The city anticipates significant population growth in the coming decades, and it has put a funding plan into action to ensure affordable housing doesn’t fall by the wayside.
The population of San Antonio, Texas, is projected to increase by a million people over the next 25 years, and the San Antonio Housing Authority is planning now for the city’s future affordable housing needs, reports Jared Brey.
The agency recently approved $496 million in funding for a series of rental and public housing projects in the city. "In all, the funding will help support around 3,500 units of housing, according to the Rivard Report, a local nonprofit news outlet," says Brey.
Last year, the housing policy task force released a Housing Policy Framework that outlines development of a coordinated housing system, increased investments in affordable housing and neighborhoods, and more public accountability, notes Brey. "The Housing Policy Framework was meant to focus attention on housing challenges that the city is expecting will evolve over the next decade. And the housing authority’s $486 million funding request was a response to the same issues, [Marival] Resendiz says."
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