The city will prioritize rental funding for projects at that level. In order for the rentals to be considered affordable, they must be restricted to households making no more than 60 percent of the area median income, which is $40,020 for a family of three. The city’s new definition of affordability impacts housing targets in the plan. That’s because federal guidelines take into account the metro area and suburbs outside the city, where incomes may be higher than within city limits. To revise its definition of affordability, the city shifted toward lower incomes than federal guidelines: down to 60 percent of the area median income for rentals, instead of 80 percent of the area median income. With its new budget and the SHIP, the city changed what counts as affordable. On : San Antonio’s affordable housing budget balloons beyond bond funding. Other funding sources include a one-time federal grant of $18 million, tax increment reinvestment zones, tax exemptions and SAHA federal capital funds. San Antonio’s regular affordable housing budget would make up another $277 million. The city also expects another $150 million housing bond in 2027. To make that happen, the spending plan includes a proposed $150 million housing bond, for which a citizen committee recently wrapped up recommendations. On the homeownership end, the goal is to preserve more than 5,700 homes for people with very low incomes. The city also plans to preserve more than 4,500 rental units to ensure housing stock isn’t converted into something too expensive for tenants. Another 3,700 rental units would be produced for those who make between $22,000 and $44,000 annually, depending on household size. The bulk of that is the construction of nearly 6,900 rental homes for people making 30 percent or less of the area median income. The new goal of 28,000 includes almost 13,000 owner-occupied homes and more than 15,000 rental units. It also aimed to deliver 3,985 homes for ownership and has so far seen 2,090 homes produced. The last plan aimed to produce 8,498 rental units, and the city says 11,882 have been produced since then. San Antonio has moved more slowly on homeownership goals but is apparently still more than halfway toward meeting its targets. But just three years into that plan, officials said the city has surpassed its targets on production of new rental units. The previous framework’s goal was 18,681 homes over 10 years. The city could spend $3.37 billion over the next decade to produce and preserve 28,000 units, most of which would be for residents who make at or below 50 percent of the area median income, or around $22,000 to $37,000, depending on family size. “Today I believe we have a plan that has been very thoughtful of…taking into considerations the personality of the San Antonio community and doing all of this in the midst of a housing crisis,” she said. “We have this great opportunity to take a step on a complex issue that addresses generations of inequities, of redlining, of a system we know we’ve lived in,” said District 3 Councilwoman Phyllis Viagran. Billy Calzada, Staff / Billy Calzada Show More Show Less City officials believe these old homes may be part of the answer to affordable, energy-efficient housing and job creation. They were built from the 1870s to the 1930s for working class families. It is one of about 300 spread throughout San Antonio's urban core. This row of houses on West Ashby includes, at right, at right, a shotgun house thought to have been built in the 1870s. Jerry Lara / San Antonio Express-News Show More Show Less 2 of2 He is hoping for a more affordable alternative in the village. Clark, who is currently on VA housing, said that the rent was too high and left him with only $95 for monthly expenses. The village will feature a combination of apartments, tiny homes and RV’s. Clients were informed about the planned permanently housing community, Towne Twin Village. Army veteran Richard Clark, 68, fills out a questionnaire during a town hall meeting at Catholic Worker House, Friday, July 2, 2021.
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