The City of San Antonio Housing Trust
The City San Antonio Housing Trust (SAHT) was created by the City of San Antonio in 1988 with a corpus of $10 million. SAHT is governed by an 11 member Board of Trustees appointed by the San Antonio City Council. The Board of Trustees reviews and recommends to City Council the Housing Trust Fund awards. The Board makes its recommendation decision based on proposals received from sponsors responding to a request for proposals during an open, competitive, funding process. Interest earned from the $10 million corpus and loan paybacks capitalize the funding rounds. Funding rounds are held approximately every year and a half.
The San Antonio Housing Trust Foundation, Inc. (SAHTF)
The day-to-day administration of the Housing Trust Fund is performed by The San Antonio Housing Trust Foundation, Inc. (SAHTF) formed in 1991, a section 501 c (3) non-profit organization, under contract to the City of San Antonio. Staff is employed by SAHTF. All organizational expenses and contracts are through SAHTF. The Board of Trustees appointed by City Council also serve as the Board of Directors of the San Antonio Housing Trust Foundation, Inc. Agreements for Trust Assistance are finalized and executed through SAHTF. Because the majority of the Trust fund’s activities are implemented through SAHTF, the Trust Fund Board of Trustees usually meets only quarterly, or as necessary, while the SAHTF Board of Directors meets monthly or more often as necessary.
The San Antonio Housing Trust Finance Corporation (SAHTFC)
The San Antonio Housing Trust Finance Corporation (SAHTFC) was formed by the Housing Trust in 1997 for the purpose of issuing bonds to finance affordable housing. This brings a new dimension to the Housing Trust’s financial intermediary status and builds on the record of the Trust. The initial board of the Finance Corporation is the San Antonio City Council. The Finance Corporation is administered by the staff of the Foundation.
The San Antonio Housing Trust Public Facility Corporation (SAHTPFC)
The San Antonio Housing Trust Finance Corporation (the “SAHTFC”) voted unanimously on July 1, 2009 to recommend that the City of San Antonio (the “City”) create a Public Facility Corporation (“PFC”) to provide a tool to develop affordable housing. Administered by the San Antonio Housing Trust Foundation (the “SAHT Foundation”). The board of the SAHTPC consists of five City Council members. A PFC enables housing resources to be better coordinated and directed to accomplish the City’s revitalization goals.