{"id":385,"date":"2026-05-17T19:01:15","date_gmt":"2026-05-17T19:01:15","guid":{"rendered":"https:\/\/sanantoniomovingreport.com\/?p=385"},"modified":"2026-05-17T19:01:15","modified_gmt":"2026-05-17T19:01:15","slug":"new-affordable-apartments-open-near-pearsall-park-as-demand-for-housing-grows-on-south-side","status":"publish","type":"post","link":"https:\/\/sanantoniomovingreport.com\/?p=385","title":{"rendered":"New affordable apartments open near Pearsall Park as demand for housing grows on South Side"},"content":{"rendered":"
\n

Just a few years ago, the intersection on Holm Road was surrounded by low trees and head-high brush. Now, that stretch is overlooked by four stories of affordable housing.<\/p>\n

Read more He went from dishwasher to restaurateur. Here\u2019s the Hollywood story behind Benjie\u2019s Munch.<\/a><\/p>\n

It\u2019s part of a growing fleet of affordable apartment complexes being built in parts of San Antonio\u2019s Southwest Side as housing advocates champion new living spaces and developers invest in a growing community.<\/p>\n

On Wednesday, Lincoln Avenue Capital celebrated the opening of Leon Creek Flats \u2014 308 affordable apartments a stone\u2019s throw from Pearsall Park.<\/p>\n

It\u2019s one of four new apartment complexes the company is opening this summer. Blake Hopkins, vice president of regional projects in Texas for Lincoln Avenue Capital, says the developer has been anticipating additional growth on the South Side.<\/p>\n

Local officials who spoke at the ribbon cutting last week lauded the appearance of the apartments. Units had polished granite countertops, stainless steel appliances and come with washers and dryers. <\/p>\n

Low-income folks deserve to have quality homes, said Councilman Edward Mungia (D4) who represents the area. \u201cIt feels great. This is such a quality product.\u201d<\/p>\n

Leon Creek Flats has 47 units set aside for people making less than 30% of the area median income. The rest are for people making up to 60% of the area median income. That\u2019s $26,650 and $52,200, respectively, for a family of three.<\/p>\n

It\u2019s the latest, but by no means the last, affordable housing development to hit South San Antonio. The $64.9 million project is using a $2.5 million loan from the city\u2019s affordable housing bond, along with federal Low-Income Housing Tax Credits (LIHTC).<\/p>\n

The 2022 Affordable Housing Bond will wind down next year, but for now its funds are still being used for projects nearby, like the 288-unit Palladium at VIDA, and for new affordable apartments across the South Side. <\/p>\n

will be in San Antonio\u2019s southernmost council districts in District 3 and District 4.<\/p>\n

That wasn\u2019t planned, said Ian Benavidez, deputy director of the city\u2019s Neighborhood and Housing Services Department (NHSD). Projects are scored based on how they meet housing bond priorities, like proximity to jobs, transportation and green space. Those new apartment proposals have met those needs.<\/p>\n

\u201cThere is an availability of land. They\u2019re able to connect to a lot of our other priorities,\u201d he said.<\/p>\n

Private developers bring the proposals forward based on where they see possibilities. Other types of projects funded by the housing bond, like rental rehabilitation or home production, are concentrated in other parts of San Antonio.<\/p>\n

\u201cOur distribution of projects is pretty spread out,\u201d Benavidez said. \u201cWe respond to the proposals that are submitted to us.\u201d<\/p>\n

But developers are seeing opportunities across the South Side. Lincoln Avenue Capital is building a senior living complex next to Leon Creek Flats called Residences at Pearsall Park. A pair of affordable family-style and senior living apartments called Sageland Flats and Mesquite Trails are also being built at Brooks.<\/p>\n

Read more Ranch lessons and courtroom experience shape Jane Davis\u2019 DA campaign<\/a><\/p>\n

Pete Alanis is the executive director of the San Antonio Housing Trust, which partnered with Lincoln Avenue Capital to develop Leon Creek Flats.<\/p>\n

\u201cThis area of town has been very long underrepresented in affordable housing,\u201d he said. \u201cPeople want to live and continue to live in their neighborhoods.\u201d<\/p>\n

Affordable apartments gave Southside residents options near their childhood homes to help keep communities together. \u201cWe\u2019re seeing in a lot of neighborhoods in San Antonio, families are growing older and children are moving out of neighborhoods. We need to build opportunities for people to stay.\u201d<\/p>\n

Mungia said there\u2019s a need for all kinds of housing in his district, from affordable to market rate, to meet community needs. He hopes, though, that high-quality affordable housing opportunities like Leon Creek Flats pushes out other landlords, property managers and competitors.<\/p>\n

\u201cIt\u2019s also on other people in the private space to do more for their properties,\u201d he said.<\/p>\n

Which units are filling up?<\/h4>\n

Many of the units at Leon Creek Flats have already been leased.<\/p>\n

Hopkins said the units targeted toward 30% AMI households had leased up quickly. Those targeted towards 60% AMI households were about half full.<\/p>\n

Kayla Miranda, director of the Coalition for Tenant Justice, said she\u2019s concerned that units for higher AMIs aren\u2019t meeting affordable housing needs in San Antonio. <\/p>\n

For example, 60% of AMI in the San Antonio-New Braunfels metro area is $52,200 for a family of three. That\u2019s the income requirement used for Leon Creek Flats.<\/p>\n

\u201c[The U.S. Department of Housing and Urban Development] sets that for the area of San Antonio-New Braunfels,\u201d Miranda said. \u201cWe\u2019re not looking at what\u2019s affordable to the City of San Antonio.\u201d<\/p>\n

In Leon Creek Flats\u2019 ZIP code, 78242, incomes are lower than in the wider metro area, according to the U.S. Census Bureau. The median income for households in that ZIP code is actually $50,644, less than what would be 60% AMI across the metro area. <\/p>\n

Thirty-percent of that ZIP code\u2019s median income is closer to $15,000, according to census bureau data, not the $26,650 laid out under the AMI guidelines.<\/p>\n

Rents should be set at specific incomes, Miranda said, like housing vouchers which guarantee rent at 30% of a person\u2019s income. <\/p>\n

San Antonio Housing Trust\u2019s executive director agreed that housing units could be hard to get into, even when they are affordable. Alanis says he still wants to build affordable housing, though.<\/p>\n

\u201cIt is harder for many of our lowest-income folks in any ZIP code, not just this one. There are many San Antonio community members that can\u2019t afford market rent levels and rent levels at even our LIHTC projects,\u201d he said in an email. \u201cIt doesn\u2019t mean we shouldn\u2019t build new affordable supply that do provide affordability for many members of the community.\u201d<\/p>\n

Read more Personal adversity, compassion drive Luz Elena Chapa in tough District Attorney race<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Leon Creek Flats’ 308 affordable apartments just opened up on the Southwest Side thanks in part to the city’s 2022 Affordable Housing Bond.<\/p>\n","protected":false},"author":1,"featured_media":384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"\nNew affordable apartments open near Pearsall Park as demand for housing grows on South Side - San Antonio moving report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sanantoniomovingreport.com\/?p=385\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New affordable apartments open near Pearsall Park as demand for housing grows on South Side - 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