Council Member Teri Castillo wants the city to explore creating a program similar to Austin's Affordability Unlocked and a community land trust policy.
A city of Austin program that eases regulations for developers that rent or sell half of what they build to low- and moderate-income families has spurred construction of affordable housing in that increasingly pricey city — and San Antonio officials are interested in following their neighbor’s lead.
More than half of San Antonio-area renter households spend too much of their income on rent, report says She was flanked by Mayor Ron Nirenberg, Harlandale Independent School District Superintendent Gerardo Soto, housing advocates, teachers, transportation workers and U.S. Rep. Greg Casar, an Austin Democrat who authored that city’s “Affordability Unlocked” program as a City Council member.
San Antonio nonprofit wants to buy land near VIA Centro Plaza where affordable apartments have been planned The details of how the policies would work and whether they’re feasible will be hashed out at city committee meetings before going to council members for a vote. Asking developers for feedback will also be part of that process, Castillo said.
Will a bigger land bank boost affordable housing, end homeowners' fears of squatters and eyesores? Land trusts With land trusts, nonprofit organizations are set up to acquire the land a house sits on and typically lease it to homeowners for 99 years. The owners buy the house but not the land, which keeps costs lower, and have to comply with restricts on reselling the house to maintain its affordability.
West Side nonprofits seek to form community land trusts for preserving affordability San Antonio’s Strategic Housing Implementation Plan, a document that guides housing production in the city, identified establishing a land trust as a goal. City staff are working on a policy for land trusts to ensure they comply with state requirements and are appraised properly, guidance that is expected to be finalized later this year.
San Antonio Housing Trust City Council Austin City Council Harlandale Independent School District Urban Institute Mexican American Unity Council International Center For Community Land Trusts Teri Castillo Ron Nirenberg Greg Casar Democrat Gerardo Soto San Antonio Austin Centro Plaza Opportunity Home San Antonio U.S. West Side Justice Center Esperanza Peace &Amp Affordability Unlocked Strategic Housing Implementation Plan Affordability Unlocked Affordability Unlocked Development Bonus Program
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