DEPARTMENT:
Neighborhood and Housing Services Department
DEPARTMENT HEAD:
Ver?nica R. Soto, AICP, Neighborhood and Housing Services Department Director
COUNCIL DISTRICTS IMPACTED:
Citywide
SUMMARY:
Update on the Fiscal Year 2020 Budget and Business Plan
BACKGROUND INFORMATION:
Neighborhood and Housing Services FY 2020 Adopted Operating Budget includes $32.6 million for staffing and administration of housing programs that maintains the same level of service provided in FY 2019 and grows from previous year through several pilot projects through leveraged partnership sources.
In addition to the funds approved by Council for affordable housing programs, staff will implement the FY 2020 Affordable Housing Budget which totals $35.2 million. This includes $24 million from the General Fund, HOME and Community Development Block Grants, leveraged funding from coordinated housing partners in the amount of $5.0 million to include San Antonio Local Initiatives Support Corporation (LISC), San Antonio Housing Trust, and San Antonio Housing Authority, and funding in the amount of $6.2 million from five city-initiated Tax Increment Reinvestment Zones (TIRZ). San Antonio LISC works with communities across the country to transform places and change people's lives by collaborating with residents and investing in neighborhoods. State law allows tax increment fund revenue to pay the costs of providing affordable housing in or out of a tax increment zone. The $35.2 million in funding along with four properties that will be leveraged for affordable housing is expected to facilitate 5,528 affordable housing units, 1,068 more units than produced in FY 2019.
ISSUE:
Staff will provide an update on the FY 2020 Affordable Housing Budget and Affordable Housing Strategy.
Neighborhood and Housing Services FY 2020 Adopted Operating Budget includes $32.6 million for staffing and administration of housing programs at the same level of service provided in FY 2019.
In addition to the fund...
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