The City of San Antonio has selected another 14 affordable housing projects to receive $32.1 million from the local housing bond and federal grants.
Riverside Terrace, a community of mobile homes located on the South Side near the Mission Reach, would represent the first time the city has directly invested in a community land trust.The San Antonio Report depends on reader donations to support our nonprofit newsroom. We’re in the middle of our spring fundraising drive, and every dollar you give directly supports the journalism you rely on.
The City of San Antonio has selected another 14 affordable housing projects to receive $32.1 million from the local housing bond and some federal grants. If approved, the funding would be used toward building or rehabilitating more than 2,100 housing units in the coming years and contribute to the city’s first foray into land trusts.“I would argue there’s only one thing that supersedes excitement of the Spurs getting the No. 1 draft pick — and it’s this presentation,” Councilwoman Teri Castillo said. “Everyone deserves access to quality, safe, affordable housing.
. For an individual, that’s about $17,500; for a family of three, it’s about $25,000. Households earning 80% of AMI, which for an individual is about $46,700, would be eligible for the homeownership opportunities.
This is the third batch of housing bond money and federal funding to be allocated. The first $44 million batch, which also included apartment construction and homeownership opportunities,
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