1. 1
City of San Antonio
CENTER CITY DEVELOPMENT OFFICE
Infill Development Workshop
June 7, 2013
Center City Housing Incentive Policy

2. WHY A PREDICTABLE INCENTIVE SYSTEM?
• Infill development is challenging
• Assists in normalizing land values
• Reduces the risk for the developer
• Attracts developers

3. CENTER CITY HOUSING INCENTIVE POLICY
• Eligibility
– Multi-Family for sale or rental
– Must be within CRAG
• Incentive amount increases if in 1 of 8
Target Growth Area’s; and/or
• Adaptive Reuse, Brownfields, or Historic
Rehabilitation in the ICRIP.
• Goals and Objectives
– Historic Rehabilitation
– Adaptive Reuse
– Brownfields Redevelopment
– Transit Oriented Development
– Community Use
– Mixed Income Development
– Good Urban Design

4. RECOMMENDED INCENTIVES
• Fee Waivers
• Real Property Tax
Reimbursement Grants
• Inner City Incentive Fund
Loans
• Mixed Use Development
Forgivable Loans
• NO CASH GRANTS

5. INCENTIVE TIERS
Tier 1
•Urban Core
Tier 2
•Near River South
•HemisFair/Cesar Chavez
•Near East Side
•Near West Side
•Civic Core
•Medical District
Tier 3
•River North
Tier 4
•Midtown

6. CITY AND SAWS FEE WAIVERS
• Certain City fees are waived as
outlined in the Inner City Reinvestment
Infill Policy.
• SAWS Impact Fee Waivers to be
waived on all housing projects within
the CRAG.
• Contingent upon funding availability

7. REAL PROPERTY TAX REIMBURSEMENT GRANTS
• 10 year tax reimbursement
– CRAG– Icrip
• 15 year tax reimbursement
– 1 of the 4 Tiers
– Adaptive Reuse, Brownfields
Redevelopment, Historic Rehabilitation
Project in the ICRIP
• Historic Tax Exemption or Tax Abatement

8. INNER CITY INCENTIVE FUND LOAN
Categories
• Mixed Income
• Community Use
• Adaptive Reuse
• Brownfield Redevelopment
• Historic Rehabilitation
• High-rise Development
• Student Housing
• Transit Oriented Development within ¼ mile of the West
Side Multi-Modal Center or Robert Thompson Transit
Center

9. LOAN AMOUNT
• Tier 1 (light blue)
– $3,000 per category
– Not to exceed $6,000 per housing unit
• Tier 2 (light brown)
– $1,500 per category
– Not to exceed $3,000 per housing unit
• Tier 3 (blue)
– $1,000 per category
– Not to exceed $2,000 per housing unit
• Tier 4 (yellow)
– $500 per category
– Not to exceed $1,000 per housing unit

10. INNER CITY INCENTIVE FUND LOAN BONUS
• Tiers 1 – 4
– $1,000 per unit if the
project includes
structured parking
– $500 per unit if the
project includes Low
Impact Development
standards

11. LOAN TERMS
• Fixed rate
– one year LIBOR Rate plus 75 basis points
• Interest compounds annually
• Balloon repayment in year 7
• Contingent upon funding availability

12. MIXED USE FORGIVABLE LOAN
• Loan Amount
– $20 per square foot of retail
– $10 per square foot of
commercial office
• 20% forgiven every year
for 5 years
– Space must be leased
– Tenant finish out
improvements
• Contingent upon funding
availability

13. ADMINISTRATION
• Center City Development Office
– Process CCHIP applications and agreement
– Initiate marketing efforts
• Economic Development Department
– Monitor agreements

14. 14
City of San Antonio
CENTER CITY DEVELOPMENT OFFICE
Infill Development Workshop
June 7, 2013
Center City Housing Incentive Policy

15. 15
Project Examples
 Multi-Family Housing Project within the CRAG, not within
an Incentive Tier and not considered a brownfield
redevelopment project, historic rehabilitation project, or
adaptive reuse project.
 City Fee Waivers as identified in ICRIP
 SAWS Fee Waivers (contingent upon funding availability)
 10 year real property tax reimbursement (participation
level is 100% if the project is within a Tax Increment
Reinvestment Zone and 66% if it is not within a Tax
Increment Reinvestment Zone)

16. 16
Project Examples
 300 Unit Multi-Family Housing Project within the CRAG,
not within an Incentive Tier, and considered a brownfield
redevelopment project.
 City Fee Waivers as identified in ICRIP
 SAWS Fee Waivers (contingent upon funding availability)
 15 year real property tax reimbursement (participation
level is 100% if the project is within a Tax Increment
Reinvestment Zone and 66% if it is not within a Tax
Increment Reinvestment Zone)

17. 17
Project Examples
 300 Unit Multi-Family Housing Project within the CRAG, within
Incentive Tier 2, qualifies as an adaptive reuse project, mixed
income project, includes 10,000 square feet of 1st floor retail,
and includes a structured parking garage.
 City Fee Waivers as identified in ICRIP
 SAWS Fee Waivers (contingent upon funding availability)
 15 year real property tax reimbursement (participation level is
100% if the project is within a Tax Increment Reinvestment Zone
and 66% if it is not within a Tax Increment Reinvestment Zone)
 $1.2 million low interest loan ($4,000 per unit)
 Adaptive Reuse ($1,500 per unit)
 Mixed Income ($1,500 per unit)
 Structured Parking ($1,000 per unit)
 $200,000 Mixed Use Forgivable Loan

18. 18
Project Examples
 300 Unit Multi-Family Housing Project within the CRAG, within Incentive
Tier 1, qualifies as a historic rehabilitation project, community use, includes
10,000 square feet of 1st floor retail, and includes a structured parking
garage.
 City Fee Waivers as identified in ICRIP
 SAWS Fee Waivers (contingent upon funding availability)
 Historic Tax Exemption (requires HDRC approval)
 100% for Years 1-5
 50% for years 6-10
 15 year real property tax reimbursement that runs concurrently with the Historic
Tax Exemption (real property tax reimbursement participation level is 100% if the
project is within a Tax Increment Reinvestment Zone and 66% if it is not within a
Tax Increment Reinvestment Zone)
 $2.1 million low interest loan ($7,000 per unit)
 Historic Rehabilitation ($3,000 per unit)
 Community Use ($3,000 per unit)
 Structured Parking ($1,000 per unit)
 $200,000 Mixed Use Forgivable Loan