Money from San Antonio’s housing bond and other funding sources will be used to build and preserve affordable housing.
The San Antonio City Council on Thursday approved $35 million in funding for 14 affordable housing projects.The San Antonio City Council on Thursday approved $35 million from the city’s first-of-its-kind housing bond and other funding sources to build and rehabilitate 2,138 affordable apartments, single-family homes and mobile homes across 14 sites.
Los Angeles-based Pico Union Housing Corp. is slated to receive $5.25 million to rehabilitate Westwood Plaza Apartments along Westwood Drive, and $4.25 million will go to San Antonio-based Prospera Housing Community Services to rehabilitate the Vista Verde Apartments at 910 N. Frio St. The AMI in the San Antonio-New Braunfels metropolitan area is $61,500 for one person, $70,300 for a couple, $79,100 for a family of three, $88,600 for a family of four and $94,900 for a family of five, according to the U.S. Department of Housing and Urban Development.
ROC USA plans to work with residents to form a cooperative association to buy the land at the park, which has 46 occupied homes and eight additional lots. Co-op members could continue to own their homes individually, vote on decisions for the park and receive coaching on managing the park from ROC USA and its affiliates.
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