San Antonio Opportunity Home Breaks Ground on $107M Central at Commerce Affordable Housing Project

On April 14, 2026, Opportunity Home San Antonio — the city's public housing authority — broke ground on Central at Commerce, a seven-story, 279-unit affordable apartment community in downtown San Antonio. The groundbreaking, held on a rainy morning on the city's East Side, was attended by Mayor Ron Nirenberg, City Council District 2 leadership, and community mascots from the San Antonio Spurs and VIA Metropolitan Transit.

Located at 1231 E. Commerce Street, the development sits adjacent to the planned Project Marvel sports and entertainment district, the Alamodome, and historic St. Paul Square, giving future residents walkable access to downtown jobs, transit, and amenities.

Project Funding and Scale

The development carries a total investment of approximately $107 million, with $86.9 million in hard construction costs. A core portion of the financing comes from the City of San Antonio's 2022-2027 Affordable Housing Bond Program — the first general obligation bond in Texas history dedicated to housing affordability. Opportunity Home San Antonio is the sponsoring housing authority, with The Annex Group serving as co-developer and Evolve Architects leading design.

Who Qualifies

All 279 apartments will be income-restricted, reserved for households earning between 30% and 70% of the San Antonio area median income (AMI). The unit mix is designed to reach families typically priced out of downtown living:

• 42 units restricted to households at or below 30% AMI
• 31 units restricted to households at 50% AMI
• 67 units restricted to households at 60% AMI
• 139 units restricted to households at 70% AMI

Apartments will include a mix of one-, two-, and three-bedroom floor plans, making the property suitable for individuals, couples, and larger families.

Amenities

The seven-story building will feature elevated courtyards with a swimming pool, a children's playground, community gathering spaces, and modern in-unit finishes. Residents will have direct access to the VIA Rapid Silver Line bus rapid transit corridor when that project comes online, and walking distance to the Alamodome and the planned sports and entertainment district to the west.

Timeline

Opportunity Home expects vertical construction to progress over roughly 24 months, with the community anticipated to open in summer 2028. Pre-leasing and application information will be released by Opportunity Home closer to completion; interested households can register for waitlist updates through the Opportunity Home San Antonio website.

Why It Matters for San Antonio Homeowners and Renters

San Antonio has faced steep downtown rent growth as Project Marvel and other East Side investments accelerate. Central at Commerce is one of the largest deeply affordable projects to break ground near the urban core since the 2022 housing bond was approved, and it represents a model the city intends to replicate in other transit-adjacent corridors.