Bexar County Commissioner Court approved roughly $1.4 million worth of tax abatements for housing developments in one of the city’s most desirable, high-rent neighborhoods., a newsletter rundown of the most important news, delivered every Monday and Thursday.The two projects — on Josephine Street and Elmira Street near the Pearl — are expected to include a number of public amenities, helping developer Oxbow Real Estate LLC score the incentives intended for downtown revitalization.
Commissioners voted 4-0 in favor of the incentives. Commissioner Rebeca Clay-Flores was absent from the meeting. The Quincy at 1200 E. Elmira Street is expected to create 75 new multi-family units, with incentives valued at $254,225.Gonzales said the two projects are among a number of improvements Oxbow is making in the area, such as bridges andwhich are available to the general public — not just residents of their new buildings.
Still, each of the county leaders sought to proactively address potential criticism about their investment, amid growing concerns aboutCommissioner Tommy Calvert said he worried that, on paper, it looks like the county is making progress toward its housing goals. But in reality, some people are simply being priced out of the apartment market.