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San Antonio staff recommend $18.5M in gap funding, including CLT awards, from 2022 housing bond
Summary
City staff told the council they recommend roughly $18.5 million in awards from the 2022 housing bond and federal CDBG/HOME funds for six development projects, including preservation of 63 downtown rental units, 68 supportive units for youth and community land trust awards for 20 single-family homes.
City staff recommended that the council approve roughly $18.5 million in gap funding on projects selected through a competitive solicitation process, officials said April 1 during a San Antonio B session.
Veronica Garcia, director of the Neighborhood and Housing Services Department, said the awards draw on the city's 2022 affordable housing bond and federal CDBG and HOME funds to preserve and build rental and homeownership opportunities. "Today's briefing includes nearly $21,000,000 of awards for eight projects, which were selected through a competitive procurement process," Garcia said.
The staff recommendations concentrate on deep affordability and proximity to transit. Garcia said the scoring committee prioritized family-size units, units at 30% of area median income and projects within a quarter-mile of the city's Green or Silver ART lines. The…
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