DEPARTMENT: Department of Planning and Community Development
DEPARTMENT HEAD: John M. Dugan
COUNCIL DISTRICTS IMPACTED: 2, 6, 7, and 10
SUBJECT:
Resolution of Support for six Applicants Seeking Texas Department of Housing and Community Affairs Housing Tax Credits
SUMMARY:
An item recommending a "Resolution of Support" for six multi-family rental housing development projects applying for housing tax credits from the Texas Department of Housing and Community Affairs.
BACKGROUND INFORMATION:
The Texas Department of Housing and Community Affairs (TDHCA) in the administration of its Housing Tax Credit (HTC) Program awards competitive application points for a resolution(s) from a Governing Body of a municipality on the following basis:
(A) Within a municipality, the application will receive:
* seventeen (17) points for a resolution from the Governing Body of that municipality expressly setting forth that the municipality supports the application or development; or
* fourteen (14) points for a resolution from the Governing Body of that municipality expressly setting forth that the municipality has no objection to the application or development.
(B) Within the extraterritorial jurisdiction of a municipality, the Application may receive:
* eight and one-half (8.5) points for a resolution from the Governing Body of that municipality expressly setting forth that the municipality supports the Application or Development; or
* seven (7) points for a resolution from the Governing Body of that municipality expressly setting forth that the municipality has no objection to the Application or Development.
The Housing Committee considered and approved this recommendation on January 27, 2016.
ISSUE:
Utilizing the City Council adopted evaluation criteria and TDHCA's 2016 Qualified Allocation Plan (QAP), staff developed an application process and schedule. On December 4, 2015, the City issued a request for applications fo...
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