What are the development incentives in San Antonio?

March 20, 2014 by Russell Yeager

Sifting through government documents and regulations can almost make you want to beat your head against a wall.  The information can be confusing, outdated, contradictory, and just plain impossible to find.  But in a spirit of collaboration, we want to be your guide dogs through this tricky process.  See what we did there?  Below is a whole host of details on the development incentives in San Antonio.  If you have any additional questions, please don’t hesitate to reach out to us!

1) CCHIP

This program is run by the Center City Development office and seeks to “establish a predictable incentive system for housing in the center city.”  The specific areas of San Antonio targeted by this initiative include Midtown/River North, Downtown Core, Cesar Chavez/Hemisfair Corrridor, Near River South, Medical District, Civic Core, Near East Side and Near West Side.  You can download the appropriate forms and applications from their website here.  Our Peanut Factory Lofts, Villa Espada apartments, and Elan Riverwalk projects are both utilizing funds from this program.

2) ICRIP

This is another initative run by the Center City Development office.  It specifically seeks to help “areas currently served by public infrastructure and transit, but underserved by residential and commercial real estate markets.”  You can find more information, including how to qualify for funds, on their website here.  Rolling Court Townhomes, Peanut Factory Lofts, Villa Espada, and Elan Riverwalk are all BIG RED DOG projects that will be utilizing ICRIP funds.

3) Brownfields Program

Brownfields are “abandoned or underutilized properties with real or perceived environmental contamination that complicates redevelopment.”  Examples of brownfields would include “abandoned gas stations, dry cleaning facilities, junkyards, old car dealerships, old factories and landfills.”  The main contact information within the Center City Development office for assistance in developing a brownfield in your community can be found here.

 

Written by Russell Yeager

Russell Yeager

As Market Director for our Commercial Services practice, Russell Yeager is responsible for managing our Raving Fans and prospective clients, overseeing the performance of our project design teams, steering our brand marketing strategy, and spearheading our community outreach and volunteer efforts. Russell is a proud University of Texas graduate – Hook ‘Em! He and his wife Jordan live in Northwest San Antonio.