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SA Low-income Housing Project Begins Work
Four25 San Pedro, a low-income apartment complex geared toward homeless families, will soon be taking tenants. The $30.4 million, 80-unit complex will be among the first in San Antonio to feature on-site services to help families experiencing homelessness.
Construction is expected to begin soon and be completed around December 2025. The city and the housing trust are building it in partnership with the local multifamily builder Franklin Development, which will manage it.
The complex at 425 San Pedro Ave will be for tenants who make between 30% and 60% of the area’s AMI. The complex will include a children’s playground, a dog park, a resident garden, a fitness center and a community room.
The funding will come from:
• $7.5 million from the 2017-2022 bond
• $17.5 million in federal low-income housing tax credits, administered through the TDHCA
• A $1 million loan from the San Antonio Housing Trust Foundation, another nonprofit arm of the city
• The $3.2 million mortgage secured with housing vouchers
- ◦Development
- ◦Policy/Gov't