2017 Neighborhood Improvements Bond
On May 6, 2017, the San Antonio public approved six propositions for the City’s 2017-2022 Bond Program totaling $850 million. Proposition 6, Neighborhood Improvements, authorizes the City to issue bonds in the amount of $20 million, the proceeds from which will be used to: acquire properties within 12 identified Neighborhood Improvement Areas; improve and dispose of acquired property to facilitate private sector development of single- family, multi-family or mixed-use projects; for the purpose of eliminating slum or blight conditions or to prevent the spread of those conditions, consistent with the City’s 2017 Urban Renewal Plan, adopted by City Council on February 2, 2017. The City will not build housing, but will rely on non-profit and private sector housing developers to do so.
The primary goal is to prepare sites for private sector development of single-family or multi-family workforce housing construction. Permitted expenditures include land acquisition, demolition of dilapidated/unusable structures, right-of-way improvements, extension of utilities, and remediation of environmental conditions impeding development.
Workforce housing coming soon!
Below are the City Council approved projects provided through the 2017 Neighborhood Improvements Bond:
3830 Parkdale Drive (District 8)
196-units all at or below 60% AMI (HUD) - (101-units) 2 bed/2 bath - 850 sqft | (95-units) 3 bed/2 bath - 1,090 sqft
Council Approved - January 2019
Construction Start - April 2020 | Est. Completion - October 2021
S. Frio Street (District 5)
12-units with 50% at or below 80% AMI (HUD) - (6-units) 2 bed/1 bath - 700 sqft | (6-units) 2 bed/2 bath - 920 sqft
Council Approved - June 2019
Construction Start - January 2020 | Est. Completion - January 2021
Individual Maps of Neighborhood Improvement AreaS