Community aims to fight east side gentrification with affordable housing
As San Antonio’s real estate boom continues, finding affordable housing can be a challenge, especially in neighborhoods on the east side where entire streets are becoming gentrified.
Old neighborhoods near popular downtown are seeing new residents moving in and remodeling older homes and driving up property values, according to the Bexar County Appraisal District.
Those higher property values mean higher property taxes which forces older residents, especially those on fixed income, out of homes they have lived in, sometimes for decades.
The appraisal district told Texas Public Radio News earlier this month that the east side, around Fort Sam Houston, saw home values soar by more than 20%.
The San Antonio Housing Authority is working to keep housing affordable around downtown.
Read more from Brian Kirkpatrick with Texas Public Radio here