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O-OH <br />WNERCCUPIED OUSING <br /> <br />ISSUES, GOALS, AND STRATEGIES FOR IMPLEMENTATION <br />1.L <br /> <br />OW RATES OF HOME OWNERSHIP <br />a.Increase home ownership rate <br /> <br />i.Offer targeted homebuyer down payment/closing cost loan programs to encourage those <br /> <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 /> <br />qualified using HUD income limits. <br />2.Texas State Professors (continuation of existing program) <br /> <br />3.Workforce incentive for school teachers, CTMC employees, Texas State University <br /> <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 /> <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 /> <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 /> <br />2.T/ <br /> <br />HERE IS A NEED FOR MORE DIVERSITY IN THE TYPESSIZES OF HOUSING UNITS BEING PRODUCED <br />a.Encourage the creation of a diverse housing stock <br /> <br />i.Review development codes to reduce/remove regulatory barriers to allow alternative housing <br /> <br />types that foster affordability such as: <br />1.Micro homes / efficiency dwelling units <br /> <br />2.Mixed use buildings <br /> <br />3.Zero-lot line homes <br /> <br />4.Courtyard homes <br /> <br />5.Industrial (pre-fab) housing that meets construction codes – with design standards <br /> <br />that will ensure the home is compatible with the surrounding area. <br />6.Housing designed for persons with special needs <br /> <br />A & WF Housing Policy 2 Adopted July 2014; Amended March 2017 <br /> <br />