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City recommends $1.9 million gap funding award for single‑family affordable housing project; committee approves moving award to council
Summary
Neighborhood and Housing Services recommended up to $1.9 million in HOME/CDBG gap funding for one single‑family affordable housing development; the audit committee voted to forward the funding award to city council for consideration on May 29.
Veronica Garcia, director of the Neighborhood and Housing Services Department, briefed the Audit Committee on May 13 about a post‑solicitation recommendation to award gap funding to a single‑family affordable housing development.
Garcia said the solicitation sought projects creating homeownership opportunities for households at 80% of area median income (AMI) or below; in San Antonio she said a family of three at 80% AMI makes less than $64,000. The solicitation made up to $5,000,000 in…
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