New Lavaca apartments include some short-term rentals

New Lavaca apartments include some short-term rentals

San Antonio officials celebrated poolside Wednesday at the grand opening of 100 Labor, a 213-unit mixed-income apartment complex in the Lavaca neighborhood that’s been at least six years in the making.

“This development brings much-needed workforce housing … to downtown San Antonio for residents who work in important tourism and service industry jobs,” said Michael Reyes, acting president and CEO of Opportunity Home, the local housing authority that owns the development. “In order to ensure housing of this kind is achieved, we have to be creative with our approach,”

Forty-four, or 20%, of the apartments will be reserved for residents with little to no income, Reyes said. Residents who apply to live in those units must earn between 0% and 15% of the area’s median income — that’s less than $9,300 per year or less for an individual — to qualify. Those residents’ rent will be capped at 30% of their income.


link

Leave a Reply

Your email address will not be published. Required fields are marked *