San Antonio City Council approves $32M for affordable housing

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San Antonio City Council approves $32M for affordable housing
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More than $15 million remains unallocated from the $150 million housing bond. That money will be used to fund other ways of expanding affordable housing, city officials have said.

They were selected through a competitive bidding process and include six new “shovel-ready” affordable housing apartment projects, five apartment rehabilitation projects and three homeownership projects. developed spending guidelines for the $150 million, voter-approved housing bond to prioritize San Antonio’s most vulnerable, cost-burdened and low-income populations.

The bond also was crafted under the guidelines contained in the city’s 2021 housing plan, which identified the need for building or preserving over This is the third batch of housing bond money and federal funding to be allocated. The first $44 million batch, which also included apartment construction and homeownership opportunities,

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