Development Services and Neighborhood Revitalization

The Opportunity Home San Antonio’s mission is centered around bringing housing solutions to the residents of San Antonio.

Opportunity housing is ensuring income-based housing options are available to any resident who cannot afford renting at market rate.

This means housing options for a single mom looking for employment, a local waiter serving our favorite food, or a middle school teacher trying to make ends meet.

The agency is pursuing $1.2 billion in prospective housing developments to add nearly 12,000 units to the rental market.

By providing families with housing they can afford, our renters can focus their attention on building a brighter future. Opportunity lives here.

Josephine

260 Total Units

AMI Breakdown

• 26 units at 60%
• 104 units at 80%
• 130 units at Market Rate

210 W. Josephine St., San Antonio, TX 78212

Palo Alto

336 Total Units

AMI Breakdown

• 16 units at 30%
• 16 units at 40%
• 32 units at 50%
• 244 units at 60%
• 28 units at 70%

9930 Poteet Jourdanton Freeway, San Antonio, TX 78224

Potranco

360 Total Units

AMI Breakdown

• 36 units at 60%
• 144 units at 80%
• 180 units at Market Rate

202 W Loop 1604 S, San Antonio, TX 78245

La Ventana Apartments

272 Total Units

At the request of San Antonio Housing Facility Corporation, an affiliated entity under Opportunity Home San Antonio, CBRE has prepared an underwriting assessment report for the proposed La Ventana Apartments, a proposed 303 PFC project. The subject is a proposed 272 unit multi-family project situated at 2802 Cinema Ridge, San Antonio, Texas. The project will set aside to rent 10% of the units to tenants whose income is not more than 60% of the area median income (AMI) and 40% of the units to tenants whose income is not more than 80% of AMI. The remaining units will be market rate.

The statute reads:

6. Not less than 30 days before final approval of the development:

• (A) the corporation or corporation’s sponsor conducts, or obtains from a professional entity that has experience underwriting affordable multifamily residential developments and does not have a financial interest in the applicable development, developer, or public facility user, an underwriting assessment of the proposed development that allows the corporation to make a good faith determination that:
  • (i) for an occupied multifamily residential development acquired by a corporation, the total annual amount of rent reduction on the income-restricted units provided at the development will be not less than 60 percent of the estimated amount of the annual ad valorem taxes that would be imposed on the property without an exemption under Section 303.042(c) for the second, third, and fourth years after the date of acquisition by the corporation; and
  • (ii) for a newly constructed multifamily residential development, the development would not be feasible without the participation of the corporation; and
• (B) the corporation publishes on its Internet website a copy of the underwriting assessment described by Paragraph (A)

View Assessment

Creekside at Lookout

228 Total Units

At the request of San Antonio Housing Facility Corporation, an affiliated entity under Opportunity Home San Antonio, CBRE has prepared an underwriting assessment report for the proposed Creekside at Lookout, a proposed 303 PFC project. The subject is a proposed 228 unit multi-family project situated at 15407 Lookout Rd, San Antonio, Texas. The project will set aside to rent 10% of the units to tenants whose income is not more than 60% of the area median income (AMI) and 40% of the units to tenants whose income is not more than 80% of AMI. The remaining units will be market rate.

The statute reads:

6. Not less than 30 days before final approval of the development:

• (A) the corporation or corporation’s sponsor conducts, or obtains from a professional entity that has experience underwriting affordable multifamily residential developments and does not have a financial interest in the applicable development, developer, or public facility user, an underwriting assessment of the proposed development that allows the corporation to make a good faith determination that:
  • (i) for an occupied multifamily residential development acquired by a corporation, the total annual amount of rent reduction on the income-restricted units provided at the development will be not less than 60 percent of the estimated amount of the annual ad valorem taxes that would be imposed on the property without an exemption under Section 303.042(c) for the second, third, and fourth years after the date of acquisition by the corporation; and
  • (ii) for a newly constructed multifamily residential development, the development would not be feasible without the participation of the corporation; and
• (B) the corporation publishes on its Internet website a copy of the underwriting assessment described by Paragraph (A)

View Assessment

100 Labor

213 Total Units

100 Labor is a 213-unit self-developed community with Franklin Apartment Management.

Bristol at Somerset

348 Total Units

Bristol at Somerset is a 348-unit 4% tax-credit partnered development by Louis Poppoon Development Consulting Company.

Frontera Crossing Apartments

315 Total Units

Frontera Crossing Apartments is a 315-unit multi-family development in partnership with The NRP Group.

Kitty Hawk Flats

212 Total Units

Kitty Hawk Flats is a 212-unit multi-family development in partnership with the NRP Group.

SEVEN07 LOFTS

324 Total Units

SEVEN07 Lofts is a 324-units multi-family development in partnership with the NRP group.

The Aspire at Tampico

200 Total Units

The Aspire at Tampico is a 200-unit multi-family development in partnership with Mission DG.

The Legacy at Alazan

88 Total Units

The Legacy at Alazan is a 88-unit development with the NRP Group.

Vista at Everest

64 Total Units

Vista at Everest is a 64-unit multi-family development in partnership with Atlantic Pacific Companies.

Vista at Interpark

64 Total Units

Vista at Interpark is a 64-unit multi-family development in partnership with Atlantic Pacific Companies.

Augustine at Palo Alto

Augustine Palo Alto is a planned development of two phases in partnership with Louis Poppoon Development Consulting.

Alazan-Apache Courts Expansion

Alazan-Apache Courts Expansion is a 88-unit self development.

Victoria Commons

Victoria Commons will consist of North Pond with approximately 110 units at 100% affordable and South Pond with approximately 300 units at 50% affordable with Catellus.