DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: Council District 2
SUBJECT:
Developer Participation Agreement: New Leaf Homes
SUMMARY:
An ordinance authorizing the execution of a Developer Participation Agreement with New Leaf Homes whereby the City provides up to $300,000.00 for New Leaf Homes to build sidewalks in a developing subdivision and the agreement also requires New Leaf Homes to build a total of eight infill houses in the Wheatley area in collaboration with San Antonio Affordable Housing, Inc. (SAAH).
BACKGROUND INFORMATION:
The City of San Antonio is partnering with New Leaf Homes to build infill single-family housing in the Wheatley area of the EastPoint Promise Zone and sidewalks in Council District 2. The City has set aside $300,000.00 in Certificates of Obligation for new sidewalks in Council District 2. These funds will be provided to New Leaf Homes for installation of sidewalks in its Katy Way Subdivision. The subdivision is located at the northwest corner of St. Hedwig Road and Foster Road. The first phase of the subdivision will include 88 new homes.
As part of the agreement, New Leaf Homes will finance and build affordable infill housing units in the Wheatley area of Council District 2. For every ten homes built at Katy Way Subdivision, New Leaf Homes will build one home in the Wheatley area for a total of 8 homes. The infill housing will be built on San Antonio Affordable Housing, Inc. (SAAH) owned lots. SAAH is a non-profit urban renewal agency created by the City for the purpose of developing infill housing. SAAH routinely acquires property and collaborates with developers for this purpose.
In this case, the infill homes will be financed and built by the developer and New Leaf Homes will market these new infill homes for $120,000.00 or less. New Leaf Homes will begin with two SAAH owned lots located at 127 and 131 Gabriel Street...
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