Opportunity Home Assumes Ownership of San Juan Square and Alhambra Apartments
Oct. 9, 2024
—
Opportunity Home San Antonio has received complete ownership of the San Juan Square and Alhambra apartments from Hunt Capital Partners following a 15-year partnership.
Opportunity Home partnered with Hunt Capital Partners in 2007 to develop the two communities, with Hunt Capital investing in both properties through the awarding of tax credits to get both projects off the ground. San Juan Square and Alhambra apartments have provided affordable housing options for families and seniors whose income levels range from 30% to 60% of the area median income (AMI).
The ownership transition to Opportunity Home of the two properties provides the organization with increased flexibility to address the affordable housing needs of its current residents and those seeking housing opportunities.
“Hunt Capital Partners has been a tremendous partner in providing affordable housing options to residents in need, and we thank them for their commitment to providing residents with homes they can sleep and thrive in,” said Opportunity Home San Antonio Chief Asset Management Officer Miranda Castro. “Our work will continue at San Juan Square and the Alhambra in furthering our mission of providing affordable housing options and serving the current needs of our residents.”