FY 12 Plan - HUD

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[Moving-to-Work 2011-2012 Annual Plan] Every development in the SAHA portfolio has undergone an initial evaluation based on area amenities, condition of the structure, performance of the property and competition in the area. The purpose of these evaluations is to surface those projects which, with some investment, will achieve higher levels of occupancy and decreased operating costs. INITIAL EVALUATION The following criteria were used to prioritize all preservation and expansion projects. • Completion of master plans and developments in neighborhoods where SAHA has begun investments. For example, following through on the plan to redevelop Sutton is critical as it solidifies SAHA‟s reputation as a developer who is able to keep its commitments; • Convergence of multiple community goals or initiatives. For example, support of efforts to expand housing in the downtown area or strategic economic initiatives that are part of City initiatives or goals; • Locational amenities (not to be confused with project amenities). This evaluates the strength of a neighborhood, location of amenities such as libraries, schools, employment, public transportation, parks and recreation and shopping; • Existing or future initiatives, such as CHOICE Neighborhoods which support a community development approach to the redevelopment of an existing area. SAHA is a recipient of a CHOICE Neighborhood Planning Grant. FINANCIAL AND MARKET ANALYSIS The primary projects surfaced based on the previous guidelines will then go through a financial and market analysis. The financial analysis seeks to understand the current and historical financial trends of a property, its current financing, major improvements made during the past five years, and occupancy rates. The market analysis evaluates the market in the immediate area including current rents, vacancies and property amenities. SAHA also evaluates whether or not a property can sustain a refinance where proceeds could be used to make needed capital improvements. At this time, SAHA has issued a Request for Proposal for a Capital Needs Assessment. The Capital Needs Assessment will identify major system improvements to be made which will be used to further refine the work program that will be made available for such improvements. Lastly, SAHA will continue to evaluate properties for energy San Antonio Housing Authority Annual Moving-to-Work Plan FY 2011-2012 Page 78
[Moving-to-Work 2011-2012 Annual Plan] improvements and work collaboratively with San Antonio Water System (SAWS) and CPS Energy. Ten to 20 properties have been selected for additional investment. These were matched to potential funding/financing and staff resources needed to manage the projects. The Plan includes public housing as well as properties in the affordable portfolio. Properties and/or projects that SAHA has identified at this time as priorities for capital improvements and adding units to the portfolio that will be completed in the next two years are outlined below. It is important to note that project priorities and capital work will be revised upon completion of the Capital Needs Assessment in January 2012. Attachment 2 AFFORDABLE HOUSING PRESERVATION & EXPANSION POLICY 1. Summary The Affordable Housing Preservation & Expansion Policy establishes the principles, goals, priorities, and strategies of the San Antonio Housing Authority (SAHA) regarding the construction, maintenance, rehabilitation, development, acquisition and disposition of housing assets. The Policy governs where and under what conditions specific types of housing are built, renovated, acquired, disposed of, or liquidated. The Policy establishes parameters by which to evaluate future decisions related to affordable housing preservation and expansion activities. The Policy is composed of the following sections: The Background section describes the actions and decisions that led to the adoption of this Policy A description of the Guiding Principles that shaped the broad outlines of this Policy A listing of the Targeted Outcomes that serve as the key goals of this document A detailed outline of the Strategic Framework that shapes implementation A statement regarding Implementation and Monitoring steps A list of pertinent Definitions 2. Background San Antonio Housing Authority Annual Moving-to-Work Plan FY 2011-2012 Page 79
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FY 12 Plan - HUD

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