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2) Eligible projects include multi-family rentals or ownership housing within targeted growth areas of the center city.
3) The incentives seek to promote goals like historic rehabilitation, adaptive reuse, mixed-income housing, and transit-oriented development.
4) The incentives include things like tax reimbursements for 10-15 years, fee waivers, and loans for mixed-use or mixed-income projects.
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- NIP will be available to the 17 Ohio counties that have an established land bank.
- OHFA has issued a Request for Proposals from the state’s county land banks.
- The program commences in early 2014 and will conclude in 2017.
Technical Assistance:
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Presentation of the University of British Columbia (UBC) Urban Agriculture Group on June 6, 2007 at the Bicol Science and Technology Centrum, Naga City, in conjunction with their Naga Planning Studio Course.
Planning for Broadway now provides an opportunity to
coordinate transit-supportive land use, affordable housing
policies, transportation connectivity and public realm
design with the rapid transit project.
The Neighborhood Initiative Program: Best Practices for Strategic Demolitiongreaterohio
This presentation provides details on best practices for implementing the Neighborhood Initiative Program guidelines.
Overview of the Neighborhood Initiative Program:
The Ohio Finance Agency (OHFA) received approval from the U.S. Department of the Treasury to utilize up to $60 million of Ohio’s remaining Hardest Hit Funds (HHF) to assist with stabilizing local property values through the demolition of vacant and abandoned homes across Ohio.
The Neighborhood Initiative Program (NIP) is designed to stabilize property values by removing and greening vacant and abandoned properties in targeted areas in an effort to prevent future foreclosures for existing homeowners.
The Neighborhood Initiative Program (NIP) will fund strategically targeted residential demolition in designated areas within the state of Ohio. OHFA will partner with County Land Revitalization Corporations (“land banks”) or an entity that has signed a cooperative agreement with an established county land bank.
- NIP will be available to the 17 Ohio counties that have an established land bank.
- OHFA has issued a Request for Proposals from the state’s county land banks.
- The program commences in early 2014 and will conclude in 2017.
Technical Assistance:
OHFA has contracted GOPC to advise OHFA and applicants on the implementation of the Neighborhood Initiative Program (NIP).
Assistance includes:
1. Consultation with applicants regarding best practices for the selection of neighborhoods and properties for the program
2. Strategic and technical advice to eligible applicants in responding to the RFP for the NIP
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The presentation is based in Ecuador´s territorial division (analogue to the US)
The model target cities that may work together to stablish a "regional" authority, which may include cities for different counties
I translated this from Spanish to English, sorry for the typos
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1. City of San Antonio
CENTER CITY DEVELOPMENT OFFICE
Center City Housing Incentive Policy
Infill Development Workshop
August 31, 2012 1
2. CENTER CITY IMPLEMENTATION PLAN RECOMMENDATIONS
• Increase public investment
• Align economic development functions
• Improve regulation of development
• Create a Housing Finance Strategy
2
3. HOUSING FINANCE STRATEGY
• Downtown Core
Housing/Hospitality
Taskforce
• Public Land Disposition
• Centro Partnership
Strategic Housing Fund
• Predictable City Tax
Incentives and
Investments
3
4. CURRENT POLICY
• Process
– Proforma Review
– Gap Analysis
– Incentive Toolkit Analysis
– Negotiation
• Results
– 1,537 housing units
– $257 million in private investment
– $24.6 million in incentives
• $3.8 million in cash grants (15%)
– 1 to 10 ratio of public vs private
4
5. WHY A PREDICTABLE INCENTIVE SYSTEM?
• Infill development is challenging
• Assists in normalizing land values
• Reduces the risk for the developer
• Attracts developers
5
6. CENTER CITY HOUSING INCENTIVE POLICY
• Eligibility
– Multi-Family for sale or rental
– Must be within ICRIP Target Area
• 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
6
7. RECOMMENDED INCENTIVES
• Fee Waivers
• Real Property Tax Reimbursement Grants
• Inner City Incentive Fund Loans
• Mixed Use Development Forgivable Loans
• NO CASH GRANTS
7
8. INCENTIVE TIERS
Tier 1 (light blue)
•Urban Core
Tier 2 (light brown)
•Near River South
•HemisFair/Cesar Chavez
•Near East Side
•Near West Side
•Civic Core
•Medical District
Tier 3 (blue)
•River North
Tier 4 (yellow)
•Midtown
8
9. CITY AND SAWS FEE WAIVERS
• Certain City fees are waived as
outlined in the ICRIP Policy.
• SAWS Impact Fee Waivers to be
waived on all housing projects within
the ICRIP.
• Contingent upon funding availability
9
10. REAL PROPERTY TAX REIMBURSEMENT GRANTS
• 10 year tax reimbursement
– ICRIP
– 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
• Public Benefit
– New Housing Starts
– Mixed Income Preservation Requirement
10
11. 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
11
12. 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
12
13. LOAN AMOUNT
• Tier 1 (pink)
– $3,000 per category
– Not to exceed $6,000 per housing unit
• Tier 2 (orange)
– $1,500 per category
– Not to exceed $3,000 per housing unit
• Tier 3 (yellow)
– $1,000 per category
– Not to exceed $2,000 per housing unit
• Tier 4 (green)
– $500 per category
– Not to exceed $1,000 per housing unit
13
14. 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
14
15. LOAN TERMS
• Fixed rate
– one year LIBOR Rate plus 75 basis points
• Interest compounds annually
• Balloon repayment in year 7
• Contingent upon funding availability
15
16. 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
16
17. POLICY REVIEW
• The City or Centro Partnership will initiate
a housing study every 3 years.
– Inventory
– Monitor rates
– Identify policy adjustments (if necessary)
• Unless the City Council extends and or
amends the terms of the CCHIP it will
expire on July 1, 2016.
17
18. ADMINISTRATION
• Center City Development Office
– Process CCHIP applications and agreement
– Initiate marketing efforts
• Economic Development Department
– Monitor agreements
18
19. RECAP
• The CCHIP incorporates the goals and
objectives of the Implementation Plan.
• Establishes a predictable housing incentive
system for Center City.
• Encourages historic rehabilitation, adaptive
reuse, brownfield’s redevelopment, student
housing, transit oriented development, and
mixed income.
• Rewards good urban design.
19
20. City of San Antonio
CENTER CITY DEVELOPMENT OFFICE
Center City Housing Incentive Policy
Infill Development Workshop
August 31, 2012 20
21. City of San Antonio
Center City Housing Incentive Policy
(Approved by City Council _______________, 2012)
Section 1. Background and Eligibility:
In spring 2011, the Centro Partnership San Antonio initiated the creation of a Downtown
Strategic Framework Plan. In an effort to ensure the execution of the Framework Plan, the
Center City Development Office created the Center City Implementation Plan.
The Center City Implementation Plan provided recommendations on how to best implement
the Downtown Strategic Framework Plan through increased public investment, creation of a
housing finance strategy, coordinated management, and regulation of development. The
Implementation Plan recommended that the City establish a predictable housing incentive
system for housing in the Center City. Such a system would assist in normalizing land
values, provide greater certainty, increase the speed of approvals, and reduce the risk
associated with infill development. Therefore, the Center City Development Office
developed the Center City Housing Incentive Policy (CCHIP).
The CCHIP incorporates the goals and objectives of the Implementation Plan and provides
greater incentives to housing projects within the Targeted Growth Areas identified in the
Downtown Strategic Framework Plan and prioritizes the Downtown Core. The Policy
encourages historic rehabilitation, adaptive reuse, brownfield’s redevelopment, and transit
oriented development. Finally, the policy rewards good urban design and encourages
mixed use and mixed income development and redevelopment.
The CCHIP applies to multi-family rental and for sale housing projects (Projects) within the
Inner City Reinvestment Policy Target Area. Eligible Projects will receive City Fee Waivers,
SAWS Impact Fee Waivers, Real Property Tax Reimbursement Grants, Inner City Incentive
Fund Loans, and Mixed Use Development Forgivable Loans based on the terms outlined in
the CCHIP.
Section 2. Definitions:
Adaptive Reuse – The reuse of a building or structure, usually for a purpose different from
the original. The term implies that certain structural or design changes have been made to
the building in order for it to function in its new use.
Brownfields Redevelopment - Abandoned or underutilized properties where expansion,
renovation or redevelopment is complicated by real or perceived environmental
contamination.
Community Use - A Project that includes one or more of the following community-serving
amenities: a plaza or open space that is accessible to the public and designed and
maintained to the City's urban design standards; ground-floor retail space for neighborhood-
supporting retail; office or other commercial space offered to non-profit organizations; or
educational, health, recreational, or other essential neighborhood services.
High-rise Residential Development – A Project that is at least 75 feet.
1
22. Historic Rehabilitation - The process of returning a property to a state of utility, through
repair or alteration, which makes possible an efficient contemporary use while preserving
those portions and features of the property that are significant to its historic,
architectural and cultural values.
Inner City Reinvestment/Infill Policy (ICRIP) – A Policy of the City of San Antonio to promote
growth and development in the heart of the City, specifically in areas that are currently
served by public infrastructure and transit, but underserved by residential and commercial
real estate markets. It is the intent of this policy to coordinate public initiatives within
targeted areas in order to stimulate private investment in a walkable urban community that
are the building blocks of a sustainable region. The ICRIP identifies a range of public
incentives, including regulatory, procedural, and financing incentives.
Low Impact Development (LID) - Site development features such as rain gardens,
bioswales, pervious pavement and other methods provide a functional use of vegetation or
permeable surfaces to retain storm water and filter its pollutants before the water is diverted
to a storm water collection system.
Market-Rate Housing – A Project in which more than 85% of the units are priced for rental
or sale subject to market conditions, without temporary or permanent pricing restrictions.
Mixed Income Housing – A Project in which at least 15% of the housing units are priced for
rental or sale to households or persons at or below 80% of the Area Median Income.
Project – A multifamily rental or for sale housing development within the ICRIP.
Structured Parking - Parking facilities that are constructed in or as part of a Project. Does
not apply to surface parking.
Student Housing – A Project in which the majority of the housing units are occupied by full
time students registered at an accredited post secondary institution.
Targeted Growth Areas - The Downtown Strategic Framework Plan identified 8 Targeted
Growth Areas for housing redevelopment. These areas are well positioned for residential
growth and mixed use development based on an assessment of market momentum,
physical capacity for growth, and proximity to areas with established neighborhood
character. The 8 Target Growth Areas include Midtown/River North, Downtown Core, Cesar
Chavez/Hemisfair Corridor, Near River South, Medical District, Civic Core, Near East Side,
and Near West Side.
Transit Oriented Development - A Project designed to maximize access to public transport.
Often incorporates features to encourage transit ridership.
Section 3. Geographic Area
The level of incentives provided by the CCHIP is based on the Project’s location within the
ICRIP Target Area (Exhibit A). The level of incentive will increase if the Project is within 1 of
the 8 Targeted Growth Areas’. The 8 Targeted Growth Areas include Midtown/River North,
2
23. Downtown Core, Cesar Chavez/Hemisfair Corridor, Near River South, Medical District, Civic
Core, Near East Side, and West Side Multimodal/UTSA (Exhibit B).
In an effort to simplify the Policy, the Targeted Growth Areas have been re classed into 4
Incentive Tiers. Exhibit C illustrates each of the 8 Targeted Growth Areas and the 4
Incentive Tiers and also includes a boundary description for each area.
1. Tier 1 – Downtown Core
2. Tier 2 – Near West Side, Near East Side, Civic Core, Cesar Chavez/Hemisfair,
Medical District, Civic Core, and Near River South
3. Tier 3 – River North
4. Tier 4 - Midtown
Section 4. Fee Waivers
Projects within the ICRIP Target Area will receive City Fee Waivers as permitted by the
Inner City Reinvestment Infill Policy.
Projects within the ICRIP Target Area will receive a SAWS Fee Waiver equal to 100% of
their SAWS water and impact fees. The SAWS Fee Waiver is contingent upon funding
availability. SAWS allocates funding on annual basis for this incentive program.
Section 5. Real Property Tax Reimbursement Grant
Projects within the ICRIP target area will receive a Real Property Tax Reimbursement Grant
(Grant). The City’s real property tax increment generated as a result of the Project is the
funding source of the Grant. If a Project is within a Tax Increment Reinvestment Zone it will
receive a rebate up to 100% of the previous year’s real property tax increment remitted to
the City over a period of time that is determined based on the Projects geographic location
or type. The rebate is based on the City’s participation level in the Tax Increment
Reinvestment Zone where the Project is located. If a Project is not within a Tax Increment
Reinvestment Zone it will receive a rebate of 66% of the previous years real property tax
increment remitted to the City over a period of time that is determined based on the
Project’s geographic location or type.
The period over which the Grant will be disbursed will be either 10 or 15 years depending
on the Project’s geographic location or type. A Project will receive a Grant that is disbursed
for 10 years if it is located within the ICRIP Target Area. A Project will receive a Grant that
is disbursed for 15 years if it is located within 1 of the 4 Tiers or if it is an Adaptive Reuse or
Brownfields Redevelopment Project in the ICRIP Target Area.
Additionally, if the Project qualifies for a Historic Tax Exemption or Historic Tax Credit per
the Office of Historic Preservation the Tax Rebate Grant and the Tax Credit or Exemption
will be used together when possible in order to maximize the incentive.
If a Project is a market rate rental project it is required to maintain 10% of its housing units
at the Project’s first year rental rate per square foot, adjusted for inflation in accordance with
the Consumer Price Index (CPI) for the San Antonio-New Braunfels MSA, for the term of the
Grant.
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24. Section 6. Inner City Incentive Fund Loan
Projects within 1 of the 4 Tiers qualifies for an Inner City Incentive Fund Loan (Loan) if the
Project meets certain Categories. Project Categories include the following:
1. Mixed Income
2. Community Use
3. Adaptive Reuse
4. Brownfield Redevelopment
5. Historic Rehabilitation
6. High-rise Residential Development
7. Student Housing
8. Transit Oriented Development within ¼ mile of the West Side Multi-Modal Center or
Robert Thompson Transit Center
The total Loan amount is calculated per housing unit and varies based on the Tier that a
Project is located in and is as follows:
Tier 1 – A Project in Tier 1 will receive $3,000 per housing unit for each of the
Categories it meets and will not exceed $6,000 per housing unit.
Tier 2 – A Project in Tier 2 will receive $1,500 per housing unit for each of the
Categories it meets and will not exceed $3,000 per housing unit.
Tier 3 - A Project in Tier 3 will receive $1,000 per housing unit for each of the
Categories it meets and will not exceed $2,000 per housing unit.
Tier 4 – A Project in Tier 4 will receive $500 per housing unit for each of the
Categories it meets and will not exceed $1,000 per housing unit.
If the Project meets the Mixed Income or Student Housing Category it must remain Mixed
Income or Student Housing for the term of the Real Property Tax Reimbursement Grant.
Additionally, a Project qualifies for a Loan bonus equal to $1,000 per housing unit if it
includes structured parking that accommodates the housing units and $500 per housing unit
if it incorporates Low Impact Development features. The per unit Loan bonus amount is the
same for all Tiers.
Rate on the Loan is a fixed rate equal to the one year LIBOR Rate on the date the loan is
executed plus 75 basis points with interest compounding annually through the repayment in
year 7. The Loan will be disbursed upon proof of the following: (1) receipt of a building
permit and (2) project financing. However, Loans are contingent upon available funding.
City Council allocates Inner City Incentive Funds (ICIF) through the annual budget process.
Section 7. Mixed Use Forgivable Loan
A Project will receive an 0% Inner City Incentive Fund Forgivable Loan for retail and
commercial tenant finish-out improvements in an amount equal to $20 per square foot of
total first floor retail and $10 per square foot of total commercial office space. 20% of the
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25. entire Forgivable Loan amount will be forgiven annually over a 5 year period provided the
space is leased for at least 80% of the term and that the Forgivable Loan is a direct pass-
through to the initial tenant of the space to be used exclusively for tenant finish-out
improvements. However, Forgivable Loans are contingent upon available funding. City
Council allocates Inner City Incentive Funds through the annual budget process.
Section 8. CCHIP Exceptions
Any exceptions to the CCHIP require City Council approval.
Section 9. CCHIP Review and Term
The City will initiate a housing study for the CCHIP area every three years to inventory the
total number of housing units, monitor the rental rates and sales values, and identify any
necessary adjustments to the policy. Unless the City Council extends and or amends the
terms of the CCHIP it will expire on July 1, 2016.
Section 10. Recapture Provisions
CCHIP Agreements will include a provision for the recapture of the incentives (e.g. grants
and loans) in the event Agreement terms and requirements are not met. These recapture
provisions will survive any subsequent assignment of the Agreement.
Section 11. Administration of the CCHIP
The Center City Development Office will administer the CCHIP.
Section 12. Legal Documents
The legal documents used to officiate this policy include the CCHIP Application and the
CCHIP Incentive Agreement as described in Exhibits D and E. The City Attorney’s Office, in
conjunction with the City Manager or her designee, may negotiate additional terms of the
agreement as long as those terms do not change the total incentive amount. The City
Manager or her designee will be the signatory of the agreement.
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