San Antonio Housing Authority Awards Construction Contract to Lonestar Development Partners (September 2025)

The Board authorized SAHFC’s role in the Lonestar at Presidio transaction, under which Lonestar Development Partners will develop a 316-unit Class A multifamily project with estimated costs of $65,325,392. Opportunity Home will acquire and lease the land to the financing partnership while SAHFC serves as general contractor.

Document date · September 3, 2025

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Scope & details

The full contract record, as filed.

Contract amount

Development costs estimated at $65,325,392 (project-level)

Contract type

CONSTRUCTION

Contract term

75-year ground lease structure; affordability restrictions for at least 40 years

Renewal

Partnership and lease structure contemplates a 75-year term with affordability restrictions for at least 40 years and an option for the developer to terminate after 40 years subject to exit fee and tax obligations.

Document type

Minutes

Source document

san_antonio_housing_facility_corporation_meeting_m.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by San Antonio Housing Authority?

Lonestar Development Partners was awarded this construction contract by San Antonio Housing Authority, as recorded on September 3, 2025. The contract value is Development costs estimated at $65,325,392 (project-level).

How much is the Lonestar Development Partners contract with San Antonio Housing Authority worth?

The Lonestar Development Partners contract with San Antonio Housing Authority is valued at Development costs estimated at $65,325,392 (project-level), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in san_antonio_housing_facility_corporation_meeting_m.pdf (Minutes), dated September 3, 2025 from San Antonio Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lonestar Development Partners hold?

Lonestar Development Partners may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Lonestar Development Partners's profile

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