In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
San Antonio Housing Trust Public Facility Corp.
The area median income, or AMI, for the San Antonio-New Braunfels region has increased from $72,000 to $74,100 for a family of four.
The controversial Friedrich Lofts project on the East Side was approved Monday by the Housing Trust PFC board, which is composed of five City Council members, despite concerns of gentrification.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.
A $55.9 million mixed-used development on Broadway and Jones Avenue is likely to hold a city-backed incentives package worth $2.1 million.
Members of the HDRC earlier this week criticized the Broadway-facing facade of a 283-unit, monolithic apartment building co-developed by NRP Group and the San Antonio Housing Trust Public Facility Corp.
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.