The San Antonio Housing Trust Public Facility Corporation (PFC) recently approved the issuance of up to $111 million in multifamily housing revenue bonds for three mixed-income projects. According to the San Antonio Business Journal, these awards will partially fund the projects.
Up to $43 million of those bonds will go towards Palladium USA’s Palladium Crestway project on the Northeast Side, which is planned to create 270 affordable units offered at 60% area median income (AMI). Another $43 million would be allocated towards Macerich’s Leon Creek Flats development, also offering 312 units restricted at 60% AMI.
Just west of downtown lies Alamo Community Group’s Cattleman Square Lofts project which was earmarked for a total of $25 million from these bonds; all its units are set on an AMI scale with 21 designated as 30%. As part of this bond issuance process, The Housing Trust PFC has become a general partner in each development.
