In a significant step towards addressing the affordable housing crisis in San Antonio, the Audit and Accountability Committee has approved a proposal to allocate $1.9 million in gap funding for a single-family housing development project. This funding, which is part of a larger initiative supported by federal HUD funds, aims to create new homeownership opportunities for families earning 80% or less of the area median income, which translates to an annual income of less than $64,000 for a family of three.

Veronica Garcia, the director of the Neighborhood and Housing Services Department, presented the proposal during the committee meeting held on May 13, 2025. She emphasized the urgent need for affordable housing in San Antonio, where the average home price hovers around $300,000. The funding will support the construction of 28 new homes, with an average price expected to be below $200,000, making them accessible to low-income families.

The committee's decision follows a thorough evaluation process that began with a solicitation issued in December 2024, which attracted responses from various developers. After careful review, the evaluation committee recommended one proposal that scored 84.67 out of 100 based on criteria such as development experience and affordability. Notably, some proposals were disqualified due to prohibited campaign contributions from board members of the applying organizations.

The next step involves a formal consideration by the City Council on May 29, where the funding award will be finalized. This initiative is part of a broader effort to enhance housing availability and affordability in San Antonio, reflecting the city's commitment to supporting its residents in achieving homeownership. The approval of this funding marks a crucial move towards alleviating the housing challenges faced by many families in the community.