DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
An Ordinance authorizing the acceptance of funds from the San Antonio Housing Trust Public Facility Corporation to provide single family home repairs within the City's Under 1 Roof and Minor Home Repair programs.
SUMMARY:
This item includes an Ordinance authorizing the City of San Antonio to accept and appropriate $500,000 in funding from the San Antonio Housing Trust Public Facility Corporation (SAHTPFC) to provide services under the City's Under 1 Roof program, and $250,000 to provide services under the City's Minor Home Repair program; and authorizing payment of vendors and to the City for administrative costs.
BACKGROUND INFORMATION:
The San Antonio Housing Trust Public Facility Corporation (SAHTPFC) was formed by the City of San Antonio to develop affordable single and multi-family housing and to be a financial pass-through facility to issue bonds for affordable single and multi-family housing. The board of the SAHTPFC consists of San Antonio City Councilmembers from Districts 1 through 5. As of the end of 2016, the San Antonio Housing Trust had an estimated $3,000,000 in funds available in the SAHTPFC. The SAHTPFC Board recommend utilizing $250,000 to create an administrative reserve, $2 million for multifamily development projects and $750,000 for single family housing repair, including $500,000 for the City's Under 1 Roof program and $250,000 for the City's Minor Home Repair program.
The SAHTPFC board approved on August 15 to provide $750,000 to the City of San Antonio as follows: $500,000 for the Under 1 Roof program and $250,000 to the City's Minor Home Repair program to homeowners of Council Districts 1 through 5 who earn less than 80% of the area median income as defined by the U.S. Department of Housing and Urban Development (HUD).
The Under 1 Roof program replaces worn and damaged roofs with new,...
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