Brooks Development Authority, the group that took over developing the land once the USAF base closed near San Antonio, has announced that two apartment complexes will be going up; both affordable, one for senior living.
A 340-unit apartment complex called Brooks Family would take shape at the northwest corner of Research Plaza and Challenger Drive. Brooks Senior, a 240-unit senior living project, is slated to rise next to it.
Brooks plans to apply for 4% housing tax credits for both projects from the Texas Department of Housing and Community Affairs. Units for both projects will be offered from 70% area median income to 30% AMI.
Brooks estimates $139.5 million in development costs between the two projects, including $85.8 million for the apartments and $53.7 million for the senior facility. Both projects are helmed in a partnership between Lincoln Avenue Capital and the San Antonio Housing Trust.
Brooks plans to begin construction in July 2024 and finish both projects by July 2026.