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Mailing / Physical Address
1400 S. Flores, Unit #3
San Antonio, TX 78204
If sites have been identified but not yet been purchased:
All builders and developers of infill housing are strongly encouraged to incorporate the defining features of a neighborhood into newly constructed infill houses. Those defining features of older inner city neighborhoods may include: roof pitches, porches, materials, and window types. Developers must comply with any standards established by an existing neighborhood conservation district and/or approved neighborhood plan. Partners may be required to work with the City’s Design Center to finalize specific housing plans.
Homebuyers purchasing the properties must meet household income requirements of 80% or below area median income as described below and be documented via the HUD Part 5 Method of calculating income. Homebuyers will be required to provide evidence that they meet these income requirements.
Partners will be responsible for verification of income based upon established requirements of the U.S. Department of HUD.
Homebuyer programs must meet the following criteria:
Following are the credit standards for homebuyer programs:
Single family rental programs must meet the following criteria
Predatory lending describes lending practices that take advantage of clients by charging usurious interest rates or excessive fees and penalties. Homebuyer Loans will not be made with an interest rate more than 2% above the prevailing market rate.
All homebuyers must have a pre-purchase counseling course prior to the closing date. The course must be a HUD recognized homebuyer education curriculum taught by an individual that has been certified to conduct homebuyer counseling.
The maximum sales price of an “affordable” single family home in the City of San Antonio is $120,000. However, Applicants should conduct an assessment of the market to base sales price decisions on home price data from recent sales and other information about home values in the area including differences in size, quality, condition, location, and other amenities.
Copyright © 2014 City of San Antonio