The city of San Antonio says it needs to help 95,000 residents struggling to get in safe, affordable housing. That’s the impetus to work with for-profit and nonprofit partners to implement a $150 million housing bond which local leaders and housing advocates said is a big part of long-term efforts to increase affordable housing.
San Antonio City Council approved a total of $38.5 million in housing bond proceeds and $5.31 million in various federal monies for 14 initial affordable housing projects citywide, including two new north side apartment complexes. The housing bond was part of the city’s voter-approved $1.2 billion bond in May 2022.
Mayor Ron Nirenberg said the housing bond complements the city’s 2021 long-range housing initiatives designed to grow the number of local inexpensive housing options for both unsheltered persons and what the city calls “housing cost-burdened residents.” According to U.S. Census Bureau data, 35% of San Antonio households spend more than 30% of their monthly income on a mortgage or rent.
The post San Antonio Working to Fill Affordable Housing Gap appeared first on Connect CRE.
The city of San Antonio says it needs to help 95,000 residents struggling to get in safe, affordable housing. That’s the impetus to work with for-profit and nonprofit partners to implement a $150 million housing bond which local leaders and housing advocates said is a big part of long-term efforts to increase affordable housing. San …
The post San Antonio Working to Fill Affordable Housing Gap appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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