Food Bank to Expand

Food Bank to Expand

Posted by admin on June 19, 2015 at 1:17 pm

The food bank is set to expand, My San Antonio.com
reports.  The project was announced yesterday and will expand the food
bank to 200,000 square feet and cost $15 million.  It is an especially
important project in a city where 25% of children live in poverty.

The
project got its first big boost of $4 million in funding from New
Markets Tax Credits, which was established by Congress in 2000 to jump
start economic growth and fight poverty.  The funding comes from
investors who are rewarded with tax credits for helping to incite growth
“in designated low-income areas.”  The facility hopes to raise the
other $11 million by fundraising.

The increased space means that
many more people will be able to receive help getting fed in San Antonio
and the areas around it.  In 2007, the San Antonio Food Bank and the
agencies it works with served 25,000 clients a week.  They now serve
58,000 a week.  It is the 14th largest food bank in the country and not
only offers food to those in need in San Antonio, it receives donations
of food and other items and distributes it to other agencies in
Southwest Texas.

The project will not only double the size of the
facility, but will also double the size of the parking lot and move the
five-acre urban farm to land where it can increase its size.  Nearly
three quarters of those in need of food assistance are children and over
27 percent of Texan kids were at risk of going hungry in 2010.  In
Bexar County, 26.8 percent of children or 118,000, reside in families
with food insecurity.  The food bank plans to provide food to about
10,000 children a day over the summer.

Looking for a new apartment that fits your family’s budget and other needs?  Apartments Now San Antonio can help.

feedback

or Questions?

We are here to help!

Send us a message at Manager@austinapartmentsnow.com

Interested in becoming an apartment locator? Learn more
Thinking about buying? We recommend Crown Realty! Learn more