1 Total Investment Required: The total amount invested in the project, including all private and public sources
2 Retail (S.F.): Square footage of retail space in the development
3 Office (S.F.): Square footage of office space in the development
4 80% AMI: Housing units reserved for households earning at or below 80% of the Area Median Income, or $53,400 for a family of four
5 60% AMI: Housing units reserved for households earning at or below 60% of the Area Median Income, or $40,080 for a family of four
6 30% AMI: Housing units reserved for households earning at or below 30% of the Area Median Income, or $20,040 for a family of four
7 Student Units: Housing units set aside for students enrolled in a 2- or 4-year college/university
8 SAWS Fee Waivers: Funds used to cover the cost of water and sewer system impact fees assessed by SAWS. Funds are made available by SAWS and the policy for allocating the funds is approved by City Council.
9 City Fee Waiver: An estimate of funds used to cover the cost of City development fees, such as building permits and sidewalk closures.
10 Loans: Includes forgivable and repayable loans to encourage projects that include retail or office space, affordable housing (60% AMI), workforce housing (80% AMI) and low-impact development (LID) features
11 Estimated Rebate Value: The rebate of City property taxes is provided only on the increase in value as a result of the development, i.e. does not apply to the pre-development value of the property. The actual value of the annual rebate is dependent on the assessment of the property as determined by the Bexar County Appraisal District (BCAD) and on actual taxes paid to the City. Rebates do not apply to other taxing jurisdictions. Rebates must be requested annually by Developer. Rebates are payable over 10 to 15 years, and are not discounted to reflect future value.