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Committee OKs Creekside at Lookout PFC, Approves Full Tax Exemption Over Two No Votes
Summary
The Planning and Community Development Committee voted to forward a request that would allow the San Antonio Housing Facility Corporation to partner with Athena Domain Inc. on the Creekside at Lookout multifamily project, clearing the way for a full tax exemption under a public facility corporation arrangement.
The Planning and Community Development Committee voted to forward a request that would allow the San Antonio Housing Facility Corporation (SAHFC) to partner with Athena Domain Inc. on the Creekside at Lookout multifamily rental project, clearing the way for a full property tax exemption under a public facility corporation (PFC) arrangement.
Deputy Director Ian Benavides of the city’s Neighborhood Housing Services Department outlined the proposal, saying the development would create 232 units with a mix of units set at 60 percent AMI, 80 percent AMI and market rate levels and one- and two-bedroom layouts. Benavides said revenues from the PFC transaction would be used in line with Opportunity Home’s development…
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