SAN ANTONIO – The city council has approved $35 million to build and rehabilitate 2,138 affordable apartments, single-family homes, and mobile homes across 14 sites.
More than ten companies, nonprofits, and governmental agencies will share in the funding, with the largest allocation going to Opportunity Home San Antonio, formerly known as the San Antonio Housing Authority.
Nearly 75 percent of those new apartments will be for families earning up to 60 percent of the area median income (AMI), with 21 units for those making up to 30 percent of the AMI, and 14 for those making up to 50 percent of the AMI.
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.