SAN ANTONIO, Texas — The San Antonio City Council on Thursday, Feb. 20, 2025, unanimously approved the Rosillo Creek Tax Increment Reinvestment Zone (TIRZ), which will be located near Loop 410 and New Sulphur Springs Road.
It is the first developer-initiated TIRZ approved by the city council since the Planning and Community Development Committee (PCDC) led the charge to reform the Tax Increment Financing (TIF) Policy in 2022, a news release stated.
Through the policy reforms that implemented goals of the Strategic Housing Implementation Plan (SHIP), an emphasis was reportedly placed on affordability. As a result, this project will donate nearly 50 acres of land to the San Antonio Housing Trust to ensure affordability in perpetuity.
The project will feature 330 acres of land for green space, 170 acres of land dedicated to future commercial development, and over 400 acres set aside for a business park, the release stated.
“The approval of a petition-initiated tax increment reinvestment zone and full-purpose annexation of the newly created Rosillo Creek TIRZ will help drive much-needed investment in San Antonio’s historically underserved South and Southeast Side, addressing infrastructure challenges and leveraging economic tools to support strategic growth,” stated District 3 Councilmember Phyllis Viagran. “This master-planned, mixed-use development will provide a myriad of housing options with over 5,000 new housing units, along with commercial and industrial opportunities, aligning with the City’s Strategic Housing Implementation Plan (SHIP) goals for District 3 and the southside.”
“The Planning and Community Development Committee undertook the task of reforming and updating the city’s TIF policy,” stated District 4 Councilmember Rocha Garcia. “Our committee worked with city staff to develop changes, with input from stakeholders, and passed a new policy. The Rosillo Creek TIRZ exemplifies what is possible when the City works collaboratively with nonprofits and the development community. I look forward to this project’s completion and future projects aligning with our city’s housing goals.”
Source: City of San Antonio
