FY 12 Plan - HUD

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[Moving-to-Work 2011-2012 Annual Plan] SOURCES AND USES: SAHA has assigned the following uses of the SAHA Preservation and Expansion Funds for Year One: · $0.3 Million – Choice Neighborhood Initiatives – Match · $0.9 Million – Architectural Contracts · $3.4 Million – Affordable Housing Improvements · $0.5 Million – Victoria Courts Community Resource Development Center Total Uses: $5.1 Million Uses of the SAHA Preservation and Expansion Funds for Year Two 1 : · $6.9 Million – Affordable Housing Improvements and Expansion Activities Total Uses: $6.9 Million 1 Subject to funding availability and pending Board approval of budget for FY2013 San Antonio Housing Authority Annual Moving-to-Work Plan FY 2011-2012 Page 28
[Moving-to-Work 2011-2012 Annual Plan] Sutton Oaks: The newly named Sutton Oaks, formerly Sutton Homes, is a project that is being developed in three phases. The first phase was introduced into the market in December 2010 and consists of a 194-unit multifamily mixed income development located at 2818 N IH-35. The project was developed by the San Antonio Housing Facility Corporation in partnership with Franklin Development Inc. and was financed with 9% Low Income Housing Tax Credits with a total development cost of $24,363,536. The development consists of 55 one bedroom, 91 two bedroom, 44 three bedroom, and 4 four bedroom apartment homes. 186 of the units are affordable housing with 49 of those units being public housing. The remaining 8 are market rate units. Sutton Oaks sits on 13. 3 acres and offers garage and covered parking, large playground with picnic tables and a spacious green space area, swimming pool, and a SAHA Celebrates the Grand Opening of Sutton Oaks clubhouse. The clubhouse includes a business center with internet access, a 24-hour fitness center, and a 24-hour laundry facility. It also includes a children‟s activity center and an adult services center. Sutton Oaks was completed in December of 2010. At this time, SAHA is actively pursuing the development of the second phase and preparing plans for the completion of the third phase. Sutton Oaks Phase II will be located adjacent to Sutton Oaks on approximately 9.6 acres. The development will consist of 208 total units of which 162 will be affordable and 46 will be market units. 49 of the affordable units will be designated as public housing. Sutton Oaks II is proposed to have a mixture of one, two, three, and four bedroom units with similar amenities as Sutton Oaks. SAHA submitted a 9% Low Income Housing Tax Credit application in March 2011 for the second phase of the redevelopment of the former Sutton Homes Public Housing Development and is planning a 2011 HOPE VI application to address Phases II and III. Wheatley Courts: SAHA received a Choice Neighborhood Planning Grant in 2011 associated with its Wheatley Courts Public Housing Development, and is planning the submission of a Choice Neighborhood‟s Implementation Grant application at the culmination of this planning effort. The planning will be complete in 18 to 24 months. Victoria Commons: SAHA is also planning to complete the redevelopment of Victoria Commons (Victoria Courts Public Housing Development) and San Juan Square (San Juan Homes Public Housing Development). This will include mixed use/mixed income rental housing and may provide for additional ownership opportunities. SAHA is currently evaluating development options and completing a market assessment prior to finalizing the development strategy. This work will be complete by June 2011, with a goal of completing the full redevelopment in 2013. San Antonio Housing Authority Annual Moving-to-Work Plan FY 2011-2012 Page 29
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FY 12 Plan - HUD

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