San Pedro Apartment Complex Ready for Completion

San Antonio celebrates the near completion of the Four25 San Pedro apartment complex, aimed at providing affordable housing for low-income and homeless families. This development, overcoming several hurdles, signifies a major advancement in tackling the city’s housing affordability crisis.

Four25 San Pedro – A Beacon of Hope in San Antonio

After an eight-year journey filled with challenges and breakthroughs, San Antonio is on the verge of completing one of its most anticipated projects, the Four25 San Pedro apartment complex. This development is designed to provide much-needed affordable housing options for homeless families and individuals struggling with housing insecurity.

Overcoming Challenges to Make a Difference

The journey to bring Four25 San Pedro to life was fraught with obstacles including neighborhood opposition, stringent state regulations, and economic uncertainties exacerbated by the COVID-19 pandemic. However, the persistence of city officials and developers has paid off. Last Friday marked a significant milestone with the San Antonio Housing Trust Public Facility Corporation (PFC) green-lighting the project, ensuring a property tax exemption crucial for its financial viability.

Strategic Funding and Support Services

With a budget of $30.4 million, the complex will include 80 units and offer comprehensive on-site services aimed at supporting its residents. Services provided by SAMMinistries will include a food pantry and case management, essential for the well-being of the families that will call Four25 San Pedro home.

The project also benefits from a variety of funding sources, including federal low-income housing tax credits, a substantial mortgage facilitated by housing vouchers, and public subsidies, illustrating the complex funding strategies necessary for such developments.

A Model for Future Developments

The Four25 San Pedro project is not just a housing complex but a pioneering model for future developments. It integrates permanent supportive housing with low-income units, creating a sustainable living environment that supports residents’ stability and growth. The city plans to replicate this model in future projects across San Antonio, addressing the widespread need for affordable housing.

The Bottom Line

As construction is expected to commence soon, with completion targeted for December 2025, Four25 San Pedro stands as a testament to San Antonio’s commitment to solving its housing crisis. It represents a significant step forward in providing stable, affordable housing solutions and supportive services to those in need.

For more information on affordable housing opportunities and to explore your options, Find Down Payment Assistance Programs Near You.