What We're Working On

Current Projects

Projects in Construction

Majestic Ranch – 4% Tax Credit Structure
The SAHT Finance Corporation issued tax exempt bonds for Home Springs Realty to construct 288 rental units at 4862 Callaghan Rd, San Antonio, TX 78228 in Council District 7. This apartment community has all 288 units reserved for those at 60% AMI. This project cost approximately $41.9 million at the time of development. The project closed financing in December 2020 and anticipates fully opening by September 2021.

Culebra Creek – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with the Pedcor Development to construct 312 rental units at 12003 Culebra Road San Antonio Texas 78253 in Council District 6. This apartment community has all 312 units reserved for those at 60% AMI. This project cost approximately $63.1 million at the time of development. The project closed financing July 2019 and anticipates fully opening by July 2021.

Brio at Lookout – Private Equity Structure
The SAHT PFC partnered with Versa Development to construct 293 rental units at 7311 N Loop 1604 E, San Antonio, TX 78233 in Council District 10. This apartment community has 30 units reserved for those at 60% AMI, 117 units reserved for those at 80% AMI, and 146 at market rents. This project cost approximately $55.8 million at the time of development. The project closed financing in June 2019 and opened in March 2021.

Mesa West – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with the Pedcor Development to construct 280 rental units at 10330 Ingram Road San Antonio Texas 78245 in Council District 6. This apartment community has all 280 units reserved for those at 60% AMI. This project cost approximately $55.4 million at the time of development. The project closed financing September 2019 and anticipates fully opening by October 2021.

The Markson – 9% Tax Credit Structure
The SAHT PFC partnered with the NRP Group to construct 69 rental units at 4415 San Pedro Avenue, San Antonio, Texas 78212 in Council District 1. This apartment community has 7 units reserved for those at 30% AMI, 28 units reserved for those at 50% AMI, and 34 units reserved for those at 60% AMI. This project cost approximately $18.1 million at the time of development. The project closed financing in June 2011 and anticipates fully opening by August 2021.

Pan American Apartments – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with the Steele Properties to acquire and rehabilitate 100 rental units at 143 NW 36th Street, San Antonio Texas 78237 in Council District 5. This apartment community has a new 20-year HUD Section 8 Project Based Voucher contract for all units. This project cost is approximately $16.9 million at the time of development. The project closed financing in June 2020 and anticipates completion of rehabilitation by October 2021.

Park at 38Thirty – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with Franklin Development to construct 196 rental units at 3830 Parkdale Street San Antonio Texas 78229 in Council District 8. This apartment community has all 196 units reserved for those at 60% AMI. This project cost approximately $47.9 million at the time of development. The project closed financing in June 2020 and anticipates fully opening by June 2022.

Greenline North – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with Franklin Development to construct 292 rental units at 7402 S. New Braunfels, San Antonio Texas 78223 in Council District 3. This apartment community has 34 units reserved for those at 30% AMI, 9 units reserved for those at 40% AMI, 9 units reserved for those at 50% AMI, 182 units reserved for those at 60% AMI, 40 units reserved for those at 70% AMI, 18 units reserved for those at 80% AMI. This project cost approximately $52 million at the time of development. The project closed financing in August 2020 and anticipates fully opening by August 2022.

South Flores Lofts – Private Equity Structure
The SAHT PFC partnered with Athena Domain to construct 292 rental units at 205 E. Cevallos St, San Antonio, TX 78205 in Council District 5. This apartment community has 30 units reserved for those at 60% AMI, 118 units reserved for those at 80% AMI, and 144 at market rents. This project cost approximately $58.4 million at the time of development. The project closed financing in September 2020 and anticipates fully opening in 2022.

Northview – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with the Pedcor Development to construct 156 rental units at 23132 US 281 San Antonio Texas 78258 in Council District 9. This apartment community has 16 units reserved for those at 30% AMI, 92 units reserved for those at 50% AMI, 48 units reserved for those at 60% AMI. This project cost approximately $36.2 million at the time of development. The project closed financing October 2020 and anticipates fully opening in 2022.

Canyon Pass – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with the Pedcor Development to construct 264 rental units at 25601 Overlook Parkway, San Antonio, TX 78260 in Council District 9. This apartment community has all 264 units reserved for those at 60% AMI. This project cost approximately $52 million at the time of development. The project closed financing December 2020 and anticipates fully opening in 2022.

West End Lofts – Private Equity Structure
The SAHT PFC partnered with Terramark Homes to construct 24 rental units at 711 S. Frio, San Antonio, Texas 78207 in Council District 5. This apartment community has 10 units reserved for those at 50% AMI, 2 units reserved for those at 80% AMI, and 12 at market rents. This project cost approximately $4.2 million at the time of development. The project closed financing in December 2020 and anticipates fully opening in 2022.

Villas at Echo East – 4% Tax Credit Structure
The SAHT PFC and Finance Corporation partnered with the Atlantic Pacific and the George Gervin Youth Center to construct 192 rental units at 301 Spriggsdale, San Antonio, TX 78220 in Council District 2. This apartment community has all 192 units reserved for those at 60% AMI. This project cost approximately $30.6 million at the time of development. The project closed financing in April 2021 and anticipates fully opening in 2023.

Preserve at Billy Mitchell – PFC/Historic Tax Credit Structure
The SAHT PFC partnered with the Integrated Realty Group to acquire and rehabilitate 384 rental units at 402 Gillmore Ave. San Antonio Texas, TX 78226 in Council District 5. This apartment community has 19 units reserved for those at 30% AMI, 58 units reserved for those at 50% AMI, 307 units reserved for those at 70% AMI. This project cost approximately $55.8 million at the time of development. The project closed financing in May 2021 and anticipates completing rehabilitation in 2023.

Hamilton Wolfe – 9% Tax Credit Structure
The SAHT PFC partnered with the NRP Group to construct 74 rental units at the NW Corner of Hamilton Wolfe & Princeton Place in Council District 8. This apartment community has 8 units reserved for those at 30% AMI, 30 units reserved for those at 50% AMI, and 36 units reserved for those at 60% AMI. This project cost approximately $18.7 million at the time of development. The project closed financing in April 2021 and opened in 2023.

Southton – Private Equity Structure
The SAHT PFC is partnering with 3LB Equities to construct 239 rental units on 13.8 acres along Southton Rd near IH-37 in Council District 3. This HUD 221(d)(4) apartment community will have 24 units reserved for those at 30% AMI, 24 units reserved for those at 60% AMI, 72 units reserved for those at 80% AMI and 119 at market rents. 30% AMI units are dependent on a $3M TDHCA MF Loan.

Friedrich Lofts – Private Equity Structure
The SAHT PFC partnered with PRA Realty Group to convert approximately 4 acres of blighted industrial vacant buildings into 358 units of rental housing at 1617 E. Commerce in Council District 2.  This apartment community has 24 units reserved for those at 60% AMI, 155 units reserved for those at 80% AMI, and 179 units at market rents. This project cost approximately $60 million at the time of development. The project will close equity financing in August 2021 and commence demolition.

Ridgeline – Private Equity Structure
The SAHT PFC partnered with the Morgan Group to construct 350 rental units on 12.9 acres at Loop 1604 and Happy Rounds in Council District 9. This apartment community has 36 units reserved for those at 60% AMI, 140 units reserved for those at 80% AMI, and 174 units at market rents. This project cost approximately $60 million at the time of development. The project will close financing in Fall 2021.

Longhorn Quarry II – Private Equity Structure
The SAHT PFC partnered with the Morgan Group to construct 355 rental units on 14 acres at the Longhorn Quarry in Council District 10. This apartment community has 36 units reserved for those at 60% AMI, 142 units reserved for those at 80% AMI, and 177 units at market rents. This project cost approximately $57 million at the time of development. The project will close financing in August 2021.

Pipeline PFC and Finance Corporation Projects

Arbors at West Avenue – 4% LIHTC
Prospera, a local non-profit, is seeking to re-construct and rehabilitate 234 affordable rental units at 3747 West Avenue in Council District 1. This project has been induced by the PFC Board and Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Cattlemen’s Square – 4% LIHTC
Alamo Community Group, a local non-profit, is seeking to build 140 affordable rental units at 811 W. Houston St. in Council District 5. This project has been induced by the PFC Board and Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Crosswinds – 4% LIHTC
Pedcor Development and Associates is seeking to build 312 affordable rental units on 21 acres at 1604 and Bulverde/O’Conner in Council District 10. This project has been induced by the PFC Board and Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Country Club Village – 4% LIHTC
Prospera, a local non-profit, is seeking to construct and rehabilitate 270 affordable rental units along Magic Drive in Council District 7. This project has been induced by the Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Loma Vista – 4% LIHTC
Cohen Esry is seeking to build 288 affordable rental units on 21 acres at 363 N. General McMullen Drive in Council District 5. This project has been induced by the PFC Board and Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Aspire at Vida – 4% LIHTC
Mission DG is seeking to build 257 affordable units and 31 market units at Jaguar Blvd and Verano Parkway in Council District 3. This project has been induced by the Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Four25 – 9% LIHTC
Franklin Development is seeking to build 80 affordable rental units at 425 San Pedro in Council District 1. This project has been induced by the PFC Board and is awaiting an award of 9% LITHC from the State of Texas Department of Housing and Community Affairs.

E. Commerce Apartments – PFC
Cohen Esry is seeking to build 125 affordable units and 125 market units on 21 acres at 3623 East Commerce St. in Council District 2. This project has been induced by the PFC Board and is awaiting a commitment of HUD debt and equity financing.

Valor Club – 4% LIHTC
Century Pacific is seeking to build 324 affordable units on 20 acres of land south of E. Southcross at Pecan Grove in Council District 3. Rents are income averaged from 40% – 70% AMI. This project has been induced by the PFC and Finance Corporation Board and is currently awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Patriots Point – 4% LIHTC
Operation Finally Home, a non-profit and Liberty Multifamily is seeking to construct 320 affordable rental units on10.6 acres of vacant land along S. Zarzamora south of Loop 410 in Council District 3. This project has been induced by the Finance Corporation Board and is awaiting a reservation of private activity bonds from the State of Texas Bond Review Board.

Esperanza Community Land Trust

The Esperanza Peace and Justice Center shall create the Esperanza Community Land Trust, designed to permanently preserve existing low‐income housing in San Antonio’s Historic Westside. The Trust will acquire and renovate older westside homes and rent/resell them to persons at or below 30% AMI. The Trust will create a Demolition Emergency Fund to work with households whose homes are at risk for demolition. In first year, the Esperanza Trust will renovate three newly acquired homes and prevent demolition of 8‐10 existing homes, preventing displacement of 11‐13 families at an average cost per unit of $23,077.

Roseville Apartments Rehabilitation

The Roseville Housing Trust was awarded $900,000 to support the Hidden Jewel Housing Project, a $1.94 million ADA-compliant rehabilitation of an 88 unit, extremely low income, elderly property located at 4139 E. Houston. The project will include new doors/levers, new windows, LED lighting, ADA Bathroom renovations, ADA Kitchen renovations, breaker panels, cabinetry, tile flooring, and painting. 94% of residents have income below $10,000 per year. Average cost per unit is $22,028.

Habitat for Humanity Rancho Carlota Subdivision

Habitat was awarded $200k to support the $2.89 million Rancho Carlota Subdivision, located at 13801 Watson Rd, which will eventually build out approximately 250 new three–four‐bedroom single‐family homes. The SAHT Trust will provide the gap funds necessary to compensate for increased construction-related costs for 20 newly constructed units at <60% AMI during Phase I of the project which totals 67 units. Homes are sold to income-qualified families for $95,000 with 0% mortgages for up to 25 years. Average cost per unit is $20,000.

Our Casas Resident Council

Our Casas was awarded $240k as construction financing to support the infill vacant lot development of five single-family homes located on Vera Cruz, Santiago, and Chihuahua on the eastern side of Apache Creek located near the west side. The single‐family homes, when completed, will be sold to households at or below 80% of AMI. The land is currently owned by Our Casas. Assistance is being provided in the form of a 0% construction loan repayable in 12 months or at time of sale.

Housing First Community Coalition - Town Twin Village

HFCC was awarded $829k to support Phase I construction of the Towne Twin Village, an $11.8 million permanent supportive housing development assisting seniors over the age of 50 who are experiencing chronic homelessness. The development is located on 17 acres at 4711 Dietrich Rd. on the east side. Phase I includes 42 tiny homes, 25 RV Trailers, multi‐purpose complex, hospitality pavilion, and centralized laundromat. SAHT funds will be used to construct an estimated 20 tiny homes at an estimated average cost per unit of $41,450.

1. Pipeline PFC and Finance Corporation Projects

Arbors at West Avenue

4% LIHTC

Cattlemen's Square

4% LIHTC

Crosswinds

4% LIHTC

Country Club Village

4% LIHTC

Loma Vista

4% LIHTC

Brooks Senior Housing

4% LIHTC

Aspire at Vida

4% LIHTC

Four25

9% LIHTC

E. Commerce Apartments

PFC

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