Public Private Partnership

Public-Private Partnership Strategy

Opportunity

Arroyo Seco was sourced off-market directly from ownership, presenting an opportunity to acquire a high-quality, stabilized property in an affluent residential submarket.

Acquisition Strategy

Recognizing the potential to preserve long-term affordability in a well-maintained asset, Ascenda Capital partnered with the San Antonio Housing Authority (SAHA) to structure a public-private transaction. This approach enabled the implementation of deed restrictions and long-term regulatory oversight, ensuring sustained access to attainable housing for local residents.

Impact

This structure preserved affordability for working-class families and essential residents in San Antonio while maintaining the high-quality standards of a Class A multifamily community. Arroyo Seco was one of the first public housing authority (PHA) partnership transactions of its kind in Texas and served as a model for many similar transactions that followed. Its successful execution helped establish a replicable framework for future PHA-led affordable housing initiatives across the state—demonstrating how public-private partnerships can scale to meet growing housing needs through the preservation of existing, high-quality housing stock.