What We're Working On

Projects in Construction

The San Antonio Housing Trust and their respective partners are currently working on 18 projects under construction, making up 4,441 rental homes. Of these, 3,239 rental homes will range from <30% to 60% AMI. 

The Whitney – PFC Structure
The SAHT PFC has partnered with GoodHomes, LLC to preserve 220 units located on .89 acres in the heart of Downtown,  within Council District 5. The property, currently a Sonesta Suites, will undergo renovations and provide workforce housing. The community will provide 5 units for households at 40% AMI, 35 units for households at 50% AMI, 71 units for households at 80% AMI, and 109 market rate units. The project closed financing in December 2025 and is anticipating completion of rehabilitation in 2027.

Commons at Acequia Trails – 4% LIHTC Structure (Permanent Supportive Housing)
The SAHT PFC has partnered with SAMM Ministries on a new 201 unit – 4% Low Income Housing Tax Credit development located on 6.9 acres of land at Old Corpus Christi Road and South Presa in Council District 3.  The apartment community will provide studio-to-1 bedroom units with 31 units at 30% Area Median Income and 170 units at 60% Area Median Income. The project closed financing in January 2025, with a scheduled completion date of January 2027.

Creekbend Apartment Homes – 4% LIHTC Structure
The SAHT PFC has partnered with Pedcor Development on a new 312 unit – 4% Low Income Housing Tax Credit development located on 18 acres of land at the NW Corner of US Highway 281 N at Borgfield Road in Council District 9.  The apartment community will provide 16 units for households at 30% Area Median Income (AMI) and 296 units reserved for households at 60% AMI. The project closed financing in November 2024, with a scheduled completion date of December 2026.  

The Maya – PFC Structure
The SAHT PFC has partnered with American Agape Foundation to preserve 252 units located on 8.4 acres of land at 1946 N Loop 410 in Council District 10. The apartment community will provide 26 units for households at 30% Area Median Income (AMI), 21 units for households at 50% AMI, 98 units for households at 60% AMI, and 107 units for households at 70% AMI. The project closed financing January 2026.

Stones Crossing Apartment Homes – 4% LIHTC Structure
The SAHT PFC is seeking to partner with Pedcor Development on a new 336 unit – 4% Low Income Housing Tax Credit development located on 18.8 acres of land at US HWY 281 & Stone Oak Parkway in Council District 9.  All 1-to-3 bedroom units will be rent and income restricted to families at 60% of Area Median Income. The project closed financing February 2026. 

The Orion Apartment Homes – 4% LIHTC Structure
The SAHT PFC is seeking to partner with Pedcor Development on a new 336 unit – 4% Low Income Housing Tax Credit development located on 23.8 acres of land on South Loop 410 frontage road, near Palo Alto, in Council District 4.  The apartment community will provide 1-to-4-bedroom units with 34 units reserved for those at 30% Area Median Income, 200 units reserved for those at 60% Area Median Income, and 102 units reserved for those at 70% AMI. The project closed financing February 2026. 

Palladium San Antonio – 4% LIHTC Structure 
The SAHT PFC has partnered with Palladium USA on a new 288 unit – 4% Low Income Housing Tax Credit development located on 18 acres of land at Military Rd and Old Pearsall Rd in Council District 4. All units will be rent and income restricted to those at varying incomes between 30% and 80% Area Median Income (AMI) and will deliver 1-to-3-bedroom units. 44 units will serve families at or below 30% of AMI; 29 units at 50% AMI; 158 units will serve families at or below 60% of AMI; 27 units will serve families at or below 70% of AMI ; 30 units will serve families at or below 80% of AMI. The project closed financing in July 2024 and anticipates completion in 2026.

Residences at Pearsall Park – 4% LIHTC Structure (Senior Housing)
The SAHT PFC has partnered with Lincoln Ave Capital on a new 237 unit – 4% Low Income Housing Tax Credit development located on 7.5 acres of land at Old Pearsall Road at Ray Ellison in Council District 4. All units will be rent and income restricted to those at varying incomes at 30% and 60% Area Median Income and will provide for 1 and 2-bedroom units. 24 units will be reserved for those at 30% Area Median Income and 213 units will be reserved for those at 60% Area Median Income. The project closed financing in August 2024 and is anticipating completion in 2026.

Cedar Ridge Terrace – 4% LIHTC Structure (Senior Housing)
The SAHT PFC has partnered with Lincoln Ave Capital on a new 239 unit – 4% Low Income Housing Tax Credit development located on 6.5 acres of land at Brooks City Base along Research Plaza in Council District 3.  All units will be rent and income restricted to families ranging from 30-70% of Area Median Income and will provide 1- and 2-bedroom units. 36 units will be reserved for those at 30% Area Median Income, 167 units will be reserved for those at 60% Area Median Income, and 36 units will be reserved for those at 70% Area Median Income. The project closed financing in August 2024 and anticipates completion in 2026.

Sageland Flats – 4% LIHTC Structure
The SAHT PFC has partnered with Lincoln Ave Capital on a new 338 unit – 4% Low Income Housing Tax Credit development located on 13.07 acres of land at Brooks City Base along Research Plaza in Council District 3.  All units will be rent and income restricted to families ranging from 30-70% of Area Median Income and will provide 1-to-3 bedroom units. 51 units will be reserved for those at 30% Area Median Income, 236 units will be reserved for those at 60% Area Median Income, and 51 units will be reserved for those at 70% Area Median Income. The project closed financing in July 2024 and anticipates completion in 2026.

Legacy Senior Residences – 4% LIHTC Structure (Senior Housing) 
The SAHT PFC partnered with Cornerstone Housing Group on a new 180 unit – 4% Low Income Housing Tax Credit development for older adults over the age of 55 located on 7.9 acres of land at S. New Braunfels behind the State Hospital in Council District 3. 18 units will be rent and income restricted to older adults at or below 30% Area Median Income and 162 units will be restricted for older adults at or below 60% Area Median Income. The project will provide 1-to-2-bedroom units. Legacy Senior Residences closed financing in August 2024 and is scheduled for completion in 2026.

Pavillion at Culebra (Sunstone) – 4% LIHTC Structure
The SAHT PFC has partnered with Tirol Housing to develop 199 units at 4740 Culebra Road in Council District 5. This community will provide affordable housing for households with incomes varying at 30%-60% of the Area Median Income (AMI), with 21 units reserved for households at or below 30% AMI and 178 units for households at or below 60% AMI. This project closed financing in August 2023, with a scheduled completion date of in 2026.

Lofts at Creekview – 100% Tax Exempt Bonds Structure
The SAHT PFC closed financing on 301 units on 21 acres located at 3623 East Commerce St. in Council District 2. Cohen Esry is the developer of the property however, SAHT shall have full ownership of the project with capital provided by the sale of Tax-Exempt Bonds to cover the cost of the project. This community will provide affordable housing for households with incomes varying at 50% – 80% of Area Median Income (AMI), with 30 units reserved for those at 30% AMI, 60 units reserved for those at 50% AMI, 136 units reserved for those at 60% AMI, and 75 units reserved for those at 80% AMI. SAHT will utilize equity built into the project over time to reduce the number of market rent units to rent restricted units after the initial refinance period.

Country Club Village – 4% LIHTC Structure (Senior Housing)
The San Antonio Housing Trust PFC issued $35 million in Tax Exempt Private Activity Bonds in support of the Prospera Housing Community Services, a local affordable housing non‐profit organization, and Versa Development, LLC, partnership to develop a 4% Low Income Housing Tax Credit project. Country Club Village is an existing 82‐unit, age restricted project for older adults over the age of 62 which will be rehabilitated, and an additional 188 units will be newly constructed on an adjacent 7+ acres. All 270 units shall be rented to individuals meeting the age restrictions and whose incomes are at or below 60% Area Median Income. 41 units will be reserved for individuals at or below 30% AMI, and 229 units will be reserved for individuals at or below 60% AMI. The 82 rehabilitated units will continue with a direct HUD Section 8 Project Based Voucher (PBV) Contract.

Leon Creek Flats – 4% LIHTC Structure
The SAHT PFC partnered with Lincoln Avenue Capital on a new 308 unit – 4% Low Income Housing Tax Credit development located on 10.6 acres of land at Ray Ellison and Old Pearsall Rd in Council District 4. All units will be rent and income restricted to families at varying incomes between 30% and 60% Area Median Income (AMI) and will provide for 1-to-3-bedroom units. 47 units will serve families at or below 30% of AMI; 261 units will serve families at or below 60% of AMI. The project closed financing July 2023 and is anticipating completion in 2026.

Palladium Crestway Apartments – 4% LIHTC Structure
The SAHT PFC partnered with Palladium USA on a new 270 unit – 4% Low Income Housing Tax Credit development located on 10.1 acres of land at Crestway Rd near Randolph Blvd in Council District 2. All units will be rent and income restricted to families at varying incomes between 30% and 80% Area Median Income and will provide 1-to-3-bedroom units. Thirty units will serve families at or below 30% of Area Median Income; 187 units will serve families at or below 60% of Area Median Income; 18 units will serve families at or below 70% of Area Median Income; 36 units will serve families at or below 80% of Area Median Income. The project closed financing August 2023 and is anticipating completion in 2026.

Friedrich Lofts – PFC Structure
The SAHT PFC has partnered with PRA Realty Group to convert approximately 7.5 acres of blighted industrial vacant buildings into 358 units of rental housing at 1617 E. Commerce in Council District 2.  This apartment community will have 25 units reserved for households at or below 60% Area Median Income (AMI), 153 units reserved for households at or below 80% AMI, and 180 units at market rents. The project began demolition in April 2022, with a scheduled construction start date of January 2025.

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