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ACCOMPLISHMENTS |
Since its inception in 1995, five (5) subdivisions of high-quality, single-family homes have been developed. The program has created a total of 232 affordable housing units. In addition to subsidized land development, the incorporation of homebuyer incentives such as down payment and closing cost assistance provides many families that would otherwise not have had the opportunity to know the personal satisfaction of homeownership.
- An average of 45 affordable homes per development
- A total of 180 new homes constructed
- A total of 156 homeowners receiving homebuyers education an down payment
- An average of 565 decrease in criminal incidents and safety issues
- An average of $4,905,000 increase in property value
- An average of 82 partner organizations
- Does not include Arroyo Vista, which is under development
The table below describes the impact of the ASOH on the first four developments that received the benefits of this program.
| Coliseum Oaks 1995 |
Villas de Esperanza 1997 |
Historic Gardens Phase I 1997 |
Pasadena Heights 1999 |
Arroyo Vista 2005 |
Summary Totals | |
| Acreage put into productive use | 15 | 12 | 4 | 11 | 9 | 41.8 |
| Increase Affordable Housing Units | 60 | 53 | 22 | 45 | 52 | 232 |
| Homebuyer Education & Down Payment Assistance Participants | 45 | 46 | 22 | 43 | 26 | 182 |
| Average Sales Price | $52,828 | $57,946 | $65,000 | $67,461 | $82,615 to date | $65,170 |
| Increase in Property Values (Before development thru 2004) | $142,000 to $4,258,710 | $72,900 to $3,805,050 | $108,000 to $2,524,400 | $220,000 to $3,993,620 | $0.00 (tax exempt) to $4,350,000) *estimate* | $542,900 to $18,931,780 |
| Incremental increase to tax base | $4,116,710 | $3,732,150 | $2,416,400 | $3,773,620 | $4,350,000 *estimate* | $18,388,880 |
| Total increased taxes generated (Annually) (CITY, COUNTY, ISD, UHS, ACCD) |
$128,254 | $114,592 | $76,024 | $120,271 | $131,003 *estimate* | $439,141 |
| Increase in property values for surrounding 2 block radius | $4,550,410 to $5,044,150 | $6,153,385 to $6,458,600 | $6,204,277 to $7,279,940 | $2,876,155 to $3,414,800 | TBD | $19,784,227 to $22,197,490 |
| Decrease crime & other safety issues UCR Crime Data 1999-June 2002 |
118-60 49% |
14-Jun 133% |
228-116 49% |
16-16 No change |
TBD | 368-206 56% |
| Partner Participation (Lenders, Non-Profits, Builders, etc.) |
88 | 79 | 97 | 67 | 36 | 73 AVG |
Program Goals |
Current Projects |
Completed Developments |
Awards |
Partnerships |
Contacts