DEPARTMENT: Neighborhood & Housing Services Department
DEPARTMENT HEAD: Ver?nica R. Soto, AICP, Director
COUNCIL DISTRICTS IMPACTED: Council District 3 and Council District 7
SUBJECT:
A Resolution declaring a need for the Texas Housing foundation to exercise its powers in the city of San Antonio, Texas; and authorizing a cooperation agreement for the purposes of rehabilitating the Oaks on Clark Apartments (aka Whitefield Place), the San Jose Apartments, and Ingram Square Apartments.
SUMMARY:
The Texas Housing Foundation is a Regional Housing Authority operating pursuant to Chapter 392 of the Texas Local Government Code. The Foundation is seeking a Resolution authorizing it to operate within San Antonio's territorial limits for the rehabilitation of the Oaks on Clark (aka Whitefield Place) apartments, an 80 unit affordable multi-family rental housing development, located at 4622 Clark Avenue in Council District 3; San Jose Apartments, a 220 unit affordable multi-family rental housing development, located at 2914 Roosevelt Avenue in Council District 3; and, Ingram Square Apartments, a 120 unit affordable multi-family rental housing development, located at 5901 Flynn Drive in Council District 7.
BACKGROUND INFORMATION:
Per Texas Local Government Code, Section 392.017 (d) the governing body of a municipality must adopt a Resolution declaring a need for a regional housing authority to exercise its powers in the municipality in which the project(s) will be developed and authorizing a cooperation agreement with the municipality under Section 392.059 of the Local Government Code.
The Texas Housing Foundation was created in 1995 as a regional housing authority to create, develop, acquire, administer, manage, and provide services to affordable housing projects across the state. The Foundation utilizes housing tax credits administered by the Texas Department of Housing and Community Development. Through 2019, Texas Housing Foundation has developed/acquired over 5...
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