City and housing officials are grappling with what comes next, especially when it comes to access and affordability. Previous development focused more on increasing the total number of downtown homes, said Mia Loseff, a policy analyst for Texas Housers, a nonprofit organization focused on low-income housing. New policy and incentives need to be more attuned to encouraging housing for every income level, and realizing “the most affordable housing is the structures we already have,” she said.
Half of San Antonio’s affordable housing is not subsidized, thus more subject to market forces. Groups like the Esperanza Peace and Justice Center and others have promoted the development of land trusts as well as targeted investments to help homeowners.
Mayor Ron Nirenberg and his administration have created means to invest in housing, including setting aside funding for affordable housing and establishing a $1 million risk mitigation fund in 2019 to help residents displaced by development, which will receive $4 million in additional funds this year.
The city is seeking to complete a new strategic housing plan, which includes proposals to offer incentives for private-sector development and create 28,000 units in the coming decade that will mostly support lower-income residents. And in May, the city will vote on a planned $250 million affordable housing bond measure that would fund construction, preservation and land banking.
Now is the time to figure out the right formula for preserving the city’s heritage and maintaining affordable housing, said Mr. Martin of the National Association for Latino Community Asset Builders.
“I understand the city wanting to leverage the culture, but it needs to be followed with equitable preservation for the folks who are there,” he said.
Source : https://www.nytimes.com/2021/10/05/business/san-antonio-downtown-redevelopment.html286