City council approves sale of land for potential, new affordable housing development

City council approves sale of land for potential, new affordable housing development

VICTORIA, Texas – A new affordable housing option could be coming to Victoria.

Victoria city council members voted to approve the sale of 10 acres to a developer named Realtex at a special meeting Thursday afternoon.

“We know that it’s a challenge for someone trying to be a first-time homebuyer but at the same time we know it’s a struggle for people that don’t have high-incomes to even have their own apartment,” said Jesús Garza Victoria city manager. “And so the challenges in our community are really broad, right?  And how you address each one of those is completely different and so what we’ve tried to do is to prioritize workforce housing.”

Realtex plans to submit its application to the Texas Department of Housing and Community Affairs Tuesday and won’t receive confirmation of the bond reservation until January. If the application isn’t approved then the city won’t go forward with the sale.

The $350,000 the city could gain from the sale would be used to bring more housing projects to Victoria.

“I don’t think this is going to be a one and done,” Garza said. “I think the city is going to continue to be involved in helping spur affordable housing, workforce housing, residential development, commercial development and we’ve already been doing that over the last couple years.”

If approved, construction on the Enchanted Gardens development would begin in late fall 2021 or early 2022. The development would have 168-units and be located on Ben Jordan Street.

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