THE PARK AT SUTTON OAKS

sutton header
Club House 1 The Park at Sutton Oaks
1010 Locke St.
San Antonio, TX 78208

Phone: (210) 227-5279


COMMUNITY INFORMATION
HISTORICAL
BACKGROUND
The Park at Sutton Oaks and Sutton Oaks are on the former public housing site of the Sutton Homes, which was built in two phases: 1952 (196 units) and 1959 (46 units) for families. After 57 years of providing shelter, the 242 families were relocated and all the buildings were demolished between September and December 2009.

Sutton Oaks, Phase I with 194 mixed income units was completed in 2010 with an estimated cost of $24.3 million from sources including the Department of Housing and Urban Development (HUD), the City of San Antonio, TDHCA, SAHA and conventional lending.amily-friendly community. WI-FI services are available in the Community Room.
THE PARK AT
SUTTON OAKS

The second phase of development features 208 mixed income units: 49 Public Housing, 113 tax credit and 46 market rate units. Construction began on October 1, 2012, with substantial completion in May 2014; all units built to Build San Antonio Green (BSAG) Level II. The leasing office/club house includes a community room, theater, child center, fitness center and laundry room. Site amenities include a swimming pool, splash pad, playground, and garden as well as a dog park. 

DEVELOPMENT
TEAM 

Developer - Franklin Development 
Co-Developer - San Antonio Housing Authority
General Contractor - Franklin Construction Management 
and Franklin Property Management 

FUNDING

Total Development Costs $29.4 Million
TDHCA 9% tax credits  
Equity                       $18,903,110  Bank of America
Debt                         $  4,625,000  Bank of America
HUD  RHFF                $  2,709,000 
City HOME                $  2,500,000
SAHA Land Loan       $  953,000