AAMHA mission: affordable housing in San AntonioAAMHA mission: affordable housing in San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=87332012-12-17T14:33:00Z2012-12-17T00:00:00Z

SAN ANTONIO - Alamo Area Mutual Housing Association (AAMHA) is working on an investment that could result in more than 450 new affordable-housing units over the next few years for the citizens of San Antonio and Bexar County.

That figure includes AAMHA’s recent purchase of a couple of existing apartment complexes — the 140-unit Cimarron City Apartments in Universal City on the far Northeast Side and the 136-unit Cypress Cove in Northwest San Antonio. The purchase price of Cimarron City and Cypress Cove is roughly $40,000 a door.

AAMHA also has a brand new community in the works. The current plans call for a community of 208 units, and the target area is Northeast San Antonio.

To date, AAMHA has nine properties with a total of 1,256 units.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/print-edition/2012/12/14/aamha-builds-on-mission-of-providing.htmlRead more at {Source}

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