The next round of funding, which the city’s housing officer has said he hopes will include more creative approaches to affordable housing, could open with a request for proposals as early as April.
he hopes will include more creative approaches to affordable housing, could open with a request for proposals as early as April.
Five projects would build new rental units, six would rehab existing rentals and three would build new affordable homes. The recipients include familiar names in affordable housing, such as the local housing authority, Prospera, Alamo Community Group, Habitat for Humanity and NRP Group. 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“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.
A third of the units funded through this round are what the city’s housing department calls “deeply affordable,” meaning rental units that someone who earns 50% or less than theMore from San Antonio Report
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