Grant Secured for Development Near South Texas Medical Center
Feb. 1, 2024
The San Antonio Housing Facility Corporation, an Opportunity Home affiliate, was awarded a $50,000 grant from the John L. Santikos Charitable Foundation, a fund of the San Antonio Area Foundation, to ensure completion of the Snowden Senior Apartments project by January 2025.
The first self-developed multi-family apartment project by the organization, Snowden will provide affordable housing options for older adults who earn between 0-30% of the Area Median Income (AMI). A community with 135 one-and-two-bedroom units for individuals 62 and older will be equipped with amenities such as a hair salon, beach entrance swimming pool, on-site walking trails and energy-efficient appliances.
“We are extremely grateful to the John L. Santikos Charitable Foundation for allocating funding towards this project — it validates our vision and the population it will serve,” said Susan Ramos-Sossaman, assistant director of Development Services and Neighborhood Revitalization. “It is rewarding and an accomplishment in itself having this be our first self-developed project.”
In October 2022, the Texas Department of Housing and Community Affairs (TDHCA) awarded a 9% tax credit allocation for Snowden. Snowden reflects a commitment to providing compassionate, equitable and vibrant communities where individuals can thrive and enjoy a healthy quality of life. Building new communities across the city exemplifies a partnership with the City of San Antonio to produce or preserve more than 14,000 rental units as part of their 10-year housing affordability plan.