From the San Antonio Housing Authority's (SAHA) press release:
In a momentous occasion for the city’s largest affordable housing developer, the San Antonio Housing Authority (SAHA) Board of Commissioners approved $486 million to build and pursue financing for 14 affordable housing developments in the San Antonio area, including redeveloping the oldest public housing community in the United States.
“We received a call to action from the Housing Policy Task Force to increase the affordable housing options in San Antonio, and I’m proud to announce we are fulfilling and even exceeding that promise,” Dr. Morris A. Stribling, DPM, Chairman of SAHA’s Board of Commissioners said. “While SAHA has always sought new innovative ways to finance new affordable housing developments, we are particularly overjoyed of the nearly half a billion in investments that today’s board decision vote means for the City of San Antonio.”
No other modern developments in the San Antonio area will offer such deeply subsidized units. The affordability of some of the units will be available for rent to individuals earning as low as 30 percent of the area median income, or AMI.
Read SAHA's press release "SAHA Board Approves $486 Million in Future San Antonio Area Affordable Housing Developments."