From the San Antonio Report:
San Antonio City Council unanimously approved the city’s first batch of affordable housing bond funding on Thursday.
The $44 million, which includes some money from federal housing programs, will fund 14 projects across the city that will build or rehabilitate an estimated 2,532 housing units over the next five years.
“This is a transformational vote, y’all,” said Councilwoman Teri Castillo (D5). “For generations, San Antonio has grappled with maintaining a steady supply of quality, affordable housing. … Housing isn’t a commodity, housing is a human right. Housing is public safety. Housing is public health.”
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Opportunity Home San Antonio, formerly the San Antonio Housing Authority, will receive $17.5 million in bond funding, the most of any single entity.
It will use some of that money to build 88 public housing units, part of Opportunity Home’s first phase of construction and renovation at the historic Alazán Courts housing complex. The housing authority will spend $8.2 million in bond funding for the $24 million project.
“We have thousands of San Antonians on our waitlists who are in dire need of affordable housing and so these funds will help us move full steam ahead to create as many new housing opportunities as possible,” Opportunity Home President and CEO Ed Hinojosa, Jr. said in a press release.
Read the San Antonio Report's article "Council approves $44 million in first, ‘transformational’ round of housing bond funding," featuring Opportunity Home San Antonio.