San Antonio (Bexar County) — City Council approved a resolution in support of an affordable housing project near Brooks City Base that, if financed, will be built on 12.5 acres of city-owned land.
The resolution of “No Objection” was on behalf of Franklin Development Properties Ltd., a San Antonio-based developer of multifamily communities that has specialized in low and mixed income projects. The resolution, which was approved on a consent agenda, is a requirement on an application to the Texas Department of Housing and Community Affairs (TDHCA) for qualification of the non-competitive 4% housing tax credit finance program.