On June 12, the San Antonio City Council approved $12 million in funding for two significant affordable housing projects.
The gist
According to a news release, the funding will be used to build and preserve 368 rental homes, including 161 affordable units for households earning at or below 50% of the area median income.
Funded by the voter-approved 2022 Affordable Housing Bond, the housing developments include 40-year affordability covenants and on-site resident services. Additionally, the residences will also be within a quarter-mile proximity to the future Rapid Silver Line.
Additionally, the newly approved housing will bring the total number of housing created under the 2022 Affordable Housing Bond to over 4,600 affordable homes, including more than 1,100 completed and 2,500 currently under construction.
2022 Affordable Housing Bond housing projects include:
- 368 affordable homes
- 207 family-sized rental units
- Two transit-oriented developments in the urban core
- Services-focused housing, including case management, job training and after-school care
- Preservation of 48 rental homes
What else?
The vote is also in line with the Strategic Housing Implementation Plan, which was adopted by City Council in 2018.
SHIP is a housing policy framework that includes timelines, specific action steps and funding approaches to affordable housing in San Antonio.
SHIP’s five primary goals:
- Develop a coordinated housing system
- Increase city investment in housing with a 10-year funding plan
- Increase affordable housing production, rehabilitation and preservation
- Protect and promote neighborhoods
- Ensure accountability to the public
“I could not be more proud of my Council colleagues, our partners, and this city for putting people first with this vote,” said Mayor Ron Nirenberg. “By investing in real, brick-and-mortar solutions, San Antonio is cementing its legacy as a city where compassion drives policy—and where affordability is not just a goal, but a promise.”
