In a nutshell
Pedcor Investments is partnering with the housing trust to develop Phase II of the Creek Bend Apartments, a $70 million affordable multifamily housing community, on East Borgfeld Drive just west of US 281.
Creek Bend Phase II is one of the latest affordable housing developments to recently get the green light from local authorities to proceed in the North San Antonio area.
San Antonio officials said Pedcor representatives promise to cooperate with the city’s Ready to Work program to help eligible, interested tenants at Creek Bend explore local employment opportunities.
Without providing specific numbers, Pedcor officials said all units will be designated as “affordable” with some restricted to residents earning up to 80% of the area median income.
But, on average, the apartments will be restricted at the 60% AMI level. Housing trust officials also said community agencies will partner with Pedcor to offer food pantry and other on-site services to tenants.
The estimated start of construction will be June 2026, with the end of construction scheduled for June 2028. Creek Bend will be located not far from the Kinder Ranch, Willis Ranch and Timberwood Park neighborhoods.
What they’re saying
Some neighboring residents sought to oppose Creek Bend Phase II through a petition drive, citing concerns about how the new apartment community could affect area traffic and student enrollment in neighborhood schools.
Opposing residents argued San Antonio city officials, the housing trust and the developer are essentially ramming through a project that will negatively affect the community.
“We stand united against you in every way possible as opposed to Creek Bend Phase I and Phase II apartments,” homeowner Mason Brand said in a letter sent in April to officials with the city, county, SAHT, Comal ISD and Texas Department of Transportation. “This also goes for any other similar projects you plan on placing in the [North US 281] area that will put people's lives at risk; overwhelm our local schools with enrollment numbers; or otherwise tread on our rights, hopes and dreams as citizens.”
However, representatives with the housing trust said the Creek Bend property is zoned for multifamily development, and Pedcor has gone through the appropriate procedural requirements required by the state to date for proposed tax credit financing.
“Pedcor has engaged [Comal ISD officials], who relayed they have been planning for long-term growth,” SAHT Executive Director Pete Alanis said in a statement. “The project is required to meet all traffic safety requirements prior to being permitted for construction. The San Antonio Housing Trust fully supports the creation of high-quality dignified housing in all areas of San Antonio.”
Pedcor executive Jean Latsha said she would be happy to meet with neighboring residents, even though no homeowners have reached out to her, she added. Latsha said she did talk with representatives of the county, city and CISD as well as District 122 State Rep. Mark Dorazio, R-San Antonio.
“Prior to that, there were several public meetings related to the approvals of zoning, the inducement resolution, and the resolution of no objection. No public comment from the neighboring communities was received at any of those meetings,” Latsha said.
