The Future of Opportunity Housing
Photo: Majestic Ranch
Developments & Construction
The Opportunity Home San Antonio’s mission is centered around bringing housing solutions to the residents of San Antonio.
Opportunity housing is ensuring income-based housing options are available to any resident who cannot afford renting at market rate.
This means housing options for a single mom looking for employment, a local waiter serving our favorite food, or a middle school teacher trying to make ends meet.
The agency is pursuing $1.2 billion in prospective housing developments to add nearly 12,000 units to the rental market.
By providing families with housing they can afford, our renters can focus their attention on building a brighter future. Opportunity lives here.
UNDER CONSTRUCTION
Photo: Home built under the Westside Reinvestment Initiative
Horizon Pointe
312 Total Units
Horizon Pointe is a 312-unit 4% tax credit partnered development by Integrated Realty Group.
Josephine
259 Total Units
Josephine is a 259-unit development, funded through a conventional loan, and partnered with the LYND Company.
Palo Alto
336 Total Units
Palo Alto is a 336-unit 4% tax credit partnered development by Streamline.
Potranco
360 Total Units
Potranco Apartments is a 360-unit development, funded through a conventional loan, and partnered with the LYND Company.
Vista at Silver Oaks
76 Total Units
Vista at Silver Oaks is a 76-unit 9% tax credit partnered development by Atlantic Pacific Companies.
Fiesta Trails
60 Total Units
Fiesta Trails is a 60-unit 9% tax credit partnered development by The NRP Group.
Vista at Reed
70 Total Units
Vista at Reed is a 70-unit 9% tax credit partnered development by Atlantic Pacific Companies.
Westside Reinvestment Initiative
25 Total Units
The Westside Reinvestment Initiative (WRI) is a 25 single-family home self-development by Opportunity Home San Antonio.
New Developments
Photo: Legacy at Alazan
La Ventana Apartments
272 Total Units
At the request of San Antonio Housing Facility Corporation, an affiliated entity under Opportunity Home San Antonio, CBRE has prepared an underwriting assessment report for the proposed La Ventana Apartments, a proposed 303 PFC project. The subject is a proposed 272 unit multi-family project situated at 2802 Cinema Ridge, San Antonio, Texas. The project will set aside to rent 10% of the units to tenants whose income is not more than 60% of the area median income (AMI) and 40% of the units to tenants whose income is not more than 80% of AMI. The remaining units will be market rate.
The statute reads:
6. Not less than 30 days before final approval of the development:
- (A) the corporation or corporation’s sponsor conducts, or obtains from a professional entity that has experience underwriting affordable multifamily residential developments and does not have a financial interest in the applicable development, developer, or public facility user, an underwriting assessment of the proposed development that allows the corporation to make a good faith determination that:
- (i) for an occupied multifamily residential development acquired by a corporation, the total annual amount of rent reduction on the income-restricted units provided at the development will be not less than 60 percent of the estimated amount of the annual ad valorem taxes that would be imposed on the property without an exemption under Section 303.042(c) for the second, third, and fourth years after the date of acquisition by the corporation; and
- (ii) for a newly constructed multifamily residential development, the development would not be feasible without the participation of the corporation; and
- (B) the corporation publishes on its Internet website a copy of the underwriting assessment described by Paragraph (A)
100 Labor
213 Total Units
100 Labor is a 213-unit self-developed community with Franklin Apartment Management.
Bristol at Somerset
348 Total Units
Bristol at Somerset is a 348-unit 4% tax-credit partnered development by Louis Poppoon Development Consulting Company.
Frontera Crossing Apartments
315 Total Units
Frontera Crossing Apartments is a 315-unit multi-family development in partnership with The NRP Group.
Kitty Hawk Flats
212 Total Units
Kitty Hawk Flats is a 212-unit multi-family development in partnership with the NRP Group.
SEVEN07 LOFTS
324 Total Units
SEVEN07 Lofts is a 324-units multi-family development in partnership with the NRP group.
The Aspire at Tampico
200 Total Units
The Aspire at Tampico is a 200-unit multi-family development in partnership with Mission DG.
The Legacy at Alazan
88 Total Units
The Legacy at Alazan is a 88-unit development with the NRP Group.
Vista at Everest
64 Total Units
Vista at Everest is a 64-unit multi-family development in partnership with Atlantic Pacific Companies.
Vista at Interpark
64 Total Units
Vista at Interpark is a 64-unit multi-family development in partnership with Atlantic Pacific Companies.
Future Developments
Augustine at Palo Alto
Augustine Palo Alto is a planned development of two phases in partnership with Louis Poppoon Development Consulting.
Alazan-Apache Courts Expansion
Alazan-Apache Courts Expansion is a 88-unit self development.
Victoria Commons
Victoria Commons will consist of North Pond with approximately 110 units at 100% affordable and South Pond with approximately 300 units at 50% affordable with Catellus.