Rental Housing Production & Acquisition

$35 million to build affordable rental homes.

San Antonio voters approved the 2022 - 2027 Bond Program on May 7, 2022. The Affordable Housing Bond includes $150 million for the City of San Antonio to create and preserve affordable housing in five funding categories. One of those categories is to build affordable rental homes.

Developers and nonprofits propose a project to build for low-income renters. Projects are awarded funding through a competitive process. The goal is to create housing near jobs, transit, schools and services.

Terms

Affordability for homes is defined by Area Median Income (AMI).

The department uses the word "home" to describe apartments and houses for rent or to own.

Affordable Housing Bond Projects

Central at Commerce

Central at Commerce will be a modern, multi-level apartment complex with balconies including a mix of grey and white siding and red brick.

Developer
Union Development Holdings, LLC
Council District
District 2
Units
279 homes for families earning up to 70% AMI
  • 42 homes at 30% AMI or below
  • 31 homes at 50% AMI or below
  • 67 homes at 60% AMI or below
  • 139 homes at 70% AMI or below
Bond Award
$6,000,000
Project Status
Pre-construction

News Release

City Council Approves $12 Million to Expand Affordable Housing

Legacy Senior Residences

Legacy Senior Residences will be a three-level apartment complex with a modern design including a mix of dark grey siding, white brick and some wood paneling. The rendering also shows plenty of resident parking, green grass and some neutral landscaping.

Developer
Cornerstone Housing Group
Council District
District 3
Units
180 homes for families earning up to 60% AMI
  • 20 homes at 30% AMI or below
  • 2 homes at 50% AMI or below
  • 158 homes at 60% AMI or below
Bond Award
$2,100,000
Project Status
Under construction

Onsite Resident Services & Amenities

  • serves adults ages 55 and older
  • 24-hour on-call maintenance
  • secured access entry
  • community, social and mail rooms
  • business center with internet access
  • theater, billiards and crafts rooms
  • fitness center
  • pool
  • dog park

News Release

City & Partners Break Ground on Affordable Housing for Older Adults

Leon Creek Flats

Leon Creek Flats apartments photo shows an aerial photo of the multi-level complex under construction within a Council District 4 neighborhood.

Developer
Lincoln Avenue Communities
Council District
District 4
Units
308 homes for people earning up to 60% AMI.
  • 47 homes at 30% AMI or below
  • 261 homes at 60% AMI or below
Bond Award
$2,520,382
Project Status
Under construction

Onsite Resident Services & Amenities

  • after school educational program
  • swimming pool
  • dog park
  • resident garden
  • fitness center
  • playground

For More Information on Property

Property Address
7515 Holm Road
San Antonio, TX 78242
Directions 7515 Holm Road
Seldin, LLC
2840 S. 123rd Court
Omaha, NE 68144
School District
San Antonio ISD
Contact
Email
Aeriona.Hardeway@seldin.com

News Release

City Reaches 1,000 New Rental Homes Under Construction Milestone

Los Arcos at VIDA

Los Arcos at VIDA is a cream and beige colored, three-level apartment complex. Photo shows a view of the pool surrounded by lounge chairs in the pool and outside the pool’s edge. The lounge chairs surrounding the outside of the pool also include blue umbrellas for sun protection.

Developer
NRP Group
Council District
District 4
Units
324 homes for families earning up to 70% AMI
  • 49 homes at 30% AMI or below
  • 161 homes at 60% AMI or below
  • 114 homes at 80% AMI or below
Bond Award
$2,057,946
Project Status
Construction completed January 2025

For More Information on Property

Property Address
10210 S. Zarzamora
San Antonio, TX 78224
Directions 10210 S. Zarzamora
School District
Southwest ISD
Contact
Phone
855-340-8856
Email
rwalla@nrpgroup.com
Website
Contact Los Arcos at VIDA

News Releases

NOVA Lofts (Formerly Cloudhaven Apartments)

NOVA Lofts apartments is a multi-colored, multi-level complex. Photo of completed project shows a shaded orange and yellow children’s playground and a colorful mural on the side of the complex entrance of a light blue and orange butterfly and blue armadillo surrounded by a green cactus and two yellow stars.

Developer
NRP Group
Council District
District 10
Units
65 homes for families earning up to 60% AMI.
  • 8 homes at 30% AMI or below
  • 25 homes at 50% AMI or below
  • 32 homes at 60% AMI or below
Bond Award
$3,000,000
Project Status
Construction completed February 2025

Onsite Resident Services & Amenities

  • after school and summer enrichment
  • access to healthy foods from SA Food Bank
  • Toyota partnership to schedule rides for necessities
  • adult education programs
  • ESL assistance
  • financial literacy programs
  • job readiness preparation
  • health and wellness screenings

For More Information on Property

Property Address
127 Rainbow Drive
San Antonio, TX 78209
Directions 127 Rainbow Drive
School District
Northeast ISD
Contact
Phone
866-702-5882
Email
kmena@nrpgroup.com

News Release

City, Partners Celebrate Opening of Fourth Affordable Housing Project

Memorial Apartments

Memorial Apartments rendering shows the complex will be beige and charcoal, dual-level and will include a colorful mural on one of the entrances.

Developer
San Antonio Alternative Housing Corporation
Council District
District 5
Units
30 homes for people earning up to 80% AMI.
  • 3 homes at 30% AMI or below
  • 9 homes at 50% AMI or below
  • 6 homes at 60% AMI or below
  • 12 homes at 80% AMI or below
Bond Award
$714,990
Project Status
Under construction

News Release

Community Leaders Bring New Life to Closed Funeral Home

Palladium San Antonio

Palladium apartments rendering shows the complex will be grey, white and multi-level including a fenced in pool with lounge chairs in and outside the pool with some covered seating and lots of green landscaping throughout.

Developer
Palladium USA International, Inc.
Council District
District 4
Units
288 homes for people earning up to 80% AMI.
  • 44 homes at 30% AMI or below
  • 29 homes at 50% AMI or below
  • 158 homes at 60% AMI or below
  • 27 homes at 70% AMI or below
  • 30 homes at 80% AMI or below
Bond Award
$2,000,000
Project Status
Under construction

Onsite Resident Services & Amenities

  • scholarship and after school programs
  • health and wellness programs
  • food pantry
  • income tax preparation
  • resume building
  • financial planning and notary services
  • fitness center
  • children's play center
  • pool
  • sports court/field
  • dog park
  • community room
  • bicycle parking

News Release

Community Leaders Break Ground on Housing Community

Sunstone (Formerly Culebra Road) Apartments

Sunstone Apartments is a multi-level complex with dark grey siding and white brick accents. The complex also includes balconies.

Developer
Tirol Housing
Council District
District 5
Units
199 homes for people earning up to 60% AMI.
  • 21 homes at 30% AMI or below
  • 178 homes at 60% AMI or below
Bond Award
$1,750,000
Project Status
Under construction

Onsite Resident Services & Amenities

  • after school activities
  • financial literacy training
  • employment services
  • health and wellness services
  • outdoor recreation areas
  • sport courts
  • swimming pool
  • accessible pedestrian routes

For More Information on Property

Property Address
5606 Culebra Road
San Antonio, TX 78228
Directions 5606 Culebra Road
School District
Northside ISD
Contact
Phone
210-580-2888
Email
ashley.saldana@greystar.com
Website
Sunstone Apartments in San Antonio, TX

News Release

City Reaches 1,000 New Rental Homes Under Construction Milestone

Vista at Silver Oaks

Vista at Silver Oaks is a multi-level apartment complex with white siding, light blue accents and grey brick columns. The complex has newly, planted trees and landscaping throughout.

Developer
Atlanta Pacific
Council District
District 9
Units
76 homes for people earning up to 60% AMI.
  • 8 homes at 30% AMI or below
  • 22 homes at 50% AMI or below
  • 46 homes at 60% AMI or below
Bond Award
$3,300,000
Project Status
Construction completed February 2025

Onsite Resident Services & Amenities

  • tax preparation classes
  • health and wellness programs
  • youth programs
  • business, fitness and community center

For More Information on Property

Property Address
11333 Brazil Drive
San Antonio, TX 78213
Directions 11333 Brazil Drive
School District
Northeast ISD
Contact
Phone
210-294-5440
Email
silveroaksmgr@apcompanies.com

News Release

City Celebrates Affordable Multi-Family Housing Complex Funded by Bond

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