FY 12 Plan - HUD
FY 12 Plan - HUD
FY 12 Plan - HUD
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[Moving-to-Work 2011-20<strong>12</strong> Annual <strong>Plan</strong>]<br />
In addition, ARRA Funds were used to make much needed improvements to elevators<br />
at Villa Tranchese, Victoria Plaza, Marie McGuire, Parkview and Fair Avenue<br />
Apartments. These five properties, in total, consist of 818 units. All are mid to high-rise<br />
elderly properties with various construction dates. All elevators within each of the<br />
properties will receive upgrades to comply with current code requirements and<br />
replacement of components to extend their useful life.<br />
3. New Housing Development Units<br />
PRESERVATION & EXPANSION TWO YEAR WORK PLAN<br />
Overview<br />
On May <strong>12</strong>, 2011 the San Antonio Housing Authority (SAHA) Board of Commissioners<br />
unanimously adopted the Affordable Housing Preservation and Expansion Policy (P&E<br />
Policy). The P&E Policy establishes the principles, goals, priorities and strategies that<br />
SAHA intends to pursue to preserve and expand the supply of high quality, sustainable<br />
and affordable housing in San Antonio. Furthermore, the P&E Policy guides the Work<br />
<strong>Plan</strong> and thus is an integral part of the Work <strong>Plan</strong>. The P&E Policy is included as<br />
Appendix One.<br />
Multiple financing sources will be used by SAHA in achieving its goals for preservation<br />
and expansion. Capital improvements to existing properties will be made to extend the<br />
life of a property, improve livability and decrease operating expenses. Expansion will be<br />
done in areas that achieve multiple community goals and include deeply subsidized<br />
housing. The sources covered by this plan include, but are not limited to: preservation<br />
and expansion funds (PEF) capital fund program (CFP) and replacement housing factor<br />
funds (RHF); altogether an estimated $29M will be used for these activities.<br />
Total Funds for Expansion and Preservation Activities<br />
Preservation<br />
and Expansion<br />
Replacement<br />
Housing Factor<br />
Capital<br />
Fund<br />
Program<br />
TOTAL<br />
ESTIMATED<br />
FUNDS<br />
$<strong>12</strong>M $7.3M $9.7M $29M<br />
SAHA Experience in Preservation and Expansion<br />
SAHA has had extraordinary success in the past in adding affordably priced housing to<br />
the San Antonio market. The organization has also successfully managed a capital<br />
improvements and preservation program. For example, working in partnership SAHA<br />
has added close to 4,000 rental units in mixed-income developments in the past six<br />
years. Many of these were accomplished utilizing a combination of programs, including<br />
San Antonio Housing Authority Annual Moving-to-Work <strong>Plan</strong> <strong>FY</strong> 2011-20<strong>12</strong> Page 20
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