File photo
File photo
The Alamo Ranch area will have new affordable housing developments designed for families suffering from the COVID-19 financial crisis.
“Lynd Development is proud to be partnering with San Antonio Housing Authority on the development of Lynd Living at Culebra Commons,” CEO of the Lynd Company David Lynd said. “This project will deliver much-needed housing to one of the fastest-growing submarkets in the city.”
Of Lynd Development's 327 new living spaces, 164 will be offered to families earning up to 80% of the family's Area Median Income. The remaining 163 units will be leased at the standard market price. To qualify for affordable housing, families must meet a sliding scale for income based on size.
“SAHA made a commitment to San Antonio to increase the affordable housing stock in the city and this morning’s groundbreaking is another part of our multi-year commitment to do just that,” San Antonio Housing Authority president and CEO David Nisivoccia said.
Lynd added the development will have a full-time Veterans Service Organization (VSO) officer to counsel families.
“In keeping with our initiative to support our veterans, we will partner with the VA hospital to house some of our nation’s heroes,” Lynd said. “The site will have a full-time VSO officer that will provide counseling, assistance accessing benefits and rides to the VA Hospital.”