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Affordable Housing Stalled Again | San Antonio News
Another affordable housing dream is stalled—over a million dollars in taxpayer cash already spent, and the site’s still sitting empty, fenced off with barrels, turning into an eyesore for neighbors. Once meant to transform a former industrial complex into 358 lofts—with half at reduced rates—the project’s been stuck for nearly a decade. Demolition finally happened last year, but environmental hurdles and soaring inflation/interest rates have derailed financing, pushing costs from $92M to $100M. The developer, partnered with the San Antonio Housing Trust, isn’t paying property taxes, but…
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