SUBJECT:
City incentives for residential and commercial projects.
SUMMARY:
On October 2, 2017, District 6 Councilman Greg Brockhouse issued a CCR requesting a comprehensive review of existing incentive programs for residential and commercial projects to assess how incentives are currently utilized to promote development city-wide and across large and small businesses. Staff will present an overview of the incentive programs administered by the City to promote residential and commercial development and outline the process that is currently underway for the comprehensive review of these programs.
BACKGROUND INFORMATION:
The Center City Development and Operation Department (CCDO), Economic Development Department (EDD), and Neighborhood and Housing Services Department (NHSD) administer several incentive policies to facilitate residential and commercial development in San Antonio.
Center City Development and Operations
CCDO administers both the Inner City Reinvestment and Infill Policy (ICRIP) and Center City Housing Incentive Policy (CCHIP). The ICRIP was recommended by staff and adopted by City Council in 2010. The ICRIP purpose is to promote growth and development through incentives in areas underserved by residential and commercial real estate markets. Qualified projects within the ICRIP boundary are eligible for City and SAWS fee waivers, tax abatements, and other economic development tools. Affordable housing projects are eligible for ICRIP incentives even if the project is not within the ICRIP boundary. Additionally, priority economic development projects may receive ICRIP incentives provided they are approved by City Council.
The current ICRIP boundary is based on 13 socioeconomic indicators and input from City Council. It covers 84 square miles representing historically disinvested areas of the city. The boundary touches every City Council District with the largest portions of the ICRIP covering Council Districts 2, 3, and 5. Since October 1...
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