SAN ANTONIO - The San Antonio City Council approved four major affordable housing projects on Thursday.
These projects will be receiving $17.2 million in funding from the $150 million Affordable Housing Bond. They will produce or preserve 929 homes, of which 711 are affordable for families at or below 60 percent of the Area Median Income , which is currently $39,850 a year or less for a family of three.
“We need affordable housing in all areas of the city as soon as possible, and we also want to ensure the selected projects support the residents and surrounding community,” Veronica Garcia, Director of the Neighborhood and Housing Services Department said in a press release. “The awarded projects will provide job training, food and wellness programs, plus connections to public transportation, ensuring residents have ongoing support beyond housing stability.
The approval of this latest round of funding means the Affordable Housing Bond has now invested in 4,344 new and preserved homes in a range of affordable options.