City Celebrates Affordable Multi-Family Housing Complex Funded by Bond
Published on January 29, 2025
Los Arcos at VIDA is already housing families.
SAN ANTONIO (January 29, 2025) – City of San Antonio leaders and partners have officially opened the 324-unit Los Arcos at VIDA on the city’s southside. It is the first completed rental production community that is supported by the voter-approved 2022 Affordable Housing Bond, in conjunction with a significant investment of U.S. Department of Housing and Urban Development funding. The project contributes to the more than 650 homes now complete with support from the Affordable Housing Bond.
"Based on a shared vision of equity and opportunity, Los Arcos at VIDA sets a new standard for community-driven solutions and will truly redefine what affordable housing looks and feels like in San Antonio,” said Mayor Ron Nirenberg. “This is truly a benchmark moment for the City, the dedicated workers with the Neighborhood and Housing Services Department who made this happen, and the voters who knew the potential of the Affordable Housing Bond.”
Los Arcos at VIDA, developed in San Antonio's District 4 by The NRP Group in partnership with the San Antonio Housing Trust Public Facility Corporation, represents a $81.37 million investment supported by a $2.06 million 2022 Affordable Housing Bond contribution, $942,054 in Neighborhood Stabilization Program grant funds, and $2.25 million in federal HOME Investments Partnership grant funding.
“Today, we celebrate a milestone that bridges our district's incredible economic growth that has been happening for nearly two decades with the urgent need for affordable housing,” said District 4 Councilmember Dr. Adriana Rocha Garcia. “Los Arcos at VIDA represents a deep-seated commitment to ensuring that no one is left out or left behind as our district continues to thrive. It’s a reminder that progress must be inclusive and equitable for all who will live, work, and study here. Together, we will continue to build a brighter future for all.”
The project offers 324 units, providing housing at the following Area Median Income (AMI) levels: 49 homes at 30 percent AMI, 161 homes at 60 percent AMI, and 114 at 70 percent AMI. The assortment of rental homes includes 12 one-bedroom, 132 two-bedroom, 144 three-bedroom, and 36 four-bedroom apartments.
"The Affordable Housing Bond and the incredible team behind it have worked tirelessly to transform the vision of Los Arcos from digital renderings into a vibrant reality," said Veronica Garcia, Director for Neighborhood and Housing Services. "This is more than just a milestone for the Affordable Housing Bond—it’s a defining moment for San Antonio, showcasing what we can achieve when we come together with purpose and determination.
“San Antonio’s 10-year affordable housing plan can only be achieved through partnerships and a shared vision of housing affordability across the city. We are thankful to all of our partners who played a role in making Los Arcos possible. Together, we’ve not only built housing; we’ve built hope, stability, and a future for hundreds of families in our community."
Amenities at Los Arcos at VIDA include two playgrounds, a fitness center, activity rooms, outdoor kitchens, EV charging stations and community programs, such as financial literacy and health screenings. The new housing community is located in the heart of the booming southwest side near Texas A&M San Antonio, Toyota Manufacturing, and University Health’s new Palo Alto Hospital.
"Los Arcos at Vida exemplifies the critical role public-private partnerships play in addressing the growing demand for affordable housing in San Antonio,” said Nick Walsh, Vice President of Development at The NRP Group. “This collaborative effort between the City of San Antonio and other vital partners has been instrumental in maintaining the momentum of new housing developments. Securing funding for this project was a significant achievement, highlighting the importance of coordinated efforts to overcome the challenges posed by inflation and escalating construction costs.”
To date, the Affordable Housing Bond has committed over $124 million for the creation and preservation of more than 4,100 homes across San Antonio near jobs, transit, schools, and services. Currently, 654 bond-funded homes are complete, more than 2,700 homes are under construction, and nearly 1,009 homes are in the development pipeline.
“The number of major investments in job growth, health, education, and housing being made in the areas around the VIDA Community are a testament to what we have known for years – the Southside is an amazing place to live in San Antonio,” said Pete Alanis, executive Director for the San Antonio Housing Trust. “Los Arcos will be a great place to live. The future of the Southside is indeed bright.”