by BRAD ROLLINS
Kyle officials appear unlikely to copy a new city of San Marcos program that offers home loan down payment assistance to employees of Seton Medical Center Hays who relocate here from elsewhere.
Seeking to capitalize on the medical center’s opening last month, San Marcos city leaders established a pilot program that offers a $5,000 forgivable loan to qualifying hospital employees who buy a home in the city limits. Twenty percent of that loan would be forgiven for each year the homebuyer remains employed by Seton Hays; the entire loan would be forgiven after five years.
But Kyle leaders including Mayor Mike Gonzalez and City Manager Tom Mattis say their city doesn’t need the program in view of its rapid residential growth. Said Gonzalez, “I don’t think it’s a good fit for Kyle and not a good use of resources for us. Our focus when we talk about economic development has always been trying to bring in jobs. We already have a very diverse housing stock.”
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