2018–2019 Fiscal Year
This 2019 Annual Report represents a year full of progress towards realizing Opportunity Home’s vision to create dynamic communities where San Antonians thrive.
In the course of the last fiscal year, Opportunity Home made great strides in increasing the number of affordable housing units in the city which culminated in the Board of Commissioners approving $486 million to build and pursue financing for 14 affordable housing developments in the San Antonio area.
Opportunity Home is more than just bricks and mortar. We believe in providing a holistic approach in providing safe and dignified housing and to help residents reach their full potential and self-sufficiency.
The agency also assisted thousands of residents with food, scholarships, workforce training, digital connectivity, access to city services and a host of other resources to improve their quality of life.
In the 2020 fiscal year and beyond, we will continue to deliver on this promise and our mission to provide quality affordable housing that serves as a foundation to improve lives and the hopes and dreams of more than 55,000 residents.
On behalf of the Board of Commissioners and more than 500 Opportunity Home public servants, we thank you for your continued support in strengthening Opportunity Home so that it can continue to build San Antonio’s future.
Dr. Ana Margarita “Cha” Guzman
2018–19 was a year of making big changes. Building beds for children who were sleeping on the floor and couches, introducing single-family homes to expand homeownership opportunities and motivating residents to accomplish goals they set when they joined our program. The Opportunity Home San Antonio is one of the largest housing authorities in the state of Texas, serving approximately 65,000 residents — building one dream at a time.
HOUSING FOR ALL
Opportunity Home is the largest housing authority in the State of Texas and one of just 39 Moving to Work agencies in the United States. Opportunity Home’s commitment to creating dynamic communities where people thrive ensures residents have access to affordable housing and a safe place to raise a family.
Opportunity lives here.
In Fiscal Year 2018–19, Opportunity Home provided 5,649 residents public housing assistance and administered 13,056 Housing Choice vouchers. Approximately 700 vouchers are designated to assist the homeless, homeless college students, children aging out of foster care and others.
46,691 residents received housing assistance.
Learn more about the people we serve ➜
Housing assistance is more than affordable rent — it’s giving residents a stable home and environment for their families. Prior to Opportunity Home, some residents were homeless, others struggled between paying for rent or other household necessities or utilities. The security Opportunity Home provides ensures residents no longer have to worry about where they are staying and instead allows them to focus on building a home.
A Foundation to Success.
Opportunity Home and Terramark Urban Homes held a ribbon-cutting ceremony to celebrate the construction of 12 new homes on the Eastside through the Choice Neighborhoods Initiative. Residents have the opportunity to purchase new homes at an affordable price and achieve their dreams of homeownership.
WHEATLEY PARK SENIOR LIVING
Opportunity Home and McCormack Baron Salazar celebrated a milestone in Eastside revitalization efforts with the grand opening of the Wheatley Park Senior Living Community, Opportunity Home’s second phase of the Choice Neighborhood Initiative. The senior community includes a community room, indoor movie theater, salon, doctor’s clinic and other amenities for the senior residents.
GARCIA STREET URBAN FARM
After 10 years of planning, the Opportunity Home, San Antonio College’s William R. Sinkin Eco Centro and Compost Queens, community partners and residents broke ground June 12 on what will become the Garcia Street Urban Farm on the Eastside of San Antonio. The 4.1-acre urban farm will be one of the largest in the city and will serve as an educational and food production hub on the Eastside, designated a food desert by the U.S. Department of Agriculture.
EMPOWERED TO SUCCEED
Throughout the year, we host a variety of events to engage families and residents. Opportunity Home values partnerships with community organizations to connect residents with resources and solutions to everyday challenges. It is our hope our residents find a sense of belonging and learn they have the same potential when they have access to the same resources.
The sky’s the limit.
ACCESS TO NUTRITIOUS MEALS
food distributions held in collaboration with community partners
families received access to nutritious food
received in in-kind donations
ACCESS TO SKILLS & RESOURCES
residents events were hosted through the year
residents completed life skills training
residents completed ConnectHome training
“Dress for Success San Antonio empowers women to achieve economic independence by providing a network of support, professional attire and development tools to help women thrive in work and in life.”
ACCESS TO CLOTHING
partners collaborated with Opportunity Home to provide access to clothing
residents received clothing from Dress for Success
ACHIEVING & BELIEVING
Beyond housing assistance, Opportunity Home connects residents with case workers who are encouraging and motivating residents to fulfill their dreams. Without the fear and stress of affording rent, residents have the ability to focus on education and training they need to reach new milestones in their lives.
This is when change happens.
FSS Participant Reaches Dream of Becoming Business Owner
For many, housing assistance through Opportunity Home is a temporary journey toward bigger dreams. The Family Self-Sufficiency Program has become a guiding program for residents achieving economic independence within five years. Sherri Turner is the proud owner of the Datz it Datz All Food Truck, made possible through her participation in FSS. Watch a #WeAreOpportunityHome video of a young mom turned entrepreneur.
Leading by Example
Meet Janet — A Opportunity Home resident, Resident Council Vice President, Digital Ambassador for ConnectHomeSA, a single mother and inspiration to the Opportunity Home community.
Janet is highly engaged, leading community meetings, helping residents better themselves. Janet is becoming the change she hopes to see in her community and spends a majority of her time interacting with residents around her community and informing residents of the opportunities offered by Opportunity Home.
Opportunity Home resident and Employee Provides Inspiration
Our Jobs Plus team helps hundreds of residents complete training, achieve higher education, find employment and accomplish goals residents have for themselves. Jason was determined to find opportunities to provide a brighter future for his son. With assistance from Opportunity Home’s Jobs Plus Program, he turned his dreams into a reality. Now the single father is a resident and an essential Opportunity Home employee working on the frontline. Watch his #WeAreOpportunityHome story.
At the end of Fiscal Year 2019, Opportunity Home’s independent financial auditor issued an unmodified (clean audit) opinion. During the fiscal year, Opportunity Home refinanced the Burning Tree and Encanta Villa Apartments, which provided approximately $6.6 million in net proceeds, which will be used to fund capital repairs and replacements for Burning Tree, Encanta Villa and other assets within the Beacon Communities portfolio.
Opportunity Home ended its fiscal year with a debt-to-equity ratio of .35 and a current ratio of 3.44, signifying strong financial health and capacity to pay obligations.
View financial information ➜
Where We Are Going
In the coming years, Opportunity Home is committed to building on its strengths and successes and will continue to offer affordable housing, promote self sufficiency and create new partnerships that provide opportunities for families and generations to come.