An Austin developer and St. John’s Evangelical Lutheran Church are moving forward with plans to build St. John’s Square, a 253-unit apartment building near La Villita, despite the San Antonio Housing Authority backing away from the project.
Newstream Capital, from a northern suburb of Fort Worth, bought two properties on Villita Street, across from the Tower Life Building. The firm is still deciding what to build on them.
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.
A comprehensive housing strategy is scheduled to be released Monday that will address the needs of 95,000 households in San Antonio that spend more than 30% of their income on housing.
Last month, the San Antonio Housing Authority signed a memorandum of understanding with homeowners on Leigh Street who had opposed two apartment buildings planned on vacant land facing Interstate 37 due to concerns about traffic and drainage.
The San Antonio Housing Authority is requesting $75 million for the Alazan Courts from the upcoming 2022-2027 bond program, which San Antonio voters will be asked to approve in May.
Urban Genesis plans to begin construction in mid-2022 on the apartments, which will be three to four stories tall.
Fairstead, a development firm from New York City, plans to renovate the historic Aurora Apartments tower in Tobin Hill, allowing the building’s elderly residents to stay in their units.
Next May, for the first time, San Antonio voters will be asked to approve a $250 million housing bond toward affordability initiatives.
The project by Sabot Development will consist of 299 market-rate units, 12,000 square feet of retail and 429 parking spaces.