8301 Lake Vista Drive
San Antonio, Texas 78227 map
(Highway 90 at Loop 410)
Phone: (210) 645-9100
Fax: (210) 645-6515
Community Center: (210) 645-0688
Positive Beginnings Childcare Center:
(210) 645-1788

Units

Bdrms

Baths

SF

Rent

60

1

1

511

$450

48

1

1

736

$650

40

2

1

835

$750

64

2

2

879

$779

40

3

2

1196

$949

252 Total

Management: Encore Property Management
Year Constructed: 2003
Date of Closing: December 1, 2001
On-site Staff: 11
Land Area: 24.39 acres
Gross Building Area: 203,322 SF
Net Rentable Area: 192,656 SF
Number of Buildings: 18
Number of Stories: 2 & 3
Parking Spaces: 378

Stablewood Farms Apartments

Amenities

All units include range, refrigerator, carpet, balcony/patio, laundry hook-ups, disposal, central heat and air, dishwasher, and window treatments. Five units are fully ADA-modified for persons with physical disabilities. Site amenities include: club room, exercise room, laundry facilities, mail kiosk, swimming pool, picnic/play area, gated ingress/egress.

Resident Services

A 7,000 sq. ft. community center houses a daycare, computer lab, classroom, conference rooms, and indoor basketball court. Positive Beginnings, Inc., runs the child care facility and coordinates social services programs for residents.

Affordability

20% of the units (51 units) are reserved for individuals and families with incomes at or below 50% of the Area Median Family Income. 5% of the units (13 units) are reserved for senior residents, 60 yrs. or older. For 2008, 50% of the AMFI for a family of four in Bexar County is $27,350.

Financing

Red Mortgage Capital, Inc., provided financing in the amount of $14,293,900, insured by the U.S. Department of Housing and Urban Development under FHA Section 221(d)(4). In connection with this financing, Bexar County Housing Finance Corporation issued Multifamily Housing Revenue Bonds (GNMA Collateralized). Private investors provided additional financing.

Additional Information

Stablewood Farms Apartments is owned by Merced-Stablewood, LLC, a single member LLC, with Merced Housing Texas as its sole member.

(Return to Multi-family Program: Bexar County)