a $250 million housing bond toward affordability initiatives.