Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
San Antonio staff recommend $34 million package from housing bond and federal funds to build, preserve affordable homes; council to act next week
Summary
City staff on June 5 presented City Council members with recommended awards from San Antonio’s affordable-housing bond and federal funding streams totaling about $34,000,000 for production, rehabilitation, preservation and acquisition of affordable housing, and asked the council to consider final approvals next week.
City staff on June 5 presented City Council members with recommended awards from San Antonio’s affordable-housing bond and federal funding streams totaling about $34,000,000 for production, rehabilitation, preservation and acquisition of affordable rental and ownership housing.
The presentation by Verónica García, director of the Department of Neighborhood and Housing Services, said the recommendations draw on the 2022 affordable-housing bond, HOME-ARP and CDBG funds and aim to produce and preserve units serving households at a range of area median income (AMI) levels, with particular priority for units at or below 30% of AMI.
García told the council the round produced 22 applications; the selection panel recommended funding for eight projects. The packet presented to the council includes recommended awards and underwriting terms for six rental/rehabilitation projects that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
