Last week, San Antonio City Council approved its last projects using money from the $150 million 2022 Affordable Housing Bond.<\/p>\n
Voters may be asked to consider another housing bond as early as next year.<\/p>\n
But for now, city officials are figuring out their next move starting out with a series of community meetings over the summer. Officials plan on asking residents for feedback and will share information about the housing bond projects that were funded.<\/p>\n
The housing bond was approved in 2022<\/a> as a $150 million portion of the city\u2019s larger $1.2 billion overall bond program. City officials have distributed those funds over the past four years, helping build and preserve affordable homes and apartments, among other uses.<\/p>\n During this last wave, City Council allocated $12.2 million to eight different affordable housing projects including one that will rehabilitate 63 units at the historic Robert E. Lee apartments<\/a>.<\/p>\n The other seven are for apartment construction, home building and community land trusts and will result in 513 new housing units. Of those new units, almost 75% are considered affordable housing. <\/p>\n Eighty-one of those affordable units, including 10 home buying opportunities, are set aside for families who make less than 30% of the area median income<\/a>, about $23,200 for a two-person household.<\/p>\n The 2022 affordable housing bond has some funds remaining in its coffers.\u00a0<\/p>\n \u201cThe remaining $9 million is proposed to be used for strategic land acquisition to purchase property for the future development of affordable and supportive housing upon City Council\u2019s approval,\u201d said Gary Cooper, a spokesperson for the city\u2019s Neighborhood and Housing Services Department, in an email.<\/p>\n The department will lead a series of community meetings across the city between May and June so residents can learn about the investments planned in their neighborhoods and provide input on what a future housing bond could fund.<\/p>\n Residents can see the schedule and locations<\/a> for eight meetings online<\/a>.\u00a0The first is at Wheatley Heights Sports Complex on May 18.<\/p>\n Any future bond could also face a funding crunch as the city\u2019s property tax revenues are flattening<\/a>. In January, city officials projected the next bond<\/a> could be around $625 million, roughly half of the $1.2 billion bond from 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"Last week, San Antonio City Council approved its last projects using money from the $150 million 2022 Affordable…\n","protected":false},"author":2,"featured_media":261689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[96074,57440,1500,11532,61778,84162,82,84,83,3219],"class_list":{"0":"post-261688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-antonio","8":"tag-2022-affordable-housing-bond","9":"tag-2027-bond-election","10":"tag-affordable-housing","11":"tag-city-of-san-antonio","12":"tag-community-conversations","13":"tag-neighborhood-and-housing-services-department","14":"tag-san-antonio","15":"tag-san-antonio-headlines","16":"tag-san-antonio-news","17":"tag-wc-less-than-500"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/261688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=261688"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/261688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/261689"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=261688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=261688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=261688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}