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 was in partnership with investments from the U.S. Department of Housing and Urban Development funding.
“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 …