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OWNER - OCCUPIED HOUSING <br />ISSUES, GOALS, AND STRATEGIES FOR IMPLEMENTATION <br />1. LOW RATES OF HOME OWNERSHIP <br />a. Increase home ownership rate <br />i. Offer targeted homebuyer down payment /closing cost loan programs to encourage those <br />who work in San Marcos to become San Marcos home owners. Review program viability <br />and need for continuing funding during annual budget process. Homes must be located <br />inside the corporate limits. Possible targets might include: <br />1. First Time Homebuyers —if funded through the CDBG program, homebuyers will be <br />qualified using HUD income limits. <br />2. Texas State Professors (continuation of existing program) <br />3. Workforce incentive for school teachers, CTMC employees, Texas State University <br />employees, veterans, and law enforcement professionals who do not earn more than <br />140% of San Marcos MFI. Generally, this will be targeted to employees working in San <br />Marcos. <br />4. City of San Marcos full -time employees who have successfully completed their <br />probationary period. The City Manager may be authorized to review and approve <br />applications by part -time employees on a case -by -case basis. <br />ii. Utilizing San Marcos economic development professionals (city staff & consultants) <br />periodically evaluate new /expanding businesses to have a clearer understanding of the type <br />of housing required and its availability and potential need for targeted homebuyer <br />incentives. <br />iii. Maintain a "Housing" section on City's Webpage <br />2. THERE IS A NEED FOR MORE DIVERSITY IN THE TYPES /SIZES OF HOUSING UNITS BEING PRODUCED <br />a. Encourage the creation of a diverse housing stock <br />i. Review development codes to reduce /remove regulatory barriers to allow alternative housing <br />types that foster affordability such as: <br />1. Micro homes / efficiency dwelling units <br />2. Mixed use buildings <br />3. Zero -lot line homes <br />4. Courtyard homes <br />5. Industrial (pre -fab) housing that meets construction codes — with design standards <br />that will ensure the home is compatible with the surrounding area. <br />6. Housing designed for persons with special needs <br />A & WF Housing Policy 2 July 2014 <br />