San Antonio, TX welcomes new high-quality affordable housing with Vista at Silver Oaks

 

 Ron Nirenberg

SAN ANTONIO, TX – Opportunity Home San Antonio in partnership with an affiliate of Atlantic Pacific Companies (A|P), OCI Development, the City of San Antonio, PNC Bank, and Stellar Bank were joined by San Antonio leaders on Aug. 2, to celebrate the new construction of Vista at Silver Oaks, a new affordable housing community and a recipient of 2022 Affordable Housing Bond funds in North Central San Antonio.

 

“Vista at Silver Oaks is a tangible representation of housing affordability made possible by the affordable housing bond,” said City of San Antonio Mayor Ron Nirenberg. “It delivers on the promise of creating and expanding housing opportunity for all through partnership and determination.”

 

Rental prices will range from $593 to $1,370 for two- and three-bedroom units, and all are set aside for residents with qualified income up to 60% of the Area Median Income (AMI). A utility allowance will also be provided to all residents to help offset their utility expenses.

 

Eight of the units are deeply affordable for individuals or families who earn less than 30% AMI, which is an annual income of less than $23,750 for a household of three. 

An additional 22 units are reserved for households making 50% AMI, which is an annual income of less than $28,500 for a household of three.

Anita Fernández

"OCI Development is proud to be a part of our community's shared vision of creating more equitable access to high quality affordable housing. 

"Along with our partner, an affiliate of Atlantic Pacific Companies, we remain invested in community-focused and relationship-based development that will continue to positively transform San Antonio now and for years to come,” Anita Fernández, Partner & Co-Founder of OCI Development.

Veronica Garcia

"As we begin to see projects supported by the Affordable Housing Bond break ground, we are thankful for partnerships from organizations who are dedicated to increasing the affordable housing supply for San Antonio," said Veronica Garcia, Director of Neighborhood and Housing Services for the City of San Antonio. 

“Vista at Silver Oaks is a demonstration of a community that supports renters with more than just a home.”

 

The development is projected to be completed in Summer 2024 and will begin pre-leasing prior to completion.

CONTACTS:

 

Jessica Wade Pfeffer |jessica@jwipr.com | 305.804.8424

Margie Sernik | margie@jwipr.com | 786.200.2516