The San Antonio Housing Trust (SAHT) has approved plans to convert The Whitney Hotel into a mixed-income housing complex, addressing the growing need for affordable living options in San Antonio’s District 1. This initiative will provide a total of 220 housing units, with a mix designed to accommodate various income levels, including 5 units at 40% of the Area Median Income (AMI), 35 units at 50% AMI, and 71 units at 80% AMI, while the remainder will be offered at market rates.
Located at 425 Bonham Street, just a short distance from the historic Alamo and the proposed new Spurs arena, the hotel was originally built in 1996 and last renovated in 2004. The conversion reflects a strategic approach by the city to enhance affordable housing options in a prime downtown area. According to District 1 Councilwoman Dr. Sukh Kaur, the project will significantly benefit individuals and families in need of affordable housing in this vibrant part of the city.
Strategic Investment in Affordable Housing
The project, led by the development firm Good Homes, aims to create a substantial community impact, boasting a projected 93% community benefit ratio over the next decade. This statistic indicates that the investment will yield significant returns for the local community, aligning with the city’s broader goals of increasing access to affordable housing.
During the SAHT meeting where the approval was granted, advocates for affordable housing celebrated this milestone as a victory. While the timeline for when residents can expect to move in remains uncertain, stakeholders anticipate that construction will commence in the near future. The proximity to local landmarks such as Hemisfair and the Alamo adds to the appeal of the site, positioning it as a desirable location for potential residents.
Councilwoman Kaur emphasized the importance of this development, stating, “The approval of the Whitney is a strategic investment in expanding workforce housing within walking distance of the Alamo, Hemisfair, and potential Spurs arena.” Her comments highlight the advantageous location, which could attract a diverse range of residents looking for affordable options in a thriving urban center.
The transformation of The Whitney Hotel into mixed-income housing not only addresses immediate housing needs but also represents a long-term commitment to enhancing the quality of life in San Antonio. As the city continues to evolve, projects like this will play a crucial role in ensuring that all residents have access to affordable housing in the heart of downtown.
