Opportunity Home will receive another $8.9 million for repairs and improvements at Woodhill apartments near Interstate 10 and Huebner Road, Cottage Creek apartments on Ray Bon Drive and Pecan Hill apartments north of Alamo Quarry Market. Apply for Housing; Public Housing; . San Antonio City Council on Dec. 15 approved 14 initial affordable housing projects that will be developed with proceeds from the city's new housing bond. Voters approved a $150 million bond in May as part of San Antonios record $1.2 billion bond program. And I think in the future, folks are going to recognize that the first one the pioneers that came in, took the risk and leap of faith was Alamo [Community Group].. over the next few years. Highlighted projectsmay have more frequent project updates. Then there's the bond dollars themselves. Both the 2007-2012 Bond Program and the 2012-2017 Bond Program are managed by the PWD. Construction of a new apartment complex in New Braunfels, known as the Oka Run Village, began in October of last year. The City is investing a combined $43.9 million in bond and federal contributions to the projects that will add or preserve 2,532 units which includes 2,461 rental and 71 homeownership opportunities to the local housing market. Alazn was saved from being razed and replaced with a mixed-income development when Opportunity Home reversed course last year amid opposition from residents, housing advocates and historic preservationists. This creates a community that builds and sustains neighborhoods, empowers residents . The agency scrapped plans to partner with Cleveland-based NRP Group and will instead renovate the housing itself. In terms of sales, an increase of almost 9% is forecast, along with a 5.4% increase in price. Jul 2021 - Present1 year 9 months. **Place-based housing vouchers, Westside Reinvestment Initiative (Opportunity Home), Categories: City News, Neighborhood & Housing Services News. San Antonio, Texas, United States. Both the average price of a property in San Antonio and the number of home sales in the city are expected to rise in 2023, by 4.6% and 2.5%, respectively. Voters approved $20 million for ancillary housing projects. Cheyenne Village is a low-income based community in San Antonio, Texas. The five-year, $1.2 billion bond program will still need voter approval at the May 7 election. SAN ANTONIO (December 15, 2022) The City of San Antonios first-ever voter-approved affordable housing bond program will officially begin with its first set of projects. In the case of San Antonio, it is expected that home sales in the city will climb 2.5% this year. San Antonio, cited by the U.S. Census as one of the nations most poverty-stricken cities, faces a daunting housing crisis. Let's take a look at these San Antonio-area apartment projects currently in the works. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for . Voters approved the $150 million bond in May as part of the citys Senior Planner and Project Manager, San Antonio Planning Department. This is the first housing project that will be 100% solely . The City of San Antonio is the seventh most populous city in the United States and the second most populous in Texas, behind Houston. A similar number of apartments (334 to be exact) are under renovation in Leon Valley. April 2023. Lets take a look at these San Antonio-area apartment projects currently in the works. San Antonio-based Housing First Community Coalition Inc. (HFCC) is developing the project located in the east side of the . Courtesy Studio S Squared . We do not sell or share your information with anyone. The plan calls for preserving or building 28,000 affordable units over the next 10 years, which will leave more than two out of three families without affordable housing. Cleveland-based for-profit developer NRP Group will get $5.5 million to build 384 apartments at two complexes, one near Texas A&M University-San Antonio and the other along Interstate 10 between Huebner and Wurzbach roads. San Antonio Housing Authority Projects. According to one market analyst, rent growth in San Antonio will decline toward the areas historical average of between 2% and 3% annually. Lastly, it is encouraging to note that several apartment projects are in the works in the San Antonio area. The majority of the rent growth the area experienced came back in 2021 when there was a rebound following the first, most difficult year of the pandemic. Between the second and third quarters of 2022, rents in San Antonio fell by 0.6%. That is good news if you are planning to sell your property this year, especially if you are planning to sell it hassle-free for cash through iBuyer.com. Since 2011, the San Antonio Housing Trust has: San Antonio Housing Trust Hires New Director of Asset Management, Request for Proposals for Community Land Trust Grant, San Antonio Housing Trust Charts New Path Through 2027, San Antonio Housing Trust Foundation, Inc.2515 Blanco Road | San Antonio, TX 78212210.735.2772. TheBond Projects Status Dashboard provides the current status of City of San Antonio Bond Projects. The San Antonio Housing Trust creates and preserves housing that is affordable, accessible, attainable, and/or sustainable. At $34 million, the Medical Centers 135 apartments will come at an average cost of $251,851 for design and construction. Alazn-Apache Courts was the first public housing project in San Antonio. Homelessness has increased dramatically, rents have increased dramatically, and home prices have increased dramatically through the pandemic, Hinojosa said. Opportunity Home San Antonio is located at 818 South Flores San Antonio, Texas 78204. This week, Opportunity Home issued a press release announcing plans for Snowden Apartments, its first multi-family apartment project, with more than 50% affordable units set aside for seniors whose income is 30% or less of the citys average median income (AMI). These include affordable housing projects in San Antonio, such as the Medio Springs, the Masters Ranch Apartments, and the Paso Fino Apartments these projects range from 160-348 units. At the Office of Historic Preservation (OHP), we take an innovative approach to our preservation program and look for new partnerships and strategies that advance our goals of cultural, economic, and environmental sustainability. Projects include. About 3.5 percent are public housing units. San Antonio Proposition F was on the ballot as a referral in San Antonio on May 7, 2022. Credit: Nick Wagner / San Antonio Report. This is a carousel. Thats our anticipated closing. The rest will be given to Opportunity Home to five homes on the West Side and Our Casas Resident Council Inc. to build three homes on the West and Southeast sides. 210-396-3387. Meet Our Business Members & Supporting Foundations, Abbott boasts about Texas economy, seeks to make state a stronger competitor for businesses, Getting greener: VIA to roll out eight electric buses this summer, Proudly powered by Newspack by Automattic. Nonprofit journalism for an informed community. First up is the Tobin Estates Phase 3 project, which will result in 359 additional units. The 250-unit Wheatley Courts public housing project was demolished in 2014 and replaced with the East Meadows development. The citys first zoo featured animals from Texas and Mexico but no giraffe. Ryan M. Sweeney is the Executive Vice President of Operations for Prospera Housing Community Services (PHCS). Sixty-seven units will be for residents earning up to 30 percent of the AMI, 12 units for up to 50 percent of the AMI, 191 units for up to 60 percent of the AMI and 114 for up to 70 percent of the AMI. That includes around 22.4 percent for residents making up to 30 percent of the AMI, who are especially in need, the plan notes. Other smaller projects in the works include the Katherine Courts Apartments (27 units) and Pine @ Carson (21 units). This program is a partnership between the Texas Department of Housing and Community Affairs, Texas Health and Human Services Commission, and eligible multifamily properties. Read more about Westside Cultural Resource Survey Initiative. The public facility corporation is the most active arm of the San Antonio Housing Trust, a nonprofit created to generate and preserve affordable housing. 2023 San Antonio Housing Trust. NRP Group and the . prices continue to soar, putting more families at risk of homelessness. Cheyenne Village Apartments. The city relied heavily on federal grants to fund Metro Health until the pandemic, which led to ramped-up staffing and budget. For example, home sales in Phoenix, Arizona are expected to fall by more than 18% this year, with Sarasota, Florida expected to experience a drop of more than 28%. Mr. Sweeney holds a Bachelor of Business Administration (B.B.A., 1996) in Finance from the McCombs School of Business at the University of Texas at Austin . It is a way to provide a better quality of life for our kids and strong foundation for their future., On ExpressNews.com: Created or preserved over 6,655 units from <30% to 60% AMI. Most Alazn residents earn less than $10,000 a year, according to Opportunity Home, while seniors will pay rent based on income and unit size. More than two decades later, it remains a work in progress. Competition is highest during the peak rental season, which is noted as between May and August. In 2019, OHP commissioned a study to better understand the contribution of existing, older housing stock plays toward affordable housing in San Antonio. Victoria Courts Housing Project Plaque Photo: Larry D. Moore CC BY-SA 4.0 December 9, 2015 Victoria Courts Housing Project Plaque. To determine the rankings, the report looked at a number of factors. There were a number of causes for this during the pandemic, including more people seeking apartments of their own, construction slowdowns, limited inventory, and the rise in remote working. Rachel Tucker, San Antonio District 5 director of constituent services, discusses the new updates to the Alazn Courts Master Plan with Alamo Architects representative Trent Tunks earlier this month. We love San Antonio, just like you. 2005-2022 Community Impact Newspaper Co. All rights reserved. Reach Madison at 210-250-3242, madison.iszler@express-news.net and @madisoniszler. Veritas $450M loan default: A sign of things to come? Interestingly, the rental market in San Antonio in 2022 was considerably hotter during the peak rental season compared to the first part of the year. New plan for Alazn Courts comes into focus as San Antonio Housing Authority hires firm, seeks bond funds Madison Iszler , Staff writer Oct. 19, 2021 Updated: Oct. 19, 2021 3:47 p.m. Published on Friday, December 16, 2022, CONTACT:Marivel Arauza, Public Relations Manager Located on Soledad St, it will result in the creation of 354 new apartments. 11:54 AM Mar 2, 2023 CST At $24 million, the average unit will cost $272,727 for demolition, design and construction. Harris Bay pitches hotel, office-to-resi for Tobin Hill, NY developer plans San Antonio multifamily, S.A. to raise $158M via reinvestment zone extension. Undoubtedly, San Antonio is one of the best cities in the United States in which to live. This is an ongoing initiative to identify, document, and protect places of cultural, historical, and architectural significance on San Antonios Westside. The Clinton-era policy called for demolition of the inner city, pre-World II projects that were widely seen as crime-ridden and perpetuating poverty, with for-profit developers building multifamily projects offering both market rate and affordable housing units in return for tax credits. The San Antonio Housing Authority (SAHA) implemented its original MTW program at three of its public housing developments in 2000. Plans call for the $65 million facility to house a 3,200-seat arena to host concerts . Feature Photo: Aerial view of the project site by Jordan Foster. In 2018, San Antonio adopted a new housing policy framework and plan that was, in large part, a reaction to increasing housing costs. This is the first project in the city to accomplish such a high number of affordable units, he added. . 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