From Texas Public Radio

The San Antonio Housing Authority, a TAAHP member, is implementing a new initiative to provide affordable single-family homes to qualified buyers earning no more than 120% of the area median income (AMI). The organization partnered with a local builder to build homes in an area of downtown experiencing gentrification and that saw a 20% increase in values just this year. The program helps keep home prices down by approaching new developments with a team of lenders, builders and government agencies that look for ways to keep costs down.

Completion of the homes, priced from $130,000 to $160,000 is expected in 2020.

In order to keep the homes affordable for at least 20-years, homeowners agree maintain affordability by selling to those who earn no more than 120% of the area median income at the time of sale.

Founded in 1997, the Texas Affiliation of Affordable Housing Providers (TAAHP) is a non-profit trade association serving as the primary advocate and leading resource for the affordable housing industry in Texas. Our vision is to inspire and engage our members and stakeholders to end the affordable housing crisis in Texas.

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