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City of San Marcos Texas Capital Fund Application Community Needs Assessment Form Page 1 COMMUNITY NEEDS ASSESSMENT 1. Housin2 Needs San Marcos has experienced a lapse in business growth in recent years. This situation has produced a high rate of unemployment affecting all areas of the city including an adjustment in housing needs. San Marcos' Housing Authority has a waiting list for low income families seeking safe and decent shelter. The stagnant economy has halted construction of affordable housing and limited funds are not available to implement an aggresive rental rehab program. 2. Economic Development Needs The extension of water services to the northern corridor along Interstate Highway 35 would enhance business expansion and create employment opportunities for the citizens of San Marcos. The creation of jobs in the San Marcos area resulting from the location of CTEC, a manufacturer of advanced composite technology engine components, will directly impact and support the entire local economy. Most of the manufacturing business in San Marcos has been in a "no-growth" mode for the last five years. Providing water service to CTEC along the northern corridor area will be crucial in order to create much needed job opportunities in the area. The creation of infrastructure for CTEC through funding sources would assist in the alleviation of local unemployment and would strengthen the City's economic outlook for the future. According to Feb. 23, 1989 figures provided by the Texas Employment Commission, San Marcos has a higher rate of unemployment than national, state, or county averages. The figures below are listed for your information: Area Labor Force Ernolovrnent Unernolovment Rate U.S. 121,668,000 114,968,000 6,700,000 5.5% Texas 8,347,800 7,738,800 609,000 7.3% Ha ys Co. 30,927 28,994 1,933 6.3% San Marcos 16,475 15,076 1,399 8.5%