|
|
|
|
|
|
Bexar County receives HOME Investment Partnership funds annually from the US Department of Housing and Urban Development (HUD). The HOME program is focused on strengthening public-private partnerships and expanding the supply of decent, safe, sanitary and affordable housing for low to moderate income families. More information is located on HUD's HOME website.
Bexar County must comply with HOME program requirements.
|
|
A minimum of 15% of the annual HOME allocation must be awarded to projects sponsored, owned and/or developed by a Community Housing Development Organization.
|
|
|
100% of HOME funds must be used to benefit households that are at or below 80% of the area median income. Additional provisions exist to further target income eligibility for rental housing and tenant based rental housing activities.
|
|
|
HOME regulations require a 25% non-federal funding match.
|
|
|
HOME funded projects have to adhere to a period of affordability that restricts their use to income eligible recipients for a specific period of time.
|
|
|
Bexar County uses HOME funds in its unincorporated area or in the participating cities listed below. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Applications for HOME funds are made available in January. Applications must be submitted at a scheduled public hearing.
|
|
Eligible Activities
|
|
|
Homeownership
|
|
Rental Housing |
|
|
New construction
|
|
New construction
|
|
|
Down payment assistance
|
|
Rehabilitation
|
|
|
Rehabilitation
|
|
Acquisition
|
|
|
Reconstruction
|
|
Tenant Based Rental Assistance
|
|
|
American Dream Downpayment Initiative (ADDI)
|
|
Bexar County also administers HUD’s program which provides down payment and closing cost assistance to first-time homebuyers for the purchase of a new or existing home in the unincorporated areas of Bexar County or in the participating cities listed above. More information can be found on the ADDI program by clicking here.
Information on additional homebuyer assistance programs can be found at the Texas Department of Housing and Community Affairs or City of San Antonio website.
|
|
Tax Increment Finance and Public Improvement Districts
|
|
Bexar County participates in several Tax Increment Reinvestment Zones (TIRZ). The objective of a TIRZ is to assist with the revitalization or creation of a real property development in order to stimulate economic growth. These zones are created by a municipality and Bexar County may choose to be a participating entity as detailed in Texas Tax Code Chapter 311. As a participating entity, Bexar County reinvests a portion of its incremental property tax revenue (new property tax revenue created after the TIRZ is designated) from the TIRZ into infrastructure development for the project. The base property tax revenue (property tax revenue at the time of the TIRZ creation) and any uncommitted portion of incremental property tax revenue are applied to Bexar County's General Fund. Bexar County is currently a participating entity in 22 TIRZs.
|
|
|
|
|
Brookside
|
|
Mission Creek
|
|
Rosillo Ranch
|
|
|
Hallie Heights
|
|
Mission Del Lago
|
|
Sedona
|
|
|
Heather Cove
|
|
New Horizons
|
|
Sky Harbor
|
|
|
Highland Heights
|
|
North East Crossing
|
|
Stablewood Farms
|
|
|
Houston Street
|
|
Plaza Fortuna
|
|
Verano
|
|
|
Hunters Pond
|
|
Retama Park
|
|
Woodcrest
|
|
|
Lackland Hills
|
|
Ridge Stone
|
|
|
|
|
Meadow Way
|
|
Rosedale
|
|
|
|
|
Bexar County has also created three Public Improvement Districts (PID) within its borders. A PID, also known as a Special Improvement District, is an independent governmental entity that may be created by a county as detailed in Texas Local Government Code Chapter 372. The PID may impose a property tax, sales tax and/or hotel tax within its borders. The tax revenue is used for infrastructure development.
|
|
|
|
|
Cibolo Canyon
|
|
Crosswinds at Southlake
|
|
Westside 211
|
|
