San Antonio Seeking Partners for Affordable Housing Plan

The San Antonio Housing Trust is looking for a partner to expand its affordable housing program. The plan is to construct three separate communities in the Vida community on the town’s southside with the goal of building 530 units. The first phase will feature 90 senior housing units.

The San Antonio Business Journal reports San Antonio-based architectural firm Lake Flato is handling the master planning phase. No choices have been made for the developer or architect of record. An RFP process will get underway before the first of the new year.

20% of senior housing units will be considered affordable, targeting residents making 30% of San Antonio’s area median income. It’s expected to qualify for the 9% housing tax credit program.

Phase 2 is anticipated to begin in 2026, with the third phase a few years after that.

The Housing Trust finalized the $3.5 million purchase of the 20-acre site for the project in December 2023, funding it with a $2.2 million loan from Frost Bank and approximately $1.3 million in equity.