Currently, for every vacant rental property in the area, there are as many as12 potential tenants, per Michael Karlis, writing in the San Antonio Current. For example, there is 2,200 units in the works on the far West Side, 1,600 in the works on the Northwest Side, and 720 in the works on the North Side, which will help to ease demand. Sell My House . . San Antonio, Texas, United States. The plan was controversial for several reasons. Meet the complete Eastside Community Area Plan Planning Team. It seems like the beginning of what longtime residents have feared ever since Bexar County unveiled plans for the $125-million San Pedro Creek Improvement Project in 2013: That turning their . District 5 Councilwoman Teri Castillo, who represents the West Side, called the City Councils unanimous decision on the first round of bond-funded projects a transformational vote for working families. Department Initiatives & Studies Overview, Living Heritage & Trades Education Overview, Opportunity at Risk: San Antonios Older Affordable Housing Stock (PDF), Neighborhoods & Housing Services Department Repair Programs, B Session Presentation (December 11, 2019). Construction on Cattleman Square is set to begin this summer with Concept Builders as the general contractor and the SAGE Group as the architect. Nearly $44 million from a first-of-its kind city housing bond was awarded Thursday to 14 projects to renovate and create A group of local . The funds, coming from 4 percent state tax credits, will help Alamo Community Group build . Within Texas itself, it is expected that thehome sales for Austinwill drop by 6.6%, along with an expected 3% increase in the price. Follow this page for updates regarding current projects & initiatives by OHP. Preservationists have been engaging with sustainable practices including adaptive reuse, material conservation, and traditional crafts and trades for decades. Phone Number: (210) 434-5154 Edit. Find best grass for your yard, passionflower requires Rosie Castros appointment much more than a 3-month council stint, Access to Bexar County Courthouse just got easier, Man and adult stepdaughter accused of sexual assault on children, Man suspected of serial arson in far south Bexar County area. The San Antonio Housing Trust understands that providing affordable housing is not about sticks and bricks. Its about providing stable and dignified homes that support families, seniors, persons with disabilities, veterans, and persons experiencing homelessness. Time to shred: Dealmakers hit the slopes this ski season, Commercial real estate continues to get pummeled, High Street, Daiwa bring resi to River Oaks, St. Charles revamp of torched resort takes center stage in local City Hall races. Construction costs have risen dramatically, plus we have committed to building the first phase as close to carbon neutral as possible, which has raised costs slightly, said Ed Hinojosa Jr., who was named president and CEO of Opportunity Home last year after serving for 12 years as chief financial officer. Apply for Housing; News & Events; South Alamo Regional Alliance for the Homeless. This direct investment in affordable housing will considerably boost local housing supply, preserve our aging housing stock, protect our neighborhoods and will help ensure that everyone has a place to call home. About 63 percent of the apartments at properties receiving funding are for families earning up to 60 percent of the AMI, who are in need of affordable housing, according to A housing project at 788 San Antonio Road in Palo Alto approved by the City Council on Nov. 17 includes 32 studios, 66 one-bedroom units and four two-bedroom units. 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. Lets get started. PO Box 839966 . This includes both renovations under new ownership and projects that are ground-up builds. **Place-based housing vouchers, Westside Reinvestment Initiative (Opportunity Home), Categories: City News, Neighborhood & Housing Services News. ** Public housing units and some income-based units are included in the Deeply Affordable unit count, *Income-based housing rent is adjusted based on 30% of the household's income through project's reserve funding or subsidy Nearly $44 million from a first-of-its kind city housing bond was awarded Thursday to 14 projects to renovate and create affordable housing in San Antonio. A few miles west, Sovereign Properties will build a 312-unit, six-building market-rate complex at the southern corner of Nationwide Drive and Texas State Highway 151 this coming July. It is also interesting to note that the growth rate for rents is slowing down, at the same time that the rental market is becoming more competitive. Port San Antonio is aiming to complete construction on the 130,000-square-foot Tech Port Center in March 2022. The Public Works Department (PWD) oversees street and drainage maintenance, capital projects for the City of San Antonio. According to one market analyst, rent growth in San Antonio will decline toward the areas historical average of between 2% and 3% annually. In total, San Antonio housing officials have set a goal of 1,300 homes preserved and 1,200 homes created from the housing bond for the next fiscal year. Awarded over $3.6 million in grants and loans to create and preserve affordable housing. If you look back pre-pandemic, no one would have imagined an eviction moratorium, much less a heightened focus on affordable housing, a term I hate to use because our population is way below that 30% AMI level. The 183 different projects are split between six propositions, which voters will take up separately . In this blog post, we will focus on the latter pointthe San Antonio Housing Market. Looking at that predicted growth in pricing, this would mark a significant rebound for San Antonio. In This Article. The awards from the trust's fund and foundation were the result of a . More than two decades later, it remains a work in progress. The Public Works Department (PWD) oversees street and drainage maintenance, capital projects for the City of San Antonio. .0 Strict//EN" "http://www.w3.org/TR/html4/strict.dtd">. In 2016, 48 percent of renters in the city were cost-burdened, meaning they spent more than 30 percent of their incomes on housing, a common measure of affordability. To see the proposed Admin Plan, CLICK HERE. Both projects resulted in substantial displacement of longtime residents, many of whom did not return. He previously was the main reporter for Local Community News, covering several areas in and around San Antonio, first as a freelancer and then staff member. The $38 million accounts for a majority of the cost of the development, which also received a $2 million from a City of San Antonio housing bond. SHARE THIS ARTICLE. The city has identified 95,000 homes that are cost-burdened, spending more than 30% . 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. Veritas $450M loan default: A sign of things to come? Voters approved $20 million for ancillary housing projects. Two years ago, the Mayor's Housing Policy Task Force defined workforce housing as housing in the . Construction of a new 32-storey luxury apartment tower, known as 300 Main, began in April last year. Lastly, it is encouraging to note that several apartment projects are in the works in the San Antonio area. 2023 San Antonio Housing Trust. 210-396-3387. Cheyenne Village Apartments. The metropolitan area, known as the Greater San Antonio area, has a total population of around 2.6 million people, making it the 24th-largest metro area in the United States. Cantera Hills is a 270-acre master-planned new home community located in northwest San Antonio, Texas. Today, the San Antonio City Council unanimously approved funding for 14 projects that will build or preserve affordable housing. This is the first project in the city to accomplish such a high number of affordable units, he added. NRP Group and the . Created or preserved over 6,655 units from <30% to 60% AMI. The RFP responses are due Jan. 23, 2023. Prepared by PlaceEconomics, the study examines the preservation of "old houses" as a strategy for stabilizing long-term homeownership rates, increasing the availability of affordable rental units, and preventing displacement in inner-city neighborhoods. Committees composed of city officials and community members will select developers and their projects in October, and the City Council is scheduled to grant final approval in December. 210-396-3387. Texas Department of Housing and Community Affairs, How municipal bonds work, and a brief history of them in San Antonio, Olivo: How McKee-Rodriguezs support for a luxury housing project helps shape the Decade of Downtown, Analysis: Its time to call BS on workforce housing. In August, the city issued requests for proposals with $43.9 million in funding available. - Reporter, San Antonio Business Journal. At $24 million, the average unit will cost $272,727 for demolition, design and construction. Prospera Housing Community Services, a San Antonio-based nonprofit, will receive $2 million to combine the Arbor Place and West Avenue complexes near the intersection of Loop 410 and Interstate 10 and rehabilitate or reconstruct 234 apartments. Voters approved the $150 million bond in May as part of the citys 818 S Flores St., San Antonio, TX 78204 210.477.6000. Whoops! The Potranco Commons project, located on the far Westside, will result in 360 affordable apartments being built. 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. Our average family earns about $10K a year.. 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. The Greenline North apartments were among four projects built or planned through the city of San Antonio's 2017 bond, which allocated $20 million to buy properties for mixed-income housing . In the case of San Antonio, it is expected that home sales in the city will climb 2.5% this year. The housing bond encompasses $45 million for homeownership rehabilitation and preservation; $40 million for acquiring, renovating and maintaining rental housing; $35 million for creating and buying rental housing; $25 million for housing with permanent on-site support services; and $5 million for homeownership production. Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. Prior to that, Edmond was a community news reporter for Prime Time Newspapers and the San Antonio Express-News, including editing two community weeklies. What do you know about the San Antonio housing market? San Antonio Housing Authority Projects. A GIS map showing the location and providing details of Bond projects. Affordable housing has been disappearing from many neighborhoods and residents pay the price for poor housing policy and lack of investment, Castillo said. Between the first quarter of 2020, when the pandemic began, and the third quarter of 2022, asking rents in San Antonio rose by almost 18%, reaching an average of more than $1,240 per month. Unofficial results showed every proposition passed with roughly 60% of voters or more approving. In the years of the pandemic, rents in the area soared. We love San Antonio, just like you. Developers submitted 29 pitches seeking nearly $96 million, according to a council memo. San Antonio, TX 78205, Mailing Address Construction on this project is due to commence imminently. In 2000, San Antonio saw the demolition of the 660-unit Victoria Courts public housing project south of Hemisfair, which has since been slowly repopulated with such housing.