FY 12 Plan - HUD

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[Moving-to-Work 2011-2012 Annual Plan] improvement needs of its portfolio. The cost of needed property improvements exceeds the available resources; thus limited resources need to be used effectively and efficiently. To guide the use of limited funding, SAHA‟s Board of Commissioners has adopted policies that guide the work undertaken by staff in collaboration with a number of partners to effectively use limited resources, add value to the portfolio and decision making on property preservation, expansion or redevelopment, and disposition. The methodology for identifying Preservation and Expansion priorities is found in Appendix A. An important consideration in developing the work plan was to match the proposed uses with the funding sources presently known, although it is expected that the work plan will be modified as funding and financing sources become viable. The SAHA Work Plan for July 1, 2011 through June 30, 2013, outlines the activities of the preservation and expansion of affordable housing in San Antonio and aligns these activities with available funding. PROPOSED GOALS Consistent with SAHA‟s Preservation and Expansion Policy, the work plan will be aligned to the following broad goals: Goal One: To maintain existing levels of deeply subsidized housing and create new affordably priced housing through the acquisition, new construction and rehabilitation of existing affordable housing. GOAL Two: To increase the quality, value, marketability and energy efficiency of all properties in the SAHA portfolio. GOAL Three: Actively pursue emerging development and redevelopment opportunities that meet multiple community goals, such as economic and transit oriented development, while adding to the affordable housing infrastructure for San Antonio. GOAL Four: To integrate economic development and supportive service initiatives that will support residents and the surrounding neighborhoods in existing properties as well as in new and redeveloping projects. GOAL Five: San Antonio Housing Authority Annual Moving-to-Work Plan FY 2011-2012 Page 22
[Moving-to-Work 2011-2012 Annual Plan] Increase housing choices and the availability of housing for special populations through supportive housing (e.g. youth aging out of foster care, homeless individuals and families etc.). PRESERVATION AND EXPANSION PROJECTS Priority Guidelines SAHA has established a set of guidelines against which all properties are evaluated. These guidelines take into consideration the age and condition of the property, past property improvements and the amenities in the area, to include schools, shopping, transit and employment. In addition, projects located in areas where other community investment is being made or anticipated are given priority. These guidelines are applied to both preservation and expansion activities: 1. Properties that are in good locations and with average building conditions are deemed to be good candidates for additional capital investment. This is because investment today will prevent further deterioration of a property and will maintain or improve revenue generation for SAHA as well as enhance livability. In addition, SAHA will integrate capital improvements on several projects in order to make significant change in the livability, appearance and functionality of a development. In other words, substantial rehabilitation will be completed. The work plan also allows SAHA to undertake capital projects to address health and safety issues where a substantial rehabilitation is not needed. 2. New developments that are in locations where additional community investment is being made are a priority. For the next two years, priority has also been given to completing phases of projects that were started within the last four years and have phases that need completion. All of these are located in areas where other community initiatives have been developed. Expected Outcomes The following charts provide a snapshot of the work to be completed by SAHA the next two years. They are organized into Preservation Activities and Expansion Activities. For the first year, an estimated $20M will be obligated. As a result of this work, the following will be accomplished: 827 affordable housing units will be added or will have development plans completed so that the units will be built and added to the housing stock for an expected cost of $6.9M. Of this 175 will be affordable to households earning 30% or less of the AMI (Public Housing Units). 880 units in eleven (11) developments will have improvements that result in the property being substantially rehabilitated for an expected cost of $13.1M. Of this, $3.4M will be Preservation and Expansion Funds and $9.7M will be Capital Fund Program Funds. San Antonio Housing Authority Annual Moving-to-Work Plan FY 2011-2012 Page 23
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FY 12 Plan - HUD

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