San Antonio Housing Trust seeks to buy Cattleman Square site

An arm of the San Antonio Housing Trust is seeking to buy property where a nonprofit developer has been unable to achieve its goal of building affordable apartments near a transportation hub — where tenants can catch a bus to get to work and buy groceries. In the five years since Alamo Community Group bought 1.5 acres across from VIA Metropolitan Transit’s Centro Plaza , it has struggled to assemble financing for its proposed Cattleman Square Lofts .

West Side nonprofits seek to form community land trusts for preserving affordability The housing trust has a $10 million lending facility from Frost Bank that it can tap to buy property, along with the organization’s own funds, “so I ain’t looking for anything on the River Walk,” Alanis said. It is targeting sites near employment hubs and kindergarten services and along major transportation corridors so residents can more easily commute to work and find child care, he said.

Housing Trust director Pete Alanis has led troubled nonprofit in new direction The interim leader of Alamo Community Group was not immediately available for an interview. Land banking is another vehicle for the housing trust, which started in 1988 with $10 million from the city to produce and preserve affordable housing.

Source: Real Estate Daily Report (realestatedailyreport.net)

VIA Metropolitan Transit Alamo Community Group University Of Texas At San Antonio City Council M University Frost Bank University Of Texas School Of Law The West Side Pete Alanis Alanis Southstar Centro Plaza Cattleman Square Lofts Houston Street West Side San Antonio 811 W. Houston St. South Side New Braunfels VIDA Windcrest Texas A&Amp Midcrown Drive Eisenhauer Road River Walk Strategic Housing Implementation Plan

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