The 140-unit project at 811 W. Houston St. will provide apartments priced for households making 30%-80% of the area median income.
Alamo Community Group
The latest design for the $17.5 million Museum Reach Lofts, a rare affordable housing development near the Pearl, was approved Wednesday by the Historic and Design Review Commission.
The colorful design for the Museum Reach Lofts, the apartments by nonprofit developer Alamo Community Group, received conceptual approval from the Historic and Design Review Commission (HDRC) on Wednesday.
The Museum Reach Lofts, a rare affordable apartment project that nonprofit Alamo Community Group (ACG) is developing, was approved for a $2.8 million incentive this morning by the Midtown Tax Increment Reinvestment Zone board.
The University of Texas at San Antonio and the nonprofit Alamo Community Group have placed bids on a small cluster of office buildings and parking lots at 811 W. Houston St. that’s owned by the Alamo Colleges District.
Bill Shown, managing director of Pearl developer Silver Ventures, said his group is “very interested” in building affordable housing as the development expands in the coming years.