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City begins $17M effort to make housing in San Antonio more affordable

SA Tomorrow deals with housing, urban development, transportation, education, health, and the environment. Video by Fox San Antonio.

Just days after the city voted to invest $17 million into affordable housing programs, Mayor Ron Nirenberg brought together hundreds of advocates and city leaders for a housing summit.

Housing advocates, developers and other stakeholders came together on Tuesday morning to discuss affordable housing initiatives using that money.

Mayor Ron Nirenberg says there are several issues that keep San Antonians from being able to afford a home.

“We are tackling this issue comprehensively as a community before it reaches a crisis level as it has been so many other cities across the country,” Nirenberg said.

A recent housing report found San Antonio's population will grow by one million people by 2040, but there aren't enough housing options for those already living here and many are struggling to find an affordable home. Research also showed that in the last five years, housing costs in San Antonio have risen by 5-percent each year but income only increased by less than 2-percent.

"Affordability issues, gentrification issues, making sure we address the gap and supply and demand and we make sure we’re building a sustainable and healthy community that we can all prosper from," said Nirenberg.

One of the top priorities city leaders are considering is creating a community-wide housing system that includes public and private housing providers.

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