DEPARTMENT: Neighborhood & Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP, Director
COUNCIL DISTRICTS IMPACTED: City Council Districts 1-5
SUBJECT: San Antonio Affordable Housing, Inc. Funding Agreement
SUMMARY:
Consideration a Funding Agreement with San Antonio Affordable Housing, Inc. to implement affordable single-family infill housing programs in City Council Districts 1-5 and ratifying the acquisition of eight properties in Council Districts 2 and 3. Funding is available from the FY20 Affordable Housing Fund.
BACKGROUND INFORMATION:
FY20 Affordable Single-Family New Construction Pilot
San Antonio Affordable Housing, Inc.'s Single-Family Vacant Lot Pilot Program aims to reduce neighborhood blight through the redevelopment of up to 10 vacant lots within City Council Districts 1- 5. The incentive funds will assist with filling the gap between the total development costs and the sales price in order to ensure these homes are sold to families earning 80% -120% Area Median Income.
FY20 Affordable Single-Family Rehabilitation Pilot
San Antonio Affordable Housing, Inc.'s Single Family Rehab Pilot Program aims reduce neighborhood blight through the rehabilitation and resale of seven (7) houses acquired from San Antonio Housing Authority in Council Districts 2 and 3. These homes are to be rehabbed and sold to families between 80-120% Area Median Income.
On November 25, 2019, the improved properties located at 547 E. Villaret, 2826 Spokane, 9354 Yett, 9350 Yett, 4910 Huntsmor, 511 Upland, 9410 Brightview were acquired by the City on behalf of SAAH from the San Antonio Housing Authority for a total of $607,647.35.
516 Pierce Historic House Relocation
San Antonio Affordable Housing, Inc. has agreed to accept and relocate a historic home currently located at 516 Pierce in Government Hill Historic District, Council District 2, on behalf of the City. The home will be donated by SA Quad Ventures, LLC, and relocated to 303 Spofford in Government Hill, a v...
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