SASpeakUp on Housing Tax Credits
Neighborhood and Housing Services Department
Stage 1: Community Engagement
Open Date: September 25, 2019 Close Date: October 11, 2019
According to San Antonio’s Housing Policy Framework, half of all renters in the city spend more than a third of their income on rent. This means that families have less money left over for basic needs like food, transportation, healthcare, and quality of life.
The Housing Tax Credit (HTC) program helps build and preserve affordable housing all over the United States. Since 1986, the program has helped build affordable apartments for about 700,000 households in Texas. The City expects HTCs to fund more than 70% of all affordable apartments in San Antonio.
To receive HTCs, developers apply to the State. They need a letter of support from the City where they want to build. The City of San Antonio is updating our criteria for letters of support.