DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, FAICP, Director
COUNCIL DISTRICTS IMPACTED: 1,2,3,4,5 and 8
SUBJECT:
FY 2021 Affordable Housing Development Funding Recommendations
SUMMARY:
Consideration of a recommendation to award up to $5,901,669 in HOME Investment Partnerships Program (HOME) funding and up to $3,000,000 in Community Development Block Grant (CDBG) funding to eight affordable housing development activities.
From HOME funding:
(a) Up to $1,200,000 to the Alamo Community Group for the Cattleman Square Lofts located at 811 W. Houston, in Council District 5;
(b) Up to $1,200,000 to the NRP Group for the Hamilton Wolfe Lofts located at 4631 Hamilton Wolfe, in Council District 8;
(c) Up to $275,000 to Neighborhood Housing Services of San Antonio for scattered site single family homeownership development in Council Districts 2 and 3; and
(d) Up to $351,669 to Our Casas Resident Council Zarzamora Houses for scattered site single family homeownership development in Council District 5;
From CDBG funding:
(e) Up to $500,000 to the H. Cohen Trust for the Vista at Everest located at 538 Everest in Council District 1; and
(f) Up to $1,000,000 to Cohen-Esrey Real Estate for the Loma Vista Vista Lofts located at 363 N. Gen. McMullen in Council District 5.
From HOME and CDBG funding:
(g) Up to $750,00,000 in HOME funding and up to $500,000 in CDBG funding to Prospera HCS for the Arbors at West Avenue Apartments located at 3747 West Avenue in Council District 1; and
(h) Up to $2,000,000 in HOME funding and up to $1,000,000 in CDBG funding to Habitat for Humanity of San Antonio, Inc. for the Rancho Carlota Phase III homeownership development in Council District 4.
Staff is also recommending up to $125,000 in HOME funding for on-call environmental, underwriting, and labor compliance consultant services needed to carry out affordable housing development activities separate from the awards to the developments.
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