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Committee forwards La Ventana apartments PFC tax-exemption request to full City Council
Summary
The committee unanimously approved forwarding a resolution supporting construction of La Ventana Apartments, a PFC partnership between Opportunity Home (SAHFC) and Marcus Equities at 2802 Cinema Ridge Drive (District 6), to City Council for final approval of a tax exemption.
The Planning Community Development Committee on Jan. 23 voted to forward a resolution to City Council supporting construction of the La Ventana Apartments, a 272-unit project proposed through a San Antonio Housing Facility Corporation (SAHFC)/Opportunity Home public facility corporation (PFC) partnership with Marcus Equities.
Ian Benavides of the Neighborhood and Housing Services Department summarized the proposal: the project would be located at 2802 Cinema Ridge Drive in Council District 6 and use a PFC property-tax exemption; the proposed unit mix for 272…
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