Strapped for cash to cover budget shortfalls, San Antonio's public housing authority dipped into federal funds intended for innovation.
While the waitlist for public housing in San Antonio has tripled since the COVID-19 pandemic, the number of households that the local housing authority subsidizes through public housing and vouchers has dropped below pre-pandemic figures, according to annual reports analyzed by the San Antonio Report.
As of March 2023, Opportunity Home housed nearly 54,400 San Antonians across the city with public housing, vouchers, mixed-income housing and partnerships with other organizations, according to its In 2023, the agency served fewer than 15,900 households with public housing and vouchers, while using more than $10.7 million in MTW funds to cover its public housing shortfalls. From 2021 to 2023, the agency’s public housing operating budget shortfalls have increased by more than 1,000%.
About 27%, or $69 million, of Opportunity Home's estimated $253.1 million expenses in 2024 went to salaries, benefits and other administration costs. Reyes anticipates implementing a hiring freeze but wants to avoid layoffs among its more than 600 employees.All this is on top of nearly a half billion dollars in deferred maintenance, inflation and a proposal from the Biden administration to
The program allows housing authorities to leverage public and private debt and equity to reinvest in the public housing stock, Meanwhile, the agency was not collecting rent from hundreds of tenants who owed more than $2 million combined. "This isn't an action that the CEO took on his own, it was direction provided by the board," Castillo said during a press conference last week calling for Hinojosa's reinstatement.
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