Creating jobs and housing in San Antonio - Accion Opportunity Fund
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Creating jobs and housing in San Antonio

Creating jobs and housing in San Antonio

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On November 4, 2022, Accion Opportunity Fund closed on a $6.5 million investment on a community project that will provide transformative, supportive housing in San Antonio, Texas. The project, Towne Twin Village, consists of the development of a 10-acre site that will provide permanent supportive housing and support services for individuals aged 50 and over experiencing chronic homelessness. The Towne Twin Village investment is possible through New Markets Tax Credit, a federal program that bolsters community facilities in low-income areas.

Addressing a Housing Crisis

The need for housing in San Antonio is staggering: Last year, 2,932 people experienced homelessness and 633 people were on the waiting list for permanent supportive housing—yet there were only 11 openings for permanent supportive housing in the first three months of 2022.

The Towne Twin Village Project: Building homes and jobs

To help alleviate San Antonio’s housing crisis, the Towne Twin Village will provide 80 micro-homes and pads for 24 RVs—as well as a health clinic, hospitality building, administrative building, transportation pavilion, amphitheater, and gazebos. The health clinic will host a medical team, a dental team, and mental health providers, including therapists and psychiatrists. The hospitality building will house a kitchen, dining area, laundry room, and barbershop.

Each of the microhome units (pictured) will contain a bedroom, bathroom, and kitchen.

Towne Twin Village anticipates creating or retaining 31 permanent, full-time, living wage jobs, including 24 for low-income individuals. The project will also generate 76 construction jobs, including 40 for low-income individuals. Ultimately, Towne Twin Village anticipates serving 675 unique individuals annually.

Our local partner: Housing First Community Coalition

Towne Twin Village is a project of Housing First Community Coalition, which was established in 2017 by volunteers and supporters of the San Antonio Catholic Worker House. Since 1985, the Catholic Worker House has provided care, comfort, and support to community members experiencing homelessness, poverty, hunger, and marginalization.

We are honored to partner with the team at Housing First Community Coalition, who shares their hopes that Towne Twin Village will provide their unhoused neighbors with “dignified and respectful care in a place that will make them feel truly cherished.”

Learn more

The federal New Markets Tax Credit program encourages private capital investments into low-income communities. The program provides federal tax credits to a select group of community development entities, including Accion Opportunity Fund, which then leverage the tax credits to attract capital. Over the past twenty years, the New Markets Tax Credit program has generated billions in investments towards community-driven construction projects, creating jobs and transforming lives.

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