Opportunity Home San Antonio Affordable Housing Projects to Receive Funding

Feature Photo: View of Midcrown Pavilion Senior Living. Image: Midcrown Pavilion Senior Living/Facebook

Posted: 6-8-2023

San Antonio (Bexar County) — The City of San Antonio has selected four Opportunity Home San Antonio (formerly known as the San Antonio Housing Authority) affordable housing projects, via of a local bond and federal grants, to receive $8.3 million in funding.

On June 8, City Council voted on the city’s selection to fund 14 housing projects totaling $32.1 million.

City Council approved four Opportunity Home projects, consisting of three rehabilitation projects (Victoria Plaza Apartments, Midcrown Senior Pavilion and The Ravello) and one homeownership project (Westside Reinvestment Initiative).

Victoria Plaza Apartments, a 185-unit development serving senior and disabled residents, will receive $2.5 million for overall renovation, including new energy-efficient roof and stormwater capture improvements and a new solar panel system to offset electricity usage.

Moreover, $2.5 million has also been awarded to Midcrown Senior Pavilion, a 196-unit development serving elderly and disabled residents. The money will be used toward a rehabilitation focused on universal design and energy efficiency features such as HVAC replacement and new appliances, along with security improvements.

The Ravello, a 252-unit development serving senior adults 55 years and older, will receive $2.5 million towards a renovation focused on universal design and energy efficiency features such as HVAC replacement and new appliances, plus fire alarm and security improvements.

In addition, the Westside Reinvestment Initiative, including more than 20 units, will receive $801,144 for energy efficient roof material, electric heating and cooling equipment; high-efficiency HVAC; spray-foam insulation; solar heat reflectance roof, cool and reflective surfaces; low impact development; water collection and reuse (drip-irrigation only); xeriscaping/native plant materials; along with as dark sky compliant exterior lighting.

“The support of the City of San Antonio through the housing bond and federal funds is critical to providing access to affordable housing for the city’s most vulnerable populations,” said Opportunity Home President and CEO Ed Hinojosa Jr. “It will also have a positive impact on the revitalization of the Westside, increasing opportunities for housing for its residents. The funding of these projects continue to advance the mission of Opportunity Home and help to transform the lives of those we serve.”

As part of the city’s 2021 housing plan and the voter-approved $150 million housing bond, the funding marks the third batch of housing bond and federal funds allocated for affordable housing. The plan identified more than 28,000 affordable housing units needing to be built or preserved. Projects for this third batch of funding were selected through a bidding process with all city funded units requiring the acceptance of housing vouchers.

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Edited from news release.

art@virtualbx.com