San Antonio City Council Approves $20.7 Million for Affordable Housing
Published on April 16, 2026
Eight developments across seven council districts will support families, older adults, veterans, at‑risk youth and homeowners with long-term affordability.
SAN ANTONIO (April 16, 2026) - The San Antonio City Council unanimously approved $20.7 million in funding for eight affordable housing developments that will preserve and produce 576 homes for San Antonio families, older adults, veterans, youth at-risk of homelessness and homeowners. These incentives ensure the preservation of existing affordable housing and the creation of new affordable homes to increase the availability of quality housing options with meaningful supportive services. This action marks the final round of gap funding awards from the voter-approved 2022-2027 Affordable Housing Bond, as well as providing unprecedented funding to Community Land Trusts.
"The Affordable Housing Bond has been transformational for San Antonio," said Neighborhood and Housing Services Director Veronica Garcia. "From creating deeply affordable homes and preserving existing housing, to expanding pathways to homeownership and helping our unhoused neighbors find stability, this voter-approved program has provided life-changing opportunities for families to thrive. Its impact will be felt for generations to come."
Awarded developments were selected through a competitive procurement process for affordable housing. The awards demonstrate meaningful progress toward the 10-year housing goals outlined in San Antonio’s Strategic Housing Implementation Plan. Of the 576 homes, 156 rental homes are deeply affordable for households earning up to 50% of the Area Median Income (AMI), 51 new homeownership opportunities are affordable for households earning up to 80% of the Area Median Income and 20 affordable single-family homes will be preserved for up to 99 years by Community Land Trusts.
The approved funding includes $14.4 million in gap funding for six rental housing communities, $4.2 million for homeownership production developments and $2.2 million for two Community Land Trust developments (CLT). Awards include up to $12.2 million from the voter-approved 2022-2027 Affordable Housing Bond, up to $5.9 million from Community Development Block Grant (CDBG) and up to $2.6 million in HOME Investment Partnerships Program (HOME) funds. The investments span Council Districts 1, 2, 4, 5, 6, 7, and 8, with affordability protections lasting up to 40 years for gap-funded projects and up to 99 years for Community Land Trust homes.
Awards
Approved Gap Funding Projects – Rental Housing
111 W. Travis – Rental Rehabilitation, District 1
San Antonio Housing Trust will rehabilitate 63 apartment homes downtown, along frequent transit and near the forthcoming VIA Green and Silver Lines. The project includes building code, accessibility and livability improvements with on-site services and amenities for tenants.
- Bond Award: $4.5 million
- Total Development Cost: $22 million
| AMI Level |
Number of Homes |
|
30% AMI
|
13
|
|
60% AMI
|
50
|
|
Total
|
63
|
Judy at VIDA – Rental Production, District 4
San Antonio Housing Trust and Pennrose LLC will develop a 68-unit supportive housing community for youth exiting or at-risk of homelessness, near Texas A&M University–San Antonio. On-site services include case management, mental health support, and life skills coaching through partner SAMMinistries.
- Bond Award: $3 million
- Federal Grant Award: $2.6 million
- Total Development Cost: $24 million
| AMI Level |
Number of Homes |
|
30% AMI
|
14
|
|
50% AMI
|
41
|
|
60% AMI
|
13
|
|
Total
|
68
|
Aurora MLK – Rental Production, District 2
NRP Lone Star Development LLC and Bexar County Housing Finance Corporation will build 288 apartment homes near St. Philip's College, with 94% of multi-bedroom units sized for families and 44 units at 30% AMI.
- Federal Grant Award: $1.75 million
- Total Development Cost: $78 million
| AMI Level |
Number of Homes |
|
30% AMI
|
44
|
|
60% AMI
|
113
|
|
70% AMI
|
131
|
|
Total
|
288
|
Heritage Estates at Medina – Rental Production, District 4
TX Medina 2025, Ltd. will develop 86 apartment homes for older adults aged 62 and older with a focus on veterans, near Port San Antonio. The project features Universal Design Level 4 and National Green Building Silver certification.
- Bond Award: $2.5 million
- Total Development Cost: $25 million
| AMI Level |
Number of Homes |
|
30% AMI
|
13
|
|
50% AMI
|
31
|
|
60% AMI
|
42
|
|
Total
|
86
|
Approved Gap Funding Projects – Homeownership Production
- $4.2 million
- 51 single-family homes
- all homes for families below 80% AMI
Rancho Verano, Phase I – District 4
Habitat for Humanity of San Antonio & Guadalupe County will build 47 homes with zero percent-interest mortgages and sustainable building materials.
- Federal Grant Award: $3.9 million
- Total Development Cost: $11 million
- Anticipated Sales Price: Approximately $155,000
Casitas Affordable Homes – District 5
Our Casas Resident Council will construct four homes using an innovative missing-middle design that maximizes historically smaller lots, including three 2-bedroom homes and one lot accommodating an accessory dwelling unit. These homes are designed to look like single-family homes on the outside, fitting seamlessly into existing neighborhoods.
- Federal Grant Award: $225,000
- Total Development Cost: $669,005
- Anticipated Sales Price: $130,000
Approved Community Land Trust Projects
Culturingua (Silk Road) CLT – Districts 1, 6, 7, and 8
Culturingua, a newly City-designated CLT, will work with homebuyers to acquire and rehabilitate 10 homes for purchase in Northwest San Antonio near frequent transit and within VIA Link Zones where possible. Three of the 10 units are up to 60% AMI and seven units are up to 80% AMI. Buyers receive a 99-year ground lease ensuring lasting affordability.
Bond Award: $1.5 million
Esperanza CLT — District 5
Esperanza Community Land Trust will repair 10 existing single-family rental homes on the historic West Side, all serving families at 30 percent AMI or below and located near the future Silver Line. Homes will remain affordable for 99-years.
Bond Award: $681,400
About the 2022 Affordable Housing Bond
In May 2022, San Antonio voters approved a $150 million Affordable Housing Bond — the first dedicated housing bond in the city's history. To date, the program has supported 28 housing developments for the creation and preservation of over 4,800 homes. Additionally, the Affordable Housing Bond includes $45 million for homeownership preservation, which is anticipated to serve 400 homeowners with critical home repairs. Affordable Housing Bond funds are also being leveraged to implement SHIP housing strategies such as demolition diversion, Casita Incentives, Community Land Trusts, and strategic land acquisition for affordable housing. To learn more about the Affordable Housing Bond, go to SA.gov/NHSD.