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.
Strategic Housing Implementation Plan
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 cost to build Cattleman Square Lofts has ballooned by $6 million since January.
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.
The San Antonio Housing Trust has introduced a new housing model that benefits the public more than developers, it says.
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.
The downtown San Antonio apartment market, which city leaders went to such great effort to grow, has matured to a point where it is drawing major attention from out-of-town investors.
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.
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.
San Antonio’s citywide discussion on housing, which centers around a 71-page strategy five years in the making, resumes at 6 tonight at the Henry B. Gonzalez Convention Center.