SAN ANTONIO -- Following the adoption of the revised Center City Housing Incentive Policy (CCHIP) in December 2018, the City has received four applications for CCHIP incentives, all of which include affordable and workforce housing within the center city.

  • Units reserved for households under 80, 60 and 30 percent of AMI
  • Two loft-style complexes, one apartment-style and one villa-style
  • Available publicly February 2019

Upon completion, these new projects will provide 515 multi-family rental units and 13 for-sale housing units in the center city.

Of the 515 multifamily housing units:

  • 21 will be reserved for households earning less than 80 percent of the Area Median Income (AMI), or $53,440 for a family of four
  • 213 units will be reserved for families earning less than 60 percent of the AMI, or $40,080 for a family of four
  • 25 units will be reserved for those earning less than 30 percent of the AMI, or $20,040 for a family of four

Of the 13 for-sale units, four will be priced for families earning below 120 percent of the AMI.

“I am pleased to see that 238 of the 515 multi-family units will be reserved for families making less than 60 percent AMI, which is the level of affordability that we need in San Antonio,” Mayor Ron Nirenberg said.

Alamo Community Group, a San Antonio based nonprofit housing developer, submitted applications for two projects. They own and operate nine other properties across the San Antonio region.

“We pride ourselves on providing quality affordable housing that can be a catalyst for change,” Jennifer Gonzalez, executive director of Alamo Community Group, said. “The CCHIP incentives, along with the other city and state tools, are vital to the financing of these projects.”

  • Museum Reach Lofts, a $17.5 million affordable housing project, will add 95 housing units at the corner of W. Jones Avenue and North St. Mary’s Street. A total of 77 units will be reserved for families earning less than 60 percent AMI and 9 units will be set aside for those earning less than 30 percent of the AMI. The remaining 9 units will be available at market rate.The project will begin construction this spring and is expected to be completed by the end of 2020.
  • Cattleman Square Lofts, an affordable housing project, will add 160 units just west of downtown at 811 W. Houston. A total of 136 units will be reserved for families earning less than 60 percent AMI and 16 units will be reserved for families earning less than 30 percent AMI. The project is scheduled to be completed by 2021.
  •  Stillwater Capital submitted an application for Augusta Apartments, a 260-unit development to be built at 819 Augusta. The project will include 13 units reserved for households earning less than 80 percent of the AMI. The project is expected to be completed by July 2021.
  • MGS Museum Reach, LLC submitted an application for The Villas at Museum Reach, a $3.5 million for-sale townhouse project, which includes 13 townhouses on Dallas Street across from the Museum Reach Lofts. Four units will be reserved for families earning below 120 percent of the AMI. The project is scheduled for completion later this year.

“Each of these projects will bring much-needed affordable housing to our center city,” District 1 Councilman Roberto C. Treviño said. “They are great examples of how the layering of incentives can provide housing that is attractive and affordable to residents.”

All CCHIP agreements will be made available on a publicly accessible online database by February 2019.