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“Who would have thought Opportunity Home would be in the short-term rental market?” said Bianca Maldonado, who served on task forces that developed and modified the city’s STR ordinance and is a member of the steering committee for theBut the short-term rental units — and the other market rate units — are actually helping subsidize the affordable housing at 100 Labor and across Opportunity Home’s housing network, said Miranda Castro, the agency’s chief asset management officer.
The unusual arrangement allowing STRs on Opportunity Home properties is “the only one we anticipate having, because this is a unique spot,” Reyes said. “We’re downtown, so it’s a unique situation. It’s not a thing we’re going to be doing more of moving forward.
Progressive leaders in San Antonio celebrated the bright spot at 100 Labor on Wednesday morning — while still reeling from the news that Republican Donald Trump was again elected president.“If you feel like me today, the first thing that comes to mind is: Thank God I live in the City of San Antonio,” said Mayor Ron Nirenberg, who was joined by State Sen. Jose Menendez at the grand opening of 100 Labor.