Pedcor Cos. has submitted an application for 4% housing tax credits to the Texas Department of Housing and Community Affairs (TDHCA) in order to develop a 240-unit affordable housing project in far North San Antonio. Upon approval from TDHCA, Pedcor will receive $27 million worth of tax credits over a span of 10 years for Creek Bend Phase 2, which is estimated to cost $70.3 million.
The San Antonio Housing Trust (SAHT) will be collaborating with Pedcor on this project. Located within one mile of Creek Bend Phase 1 – a previous joint venture between Pedcor and SAHT – Phase 2 aims to provide units for families earning between 30% and %60 percent of the area median income (AMI). All apartments at this development will have rent restrictions set at or below %60 AMI.
Ranging from $435-$1,288 per month, rents at Creek Bend Phase two are expected to begin in June2026 with construction concluding by June2028 pending all necessary approvals are granted. With five apartment complexes already built within San Antonio’s city limits by Pedcor thus far(photo), they continue their commitment towards developing affordable housing options throughout the region.
