San Antonio announces $2.5 billion plan for public housing

San Antonio’s public housing authority plans to invest $2.5 billion into modernizing, developing and acquiring at least 14,500 units through 2037. The housing authority, named Opportunity Home, plans to invest $2.5 billion into modernizing, developing and acquiring at least 14,500 units through 2037. It looks to build 5,500 units, with 500 reserved to families making up to 30% of the median income, the housing that’s most in demand in San Antonio. 

“With the new housing Opportunity Home wants to build, more than half of the units would be for people earning at least 61% of the median income in the area, which is $100,600 for a family of four, according to the U.S. Department of Housing and Urban Development. Another 1,250 units would be for people earning 51-60% of the median income and 750 for people making 31-50% of the median income,” Madison Iszler writes for Yahoo News.

Opportunity Home leaders want to rehabilitate at least 6,000 public housing units and 2,500 mixed-income units by making major structural repairs and adding amenities. The public housing authority serves more than 65,000 people, including about 18,000 who live in its units.