Feb. 27--SAN ANGELO, Texas -- The city's development corporation will use a $200,000 loan to fund housing for low-income workers.
The City of San Angelo Development Corporation approved the loan from the half-cent sales tax fund balance to the Grand Court Residences Low Income Housing Tax Credit project at its Tuesday meeting.
"The project is not in one of our target neighborhoods," said Bob Salas, director of Neighborhood Services, but it is an opportunity to increase much-needed housing in San Angelo, he said.
The planned 80-unit complex will be near Grand Court Road and Summercrest Drive, behind the Grogan's Farm and Ranch Feed Store. The complex is intended for low- to moderate-income employees who work for companies like Chick-fil-A or Lowes Home Improvement in the area. This is to meet the increasing need for low-income housing, as a demand for housing stock also increases.
The loan, which will be issued if the project is awarded tax credits from the Texas Department of Housing and Community Affairs, will be repaid over a five-year period at 3 percent interest, Salas said.
Also in the meeting, City Engineer Karl Bednarz said the Red Arroyo Shared Use Path project is making small steps forward. The project is for a pedestrian and nonmotorized vehicle trail from Knickerbocker Road to Sherwood Way.
The overall project cost is estimated at around $4 million, $375,000 of which are COSADC funds, he said. The city will submit the entire design to the Texas Department of Transportation, and it is due sometime in March. Bednarz estimated the project will take about 270 days.
The board also approved allocations for a senior administrative assistant in the Economic Development Department. In the past the city has operated with economic development and planning services as separate departments. In 2010 the departments merged, and the city appointed Shawn Lewis as director of Community and Economic Development, the combined department.
With Lewis' departure in December 2012, however, the city decided to separate the departments again because the workload was too much for one director. Officials also felt it necessary to bring back the senior administrative assistant post it had before the merge.
"There needs to be as many hands on deck," said Scott Tankersley, board president.
There will be no change to the budget, because staff had contemplated three positions -- director of economic development, director of planning services and a senior administrative assistant -- during budget discussions.
"There's no change to the budget; we're just shifting who gets it," said John Bariou, board member.
Officials expect to have someone moved to the administrative assistant position by Saturday, but no one has been named at this time.
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