The city of San Antonio is preparing to disburse nearly $44 million to housing developers and landlords for the production of 686 apartments, the repair of another 1,775 units, and the construction of 71 single-family homes.
Today, the City of San Antonio is due to formally begin the process of finding developers to build and preserve apartments, and build houses, as part of the $150 million housing bond.
Homeowners looking to tap into $45 million in city bond dollars for repairs ranging from foundation work to roof shingle replacement can submit their applications starting today.
The City Council on Thursday approved the Strategic Housing Implementation Plan, a framework document with the overarching goal of helping 95,000 households in San Antonio who spend more than 30% of their monthly income on housing.
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.
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.
Next May, for the first time, San Antonio voters will be asked to approve a $250 million housing bond toward affordability initiatives.
In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.