City approves $17.2 million for new affordable housing

SAN ANTONIO - The San Antonio City Council approved four major affordable housing projects on Thursday.

These projects will be receiving $17.2 million in funding from the $150 million Affordable Housing Bond. They will produce or preserve 929 homes, of which 711 are affordable for families at or below 60 percent of the Area Median Income , which is currently $39,850 a year or less for a family of three.

“We need affordable housing in all areas of the city as soon as possible, and we also want to ensure the selected projects support the residents and surrounding community,” Veronica Garcia, Director of the Neighborhood and Housing Services Department said in a press release. “The awarded projects will provide job training, food and wellness programs, plus connections to public transportation, ensuring residents have ongoing support beyond housing stability.

The approval of this latest round of funding means the Affordable Housing Bond has now invested in 4,344 new and preserved homes in a range of affordable options.

Source: Real Estate Daily Report (realestatedailyreport.net)

San Antonio Projects Funding AMI Area Median Income Bond Homes

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FULL INTERVIEW: San Antonio mayoral candidate Manny Pelaez discusses his vision for San AntonioThe District 8 councilman sits down with KSAT reporter Garrett Brnger to talk about his aspirations for a different seat at City Hall.
Source: ksatnews - 🏆 442. / 53 Read more »

San Antonio's 2024 tourism outlook promising, says Visit San Antonio CMOSAN ANTONIO - The tourism outlook for San Antonio in 2024 appears robust, according to Visit San Antonio officials who presented to the Economic Workforce Devel
Source: News4SA - 🏆 251. / 63 Read more »

The Rustic at The Rim closes without notice, set to relocate due to ongoing constructionSAN ANTONIO - A resturaunt and Bar beloved by many across San Antonio has closed its doors
Source: News4SA - 🏆 251. / 63 Read more »

This $17 French Moisturizer Is Amazon’s Best-Kept Beauty SecretThe Embryolisse Lait-Crème Concentré is a multi-tasking hidden gem of a facial cream.
Source: BuzzFeed - 🏆 730. / 51 Read more »

This $17 Million Penthouse Overlooks N.Y.C.’s Billionaires’ RowPositioned along Billionaires Row, the 54th-floor penthouse has three bedrooms, floor-to-ceiling windows, a private sauna, and a plunge pool.
Source: RobbReport - 🏆 309. / 63 Read more »

The 15 Best Swimsuit Cover-Ups on Amazon to Shop for Summer — Starting at Just $17Get ready for sunny days ahead with these fashionable swimsuit cover-ups perfect for sitting poolside.
Source: etnow - 🏆 696. / 51 Read more »