City officials held community conversations through June 16, 2026, to share program outcomes, gather public feedback, and announce future affordable housing investments. A public report summarizing community feedback is expected later this summer.
The bond has generated over 5,170 housing developments across the community. More than 3,100 homes have been created or preserved, with approximately 1,100 additional homes under construction and 970 homes in the development pipeline. Even so, the work is still early. As of April 2026, the city had completed roughly 31% of the developments in the bond package.
The current Affordable Housing Bond provides funding through 2027. Maintaining or expanding affordable housing investments beyond that period would require city officials to secure voter approval for a new bond measure in May 2027.
The shape of that successor measure is now being debated, and a tighter city budget is shrinking what San Antonio can borrow. The 2027 bond is projected at roughly $625 million, about half the size of the 2022 package, as lower property values reduce the city’s bonding capacity, the San Antonio Report found. City staff has floated a variable debt rate strategy to raise that figure without a tax rate increase, with exact numbers expected later this summer.
San Antonio voters approved the $1.2 billion 2022-2027 Affordable Housing Bond Program in May 2022, including a $150 million proposition, which is the first bond of its kind in the city’s history. The bond supports production and preservation of affordable housing citywide as part of the Strategic Housing Implementation Plan (SHIP).
What the Bond Funds:
- Homeownership rehabilitation and preservation
- Rental rehabilitation and preservation
- Rental Housing production
- Permanent Supportive Housing
- Homeownership Production
Through voter approved bonds, the program increases the supply of safe, affordable housing near jobs, transit, and essential services. As housing costs continue to outpace incomes for many households, targeted public investment can reduce affordability gaps and improve access to stable housing. To maximize impact, policymakers may pair bond funding with strong oversight and accountability measures.