SAN ANTONIO – The City of San Antonio has officially opened its first affordable multi-family housing complex.
Los Arcos at VIDA is the first completed rental production community that was approved by voters through the 2022 Affordable Housing Bond. The project w as in partnership with investments from the U.S. Department of Housing and Urban Development funding.
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“Based on a shared vision of equity and opportunity, Los Arcos at VIDA sets a new standard for community-driven solutions and will truly redefine what affordable housing looks and feels like in San Antonio,” said Mayor Ron Nirenberg.
Los Arcos at VIDA was developed in San Antonio’s District 4 by The NRP Group in partnership with the San Antonio Housing Trust Public Facility Corporation.
This partnership represents a $81.37 million investment supported by $2.06 million from the 2022 bond. Other funding came from the Neighborhood Stabilization Program grant funds, which equaled $942,054. Another $2.25 million came from federal HOME Investments Partnership grant fund.
“Los Arcos at VIDA represents a deep-seated commitment to ensuring that no one is left out or left behind as our district continues to thrive. It’s a reminder that progress must be inclusive and equitable for all who will live, work, and study here. Together, we will continue to build a brighter future for all,” said Dr. Adriana Rocha Garcia, District 4 councilwoman.
The new community will offer 324 units, providing housing for Area Median Income (AMI) levels: 49 homes at 30% AMI, 161 homes at 60% AMI, and 114 at 70% AMI, according to a news release. The assortment of rental homes includes 12 one-bedroom, 132 two-bedroom, 144 three-bedroom, and 36 four-bedroom apartments.
“This is more than just a milestone for the Affordable Housing Bond—it’s a defining moment for San Antonio, showcasing what we can achieve when we come together with purpose and determination,” stated Veronica Garcia, director for Neighborhood and Housing Services.
Amenities will include two playgrounds, a fitness center, activity rooms, outdoor kitchens, EV charging stations and community programs, such as financial literacy and health screenings.
The new community is located near Texas A&M San Antonio, Toyota Manufacturing, and University Health’s new Palo Alto Hospital.
